Alpha Homora defies market slump, bolsters TVL and token price on v2 relaunch
The leveraged yield farming protocol looks to put multiple missteps in the past with a successful relaunch. After a rocky first quarter, decentralized finance (DeFi) platform Alpha Homora announced the relaunch of its v2 leveraged yield farming program today — and so far both traders and users are celebrating as both total value locked (TVL) and ALPHA token prices soar. The version 2 of the platform, which allows for leverage up to 7x on popular yield farming positions on protocols such as Sushi, Curve, and Balancer, notably had to shut down to new positions after a devastating hack in....
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Via its Twitter handle Alpha Finance Lab has announced the relaunch of Alpha Homora in its second iteration. To be deployed on Ethereum, the team behind this DeFi protocol has called the event a “milestone towards our mission to build and incubate an innovative Alpha ecosystem”. After the launch, Alpha Homora’s ecosystem could see an […]
ALPHA, the governance token of the Alpha Finance Lab and Alpha Homora ecosystem, is now the 85th biggest token in the market. ALPHA, the governance token of Alpha Finance Lab, has surged 152% in the past week. It is now the 85th most valuable cryptocurrency in the global market, breaking into the top 100 in a short period.Behind its meteoric rally are three key factors, namely the rapidly rising total value locked (TVL) of Alpha Homora, the overall positive market sentiment around DeFi, and the imminence of Alpha Homora v2.ALPHA/USDT 15-min price (Binance). Source: TradingView.comWhat is....
Iron Bank is ready to reenter the spotlight after the Alpha Homora hack, and plans are underway to take the lending protocol to new heights. In a press release today, C.R.E.A.M. Finance announced a new feature for (and, by proxy, an unofficial relaunch of) Iron Bank, the protocol-to-protocol lending platform designed for flash and undercollateralized loans. C.R.E.A.M., which founder Leo Cheng describes as “the yolo-est Compound fork,” is a money market designed to cover assets that are “underserved” and allow for greater capital efficiency for decentralized finance power users, listing....
Though a "prime suspect" has been identified, how will the protocol make itself whole? In one of the largest exploits of the DeFi era, this morning an attacker successfully drained over $37 million from Alpha Homora by leveraging Cream’s Iron Bank protocol-to-protocol lending platform. Alpha Finance Lab, whose protocol was audited by Quantstamp and Peckshield, announced on Twitter this morning that they were aware of an attack, that the “loophole” that allowed it had been patched, and that the team had a “prime suspect”:Dear Alpha community, we've been notified of an exploit on Alpha....
In the midst of the recent days’ downtrend, there are still open opportunities for profits in the Ethereum ecosystem. Alpha Finance Lab team has announced its tokenomics with staking rewards for its users and new products based on the Alpha Homora protocol: ALPHA token holders will benefit from the growth of all Alpha products, which […]