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. Contributors are aiming to bridge together components of the DeFi ecosystem with the DEX sector as a whole. In pursuit of this goal, the plan is to delve deeply into yield opportunities for users through the introduction of new derivative products focused on yield.
In the coming weeks, a plethora of new products will be added on Solstice in order to demonstrate the unparalleled power and versatility of the Injective DEX. Since the release there has been 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, check out Injective's recent talk with Alpha Finance’s founder and CEO, Tascha Panpan. You can view this conversation on Binance IEOs, yield farming, and NFTs here.
Injective is a custom interoperable layer one protocol for building powerful exchange, DeFi, derivatives & Web3 applications. Injective was created using the Cosmos SDK and is able to achieve instant transaction finality while sustaining lightning fast speeds. INJ is the native deflationary scarce asset that powers the Injective Protocol and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by Pantera Capital.