Alpha Homora (ALPHA) Is Coming to Binance Smart Chain (BSC)
This move is a part of Alpha Finance Lab’s mission to capture unaddressed demand and lead DeFi through the next growth phase.
Alpha Homora v1 will be launching on Binance Smart Chain (BSC) in the coming weeks.
This launch will allow DeFi users to earn a high lending interest rate on BNB and take leveraged yield farming positions on PancakeSwap.
BSC has been growing, at times even surpassing the transactions on the Ethereum network, that too with cheap fees. This has a high demand to take leveraged yield farming positions on the blockchain, and Alpha Homora aims to capture this opportunity.
As the DeFi landscape continues to grow at a rapid pace, Alpha Finance will evaluate the market gaps on different blockchains, including Ethereum, BSC, other chains, and other L2 solutions so that opportunities are captured, and Alpha products are innovated accordingly, says the team. The team noted,
“With the upcoming ALPHA tokenomics and the multi-chain Alpha ecosystem in the building, ALPHA token holders will play a pivotal role and benefit from this high growth.”
As the team works towards its vision to become a forefront, multi-chain DeFi ecosystem, the token ALPHA is enjoying an uptrend. The price of ALPHA has soared about 19% in the past 24 hours to $1.92, recording more than 770% gains YTD.
In other news, the staking of the token ALPHA will be going through a security review as well, announced the team this week to make the Alpha ecosystem more secure, drive DeFi security forward, and set a new standard for many other DeFi projects. The team emphasizes,
“As Alpha Finance Lab is an innovative DeFi lab, we're building multiple DeFi products to capture unaddressed demand and lead DeFi through the next growth phase.”
A few days back, Alpha also partnered with another project, Compound Finance, with its “Earn on Compound + ETH” feature, allowing users to earn more. Support for WalletConnect, Coinbase Wallet, Fortmatic, and Portis has also been announced.