Ticker | ALPHA |
---|---|
Initial Circulating Supply | 174,136,442 ALPHA (17.41%) |
Total Token Supply | 1,000,000,000 ALPHA |
Binance Launchpool Allocation | 50,000,000 ALPHA (5.00%) |
Binance Launchpad Sale Allocation | 100,000,000 ALPHA (10.00%) |
Binance Launchpad Sale Price | 0.02 USD / ALPHA |
Binance Launchpad Sale Amount Raised | 2.00MM USD |
Alpha Finance Lab is a cross-chain DeFi platform, focusing on building an ecosystem of products that will interoperate and bring alpha to users across different blockchains starting with Binance Smart Chain (BSC) and Ethereum.
Alpha Lending, the first product built by Alpha Finance Lab, is a decentralized lending protocol with algorithmically adjusted interest rates.
The ALPHA token is the native utility token of the platform. Token holders can earn a share of the network fees by staking ALPHA tokens to cover any default loans. The ALPHA tokens can also be used for liquidity mining and governance voting.
Alpha Finance Lab will implement governance on two levels via a Decentralized Autonomous Organization (DAO): product-level governance and Alpha Finance-level governance. Product-level governance will allow ALPHA token holders to vote on key parameters of specific Alpha products. Alpha Finance-level governance will allow ALPHA token holders to vote on how the portfolio of Alpha products interoperate.
Alpha Finance Lab is a DeFi platform that is building an ecosystem of products that will interoperate across both BSC and Ethereum.
The project's first product, Alpha Lending, is a decentralized, pool-based lending protocol. Users can earn interest by supplying supported assets on the protocol. Assets deposited by lenders will be transferred into a smart contract that aggregates the total liquidity of each asset into a pooled fund, which is available for borrowers to borrow. The interest borrowers pay is distributed proportionally to lending liquidity providers.
Source: Alpha Finance Lab Whitepaper.
Source: Alpha Finance Lab Whitepaper.
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 (such as alBNB), which are interest-bearing tokens that represent the user’s share of his/her BNB deposited. Interest the lender receives is accrued every block on BSC.
Source: Alpha Finance Lab Whitepaper.
Before a user can borrow, he/she has to first deposit assets that can be used as collateral on the protocol. Upon depositing such assets, the user receives alTokens. Each asset that can be used as collateral has an assigned Loan-To-Value (LTV) ratio. For instance, if the LTV for BNB is 75%, the user who deposits and uses BNB as collateral can borrow any asset up to 75% of the value of BNB deposited.
The asset utilization rate, or how much of the total deposited amount is borrowed, will determine the interest rate borrowers pay. In general, a higher utilization rate corresponds to a higher cost of borrowing.
Source: Alpha Finance Lab Whitepaper.
A borrower bears the risk of liquidation when the total value of borrowed assets exceeds the maximum value the user can borrow. Due to the volatile nature of asset prices, users are recommended to borrow at a value less than the maximum value that they can borrow to avoid liquidation.
An overview of the project's overall technical infrastructure is shown below:
Source: Alpha Finance Lab Whitepaper.
Lending Pool Contract: handles user behaviors within the lending pool, including functions like deposit, borrow, repay, withdraw and liquidate.
Lending Pool Configurator: provides configuration functions for Lending Pool and implements the configuration of token pools, including pool configuration and interest rates calculation.
alToken Contract: manages the minting and burning of alTokens. alToken represents a user’s lending position or the share of deposited amount to total liquidity of that asset.
Price Oracle: responsible for querying the latest price of an asset from BandChain.
Token Name | ALPHA |
---|---|
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 |
Token Name | ALPHA |
---|---|
Private Sale Allocation | 133,333,334 ALPHA |
Private Sale Token Price | 0.0125 USD / ALPHA |
Amount Raised Private Sale | 1.67MM USD |
Binance Launchpad Sale Allocation | 100,000,000 ALPHA |
Binance Launchpad Sale Token Price | 0.02 USD / ALPHA |
Binance Launchpad Sale Amount Raised | 2.00MM USD |
As of writing, the Alpha Finance Lab team has used approximately 20.00% of funds raised according to the allocations below:
The Alpha Finance Lab team holds its funds in stablecoins and fiat currencies. Funds are stored in multisig-wallets and USD bank accounts. Movement of funds requires the approval of 2 executives of Alpha Finance Lab.
The ALPHA token has the following planned and current use cases:
Planned Date | Milestone | Comments |
---|---|---|
2020: Q3 | Launch of Alpha Lending testnet | Announcement |
2020: Q4 | Launch of Alpha Lending mainnet | N/A |
Products are in active stealth development and will be announced just prior to product launches.
Alpha Finance Lab aims to develop a global community. While the core team is mostly based in Asia, Alpha Finance Lab aims to expand their reach with an incentive program for builders to join and contribute to the project.
Discord | 48 Members
Twitter | 264 Followers
Telegram | 126 Members
Telegram Announcement | 13 Members
Blog