Amid the downtrend of the past few days, there are still open profit opportunities in the Ethereum ecosystem. The Alpha Finance Lab team has announced its tokenomics with rewards for its users and new products based on the Alpha Homora protocol:
ALPHA token holders benefit from the growth of all Alpha products including Alpha Homora (vEthereum), Alpha Homora (vBSC), Alpha Homora (v2), AlphaX and many more innovative Alpha products that we are working on. ALPHA token holders will be an integral part of the growing multi-chain alpha ecosystem.
APLHA token holders can receive “ecosystem-wide rewards” based on the core protocol. Users can also receive rewards regardless of whether the Alpha product is operated with a Layer 1 or Layer 2 solution.
In the announcement, the Alpha Finance Labs team made it clear that stakers will be able to unlock new features and earn more rewards with the various “levels” they activate.
This is one of the first times tokenomics has been built right into the use of the underlying core protocols.
Depending on the amount of ALPHA commitment, the user has access to new levels with which they can earn fees from across the ecosystem.
ALPHA stakers will also serve as the backbone of the expanding Alpha ecosystem as the funds deployed will help secure the ecosystem in the event that additional insurance is required.
Alpha Finance Lab is proud to announce that $ ALPHA Tokenomics (deployment and more) will be rolled out in the coming days! 🔥🔥
With ALPHA Tokenomics, value creation is not limited to just collecting fees from the #alpha ecosystem, but is also an integral part of using the Alpha core protocols.
– Alpha Finance Lab (@AlphaFinanceLab) March 23, 2021
Interoperability with Ethereum and Binance Smart Chain
One of the advantages of the Alpha Homora Protocol native token is its interoperability in two major DeFi ecosystems. ALPHA is based on the ERC-20 standard of Ethereum and the BEP-20 standard of the Binance Smart Chain.
Without changing the overall offer of the token, the Alpha Finance Lab team activated this option in response to the high demand from ALPHA. The announcement stated:
To meet demand for an ALPHA (ERC-20) redemption from Binance, we are paying 100 million ALPHA (ERC-20) and withdrawing 100 million ALPHA (BEP-20) via Binance – the main bridge between two token standards .
In response to the announcements, ALPHA has regained momentum, trading near its all-time high of $ 2.08. On the one-day chart, ALPHA shows growth of 11.8% with a positive performance of 25.3% in the last week. Wangarian, capital distributor for Defiance Capital, said on Alpha Homora’s Token:
When properly designed, tokens serve both the token holders and the underlying protocol. ALPHA has one of the most promising tokenomics I’ve seen so far. Incentives for all stakeholders are based on a clear added value for the ALPHA Character.
DeFi Pulse data shows the Alpha Homora Protocol has a Total Value Locked (TVL) of $ 679 million with an all-time high of $ 1.25 billion in this metric. On the final day, the log lost 19.8% of its TVL, a downward trend that has lasted for 3 months.