Proposing to distribute liquidity mining rewards in sALPHA instead of ALPHA [IMPLEMENTATION]

This proposal, if passed, would implement sALPHA distribution (represents a share of the ALPHA staked on Alpha Tokenomics) as a reward for the liquidity mining program instead of ALPHA.

Read the full proposal here: https://bit.ly/3lPVbtc

If implemented, eligible users in Alpha Homora V1 and V2 on Ethereum will receive liquidity mining rewards in sALPHA instead of ALPHA. Hence, this execution will accrue more rewards for users resulting from staked ALPHA on Alpha Tokenomics, which include ALPHA (from protocol fees captured from Alpha products) and Alpha Launchpad tokens (tokens of Alpha Launchpad incubated projects e.g. BETA, PSTAKE, etc.). Eligible users can still claim their rewards in the form of ALPHA through the withdrawal procedure on Alpha Tokenomics which requires an unstaking period of 30 days.

Alpha’s statement: This will clearly improve the Alpha Homora liquidity mining program a lot more so it will align with long-term incentives and growth of the Alpha Universe.

Quorum Number: 24M sALPHA (~15% of total current sALPHA)