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Alpha Finance Lab is a cross-chain DeFi platform focused on building an ecosystem of products that will interoperate and deliver alpha to users on various blockchains, starting with Binance Smart Chain (BSC) and Ethereum.
The project's first product, Alpha Lending, is a decentralized pool-based lending protocol. Users can earn interest by providing supported assets over the protocol. Assets deposited by lenders will be translated into a smart contract that pools the total liquidity of each asset into a pooled fund available to borrowers. Interest paid by borrowers is distributed proportionally to loan liquidity providers. If a user wishes to be a lender, he/she can deposit one of the supported assets, such as BNB, into the protocol. Once deposited, the user will receive alTokens (e.g. alBNB) which are interest-bearing tokens representing the user's share of his/her deposited BNB. The interest received by the lender is calculated for each block on the BSC.
Before a user can borrow, he/she must first deposit assets that can be used as collateral for the protocol. When depositing such assets, the user receives alTokens. Each asset that can be used as collateral is assigned a loan-to-value (LTV) ratio. For example, if the LTV for BNB is 75%, a user who deposits and uses BNB as collateral can borrow any asset up to 75% of the deposited BNB value. Credit pool contract: handles the behavior of users in the credit pool, including features such as deposit, borrow, redeem, withdraw, and liquidate. Credit Pool Configurator: Provides configuration functions for the credit pool and implements the configuration of token pools, including pool configuration and interest rate calculation. alToken contract: controls the minting and burning of alToken. alToken represents the user's credit position or the share of the deposited amount in the total liquidity of this asset.
The ALPHA token has the following planned and ongoing use cases. The first possible option is liquidity mining: users will be able to earn ALPHA tokens as a reward for providing liquidity in Alpha Lending. Further, here you can also include a rate: ALPHA token holders will be able to deposit tokens into a smart contract that uses these tokens to cover any loans by default. Users who stake their ALPHA tokens will receive a portion of the platform's income. And ultimately the management vote: Governance will be at two levels through the DAO: governance at the product level and governance at the Alpha Finance level. Product-level governance will allow ALPHA token holders to manage key product-specific protocol parameters, while financial-level governance will allow ALPHA token holders to manage the interaction of the Alpha product portfolio.
Alpha Finance Lab is a DeFi Lab, and on a mission to build Alpha Universe. Alpha Universe includes the Alpha ecosystem, which consists of Alpha products that interoperate to maximize returns while minimizing risks for users, and other ecosystems incubated through the Alpha Launchpad incubator program.
Alpha Tokenomics allows token holders to stake ALPHA tokens. ALPHA stakers will earn a share of protocol fees collected from the Alpha Universe, earn Alpha Launchpad’s incubated projects' tokens, and unlock specific features on Alpha products.
AlphaX is a decentralized, non-orderbook perpetual swap trading market, enabling leveraged short and long positions. Currently live on Testnet, AlphaX is the second Alpha Finance Lab product to launch on Ethereum.
Alpha Homora V2 allows users to leverage up to 10x on yield farm positions on Ethereum and Avalanche. On Ethereum, the product integrates with Curve, SushiSwap, Uniswap V2, and Balancer decentralized exchanges. On Avalanche, the product integrates with Trader Joe and Pangolin decentralized exchanges.
Alpha Homora is a lending market focused on leveraged yield farming and liquidity providing. Within its first 3 months, Alpha Homora has achieved significant product market fit and reached more than $500M in total value locked (TVL).
Alpha Homora, which is on Binance Smart Chain, is a protocol for leveraging your position in yield farming pools. BNB lenders can earn high interest on BNB, and yield farmers can get even higher farming APY from taking on leveraged positions on yield farming.
Alpha Launchpad is the first DeFi incubator program built by builders for builders. Alpha Launchpad is the only launchpad program that focuses on incubating DeFi projects from the ground up and driving significant growth post launch.
In a nutshell, Alpha Launchpad will multiply value accrual to Alpha stakers, grow the Alpha Universe, build key building blocks in DeFi, and grow talent and developer mindshare - Alpha Launchpad Website
Although Alpha Finance Lab was originally advertised as a new DeFi platform on Binance Smart Chain with its flagship product "Alpha Lending", the team soon rotated to Ethereum and launched Alpha Homora.
Alpha Lending is a decentralized lending protocol on Binance Smart Chain and the first product announced by Alpha Finance Lab. Currently live on Testnet.
Alpha Finance Lab is a DeFi Lab, and on a mission to build Alpha Universe. Alpha Universe includes the Alpha ecosystem, which consists of Alpha products that interoperate to maximize returns while minimizing risks for users, and other ecosystems incubated through the Alpha Launchpad incubator program.
