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Alpha Finance Lab To Decrease Number Of ALPHA Distributed To Stablecoin Borrowers

Thu, 04 Feb 2021, 07:48 am UTC

Alpha Finance Lab tweeted to state that Alpha Homora V2 has seen a significant demand of borrowing stablecoins (USDT, USDC, DAI) to yield farm. In order to rebalance the demand of borrowing and supply of lending, it is going to decrease number of ALPHA distributed to stablecoin borrowers. This means the ALPHA APY will be lower for Curve 3pool and Balancer's PERP/USDC pool .

The change will go into effect on Feb 4th at 12:00 pm UTC.

Coinness

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