What Is Alpha Finance Lab (ALPHA)?

Alpha Finance Lab (ALPHA) is a cross-chain decentralized protocol which plans to drive DeFi and cross-chain liquidity. The platform is also a blend of specific digital trading tools that seeks to focus on increasing returns and minimizing risks for users. The protocol is built on the Binance Smart Chain, seeking to focus on building the Alpha universe to reduce downside risks for users within the ecosystem. 

Cross-chain is the ability of two independent blockchains to communicate with one another. Alpha Products are built after in-depth research of the problems and evaluating market gaps to propose a suitable solution. As per the whitepaper, there is a restriction in demand for DeFi for several reasons. First, Ethereum’s composable nature gave rise to multiple DeFi products, including lending, token derivative assets that mimic the value of other assets. While these DeFi products interoperate within the Ethereum ecosystem, the unaddressed demand for DeFi on other blockchain platforms continues to grow at a rapid pace. Thus, the current need for DeFi is restricted by scalability issues. Alpha Finance Lab aims to focus on strengthening the DeFi space, making the products more user-friendly, and bringing more people to DeFi. 

To onboard the general population to DeFi, the platform launched Alpha Lending. Users seek to earn yield on their digital assets by supplying them (assets) to the protocol. Additionally, to seek to reduce risks for users, the platform launched the Alpha launchpad. Alpha launchpad focuses on upgrading the talent and strengthening key building blocks in DeFi. The protocols released through Alpha platform seek to benefit users by providing them with a share of their protocol fees. 

ALPHA is the governance token created to integrate the whole Alpha ecosystem. The token aims to be a core utility token across a portfolio of Alpha products, including staking and reward sharing. The token also facilitates users to access the long-term Web3 community. Web3 is a concept for a new iteration of the World Wide Web that incorporates blockchain technology. 

History of Alpha Finance Lab (ALPHA)

Tascha Punyaneramitdee and Nipun Pitimanaaree lead Alpha Finance Lab. Punyaneramitdee is the cofounder and project lead at Alpha Finance Lab. Pitimanaaree is the lead blockchain engineer and had worked at OZT Robotics as the chief research officer before joining Alpha Finance Lab. Alpha Finance Lab was founded in 2020, and the token has a maximum total supply of 65,000,000 tokens.