What is alToken (Alpha Finance)?

When an Alpha Lending Protocol user deposits an asset (like BNB), they in turn mint an alALPHA token (like alBNB) which is an interest-bearing asset that represents their initial deposit. The initial deposit is transferred into a smart contract that aggregates the total liquidity of each asset into a pooled fund that is available for borrowing. Then the interest borrowers pay is divided proportionally amongst liquidity providers.