Alpha Finance Lab

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.