Aavegotchi ALPHA

Overview

ALPHA is the governance token of Alpha Finance Lab, a DeFi ecosystem builder that aims to develop cross-chain DeFi products. The token provides governance rights and revenue sharing from protocol fees.

Purpose and Utility

The primary utility of ALPHA includes governance voting rights over protocol parameters and development decisions, as well as revenue sharing from protocol fees generated across Alpha Finance Lab's products. Token holders can stake ALPHA to earn a portion of protocol revenues.

Business Model Analysis

Alpha Finance Lab's ecosystem consists of various DeFi products, including Alpha Homora (leveraged yield farming), Alpha X (perpetual swaps), and other DeFi solutions. The business model primarily relies on collecting fees from these services, which are partially distributed to ALPHA stakers.

Development and Adoption

The project maintains active development with regular updates and improvements to its ecosystem products. The platform has achieved significant adoption within the DeFi space, with substantial total value locked (TVL) across its products.

Token Distribution

ALPHA tokens were distributed across various stakeholders including team members, investors, and the community. The project implemented vesting schedules for team and investor allocations to ensure long-term alignment of interests.