What Is Alpha Finance Lab (ALPHA)?
Alpha Finance Lab is a cross-chain DeFi platform that looks to bring alpha to users across a variety of different blockchains, including Binance Smart Chain (BSC) and Ethereum.
The platform aims to produce an ecosystem of DeFi products that address unmet needs in the industry while remaining simple to use and access. The first product built by Alpha Finance Lab is Alpha Lending, a decentralized lending protocol with algorithmically-adjusted interest rates.
Leveraged yield-farming platform Alpha Homora was the second product launched by the platform, whereas AlphaX — a non-orderbook perpetual swap product — is scheduled to launch in 2021.
ALPHA is the native utility token of the platform. Token holders can earn a share of network fees by staking ALPHA tokens to cover any default loans. Other use cases for the token include liquidity mining and governance voting.
Alpha Finance Lab will implement governance via a decentralized autonomous organization (DAO) allowing ALPHA holders to vote on the specifics of future Alpha products, and decide how they interoperate. This governance procedure is split over two levels: product-level governance and finance-level governance, giving token holders a great deal of control over the future of Alpha.
Who Are the Founders of Alpha Finance Lab?
Alpha Finance Lab (ALPHA) launched in 2020, following a public token sale on the Binance Launchpad.
The platform was founded by Tascha Punyaneramitdee, Alpha Finance Labs' project lead and a former head of strategy at Band Protocol. Prior to her position at Alpha Finance Lab, Punyaneramitdee gained extensive experience working with global financial firms — most recently working as an investment banking analyst at Jefferies from 2017-2018, and product manager at technology giant Tencent from 2018 to 2020.
In addition to Punyaneramitdee, the Alpha Finance Labs core team also includes lead engineer and blockchain researcher Nipun Pitimanaaree, a graduate in Mathematics and Computer Science from Massachusetts Institute of Technology (MIT) who won a gold medal at the International Mathematical Olympiad (IMO) four years in a row.
In total, the Alpha Finance Labs team consists of at least seven members, according to its official LinkedIn page.
What Makes Alpha Finance Lab Unique?
Alpha Finance Lab looks to differentiate itself from other DeFi ecosystems by actively seeking, identifying and addressing unmet needs in the DeFi space with a breakneck development cycle.
Unlike other platforms, Alpha Finance Lab looks to ensure its solutions don’t just offer in-demand utility but are also user-friendly, helping to make DeFi more accessible. Each product developed by Alpha Finance Lab also acts to bolster the entire Alpha ecosystem, by providing additional utility for ALPHA token holders.
Alpha Finance Lab’s first products each claim to bring an entirely new solution to the market. Alpha Homora is the first platform to introduce the leveraged yield farming concept and with the launch of Alpha Homora V2 in 2021, it will introduce the first smart contract that is capable of borrowing from another smart contract (Cream Finance) in an under-collateralized way.
Moreover, once launched, AlphaX will become the first Uniswap/Sushiswap-style perpetual swap decentralized exchange without order books. This will allow more individuals to access the benefits of perpetual swaps (such as trading on leverage), without having to understand how they work in the background.
How Many Alpha Finance Lab (ALPHA) Coins Are There in Circulation?
The ALPHA token was initially launched with a circulating supply of 174.1 million tokens out of a total of 1 billion ALPHA.
According to Binance’s Alpha Finance Labs research paper, the total supply of ALPHA tokens is allocated as follows:
Binance Launchpad Sale: 10.00% of the total token supply
Binance Launchpool: 5.00% of the total token supply
Private Sale: 13.33% of the total token supply
Liquidity Mining: 20.00% of the total token supply
Team & Advisors: 15.00% of the total token supply
Ecosystem: 36.67% of the total token supply
Team tokens are locked until August 2021 and will be fully vested by March 2024.
How Is the Alpha Finance Lab Network Secured?
As an ERC-20 token, ALPHA is backed by one of the most robust and secure blockchain networks in popular usage — Ethereum. It is kept secure by its extensive proof-of-work (POW) mining network, which uses an army of dedicated miners to maintain the integrity of the network.
Although Alpha Finance Labs has dedicated developers and researchers, it also relies on external audits to ensure its smart contracts are secure. For example, Alpha Finance Labs has enlisted both PeckShield and Quantstamp to audit the smart contract code for Alpha Homora V2.
Where Can You Buy Alpha Finance Lab (ALPHA)?
As of January 2021, the ALPHA token is listed on just a handful of exchange platforms — including Binance and Uniswap.
There are currently no known fiat trading pairs for ALPHA, but you may be able to buy Bitcoin (BTC) with fiat, and then trade it for ALPHA on Binance.
