When taking a look at the current derivative trading concepts applied on-chain, there are two main concepts. Unlike other platforms, AlphaX is an innovative way to make profits from crypto volatility. AlphaX is a product built by Alpha Finance Lab, the 2nd product in the Alpha DeFi ecosystem after Alpha Homora, also the Alpha Lending product. Let’s look at some other products that Alpha Finance Labs offers for investing. After providing the collateral, they are assigned an LTV ratio, according to which they can now borrow. Before a user can borrow, they need to first deposit supported assets to act as collateral. Once deposited, the user will get interest-bearing tokens representing the user’s share of tokens deposited. If the buyers want to be the lenders, they can choose to deposit their supported assets into the band protocol. The interest borrowers pay is distributed proportionally to the lending of the liquidity providers. Resources deposited by the lenders will be transferred into a smart contract aggregating the total liquidity of each coin into pooled funds from where borrowers can borrow. The first project of Alpha Lending is a decentralized finance, pool-based lending protocol where users can earn interest by supplying supported assets to the protocol. There is a load of products that ALPHA plans to bring to the users.
The Alpha finance’s level of governance will enable the ALPHA token holders to vote on how the portfolio of the Alpha products interoperates. Product-level governance will allow ALPHA token holders to vote on the key variables of the APLHA products. The same investment portfolio tokens can also be used for liquidity mining and governance of the network by voting.Īlpha Finance Lab is going to implement governance in two levels using a DAO. The holders of ALPHA can receive a share of the network fees simply by staking the ALPHA coins to cover any faulty loans. The native token for this investment platform will be the Finance Lab Alpha coin.
Alpha Finance Lab is a cross-chain platform (DeFi Space) that wants to build an ecosystem of products that can interoperate and bring alpha to users across several different blockchain networks, starting with Ethereum and Binance.
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