Alpha Finance is being listed on the Solstice Testnet! This means that starting on Day 5 of Solstice, users can trade Alpha perpetual markets with up to 20x leverage.
We have been tracking Alpha for quite a while and share a number of synergies together. Similar to Injective, Alpha also recently conducted a successful IEO on Binance and is playing an important role in the burgeoning DeFi sector.
Alpha aims to build an ecosystem of cross-chain DeFi products that will interoperate to bring optimal alpha returns to users. Alpha Finance’s first product called Alpha Homora is leveraged yield farming/liquidity providing protocol on Ethereum. Alpha Finance’s next product will be AlphaX, decentralized perpetual swap market built on both Ethereum and Binance Smart Chain.
Alpha will join a rapidly growing list of markets that have been added to Solstice which include Injective, Bitcoin, Ethereum, Binance Coin, Polkadot, Elrond, ChainLink, Uniswap, and Yearn Finance.
Injective’s current focus is to deliver a product that offers fully decentralized cross-chain derivatives trading. We are aiming to bridge together components of the DeFi ecosystem with the DEX sector as a whole. In pursuit of this goal, we aim to delve deeply into yield opportunities for our users through the introduction of new derivative products focused on yield.
In the coming weeks, we will be adding a plethora of new products on Solstice in order to demonstrate the unparalleled power and versatility of the Injective DEX. We have witnessed a massive surge in users, with thousands waiting to be onboarded onto Solstice. This listing will be a great opportunity for these users to access Alpha perpetual markets moving forward.
Note: If you are curious to learn more about Alpha and Injective, we also hosted a talk with Alpha Finance’s founder and CEO, Tascha Panpan. You can view this conversation on Binance IEOs, yield farming, and NFTs here.
About Injective Protocol
Injective Protocol is the first layer-2 decentralized exchange protocol that unlocks the full potential of decentralized derivatives and borderless DeFi. Injective Protocol enables fully decentralized trading without any restrictions, allowing individuals to trade on any derivative market of their choosing. Injective Protocol is backed by a prominent group of stakeholders including Pantera Capital, one of the most renowned venture capital firms in the world, and the leading cryptocurrency exchange, Binance.
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