HomeCoinsAvalanche (AVAX)Alpha Homora Brings Leverage Yield Farming Product to Avalanche | by Avalanche...

Alpha Homora Brings Leverage Yield Farming Product to Avalanche | by Avalanche | Avalanche | Oct, 2021

- Advertisement -


Today Alpha Finance Lab has deployed Alpha Homora V2 on Avalanche, DeFi’s first leveraged yield farming product. Since launching Alpha Homora in October 2020, the product has reached significant user adoption and become a go-to protocol for DeFi. Through a number of unique and useful functionalities built-in to Alpha Homora V2, the new product further establishes itself as the go-to leveraged yield farming/leveraged liquidity providing protocol in DeFi.

With this launch on Avalanche, Alpha Homora V2 will break the gas fee obstacles for many users that can be much cheaper than on the other networks. With almost 900M TVL already on Alpha Homora V2, users will find plenty of opportunity for unique trading possibilities and liquidity in the market.

Here’s how it works.

Alpha Homora Brings Leverage Yield Farming Product to Avalanche | by Avalanche | Avalanche | Oct, 2021

The innovative side of leverage yield farming on Alpha Homora V2 allows crypto farmers to combine their yield farming tokens with borrowed tokens as collateral. So users can earn even higher APR/APY exceeding the limit set by DEX protocols.

For instance, on Alpha Homora V2, you can supply $100 of USDT.e and borrow $200 of AVAX. Therefore, by combining both assets, you will have a total of $300 of collateral assets. This is then used to leverage yield farm, in which the reward is the return on $300, translating into 3X of the original APR/APY.

Trader Joe offers yield farmers 86.2% APR on USDT.e/AVAX pool, by leverage yield farming this pool through Alpha Homora V2, you can earn more, such that 3X on 258.6% APR (86.2 x 3) is possible.

For those who prefer to lend their assets out and bear limited risks compared to leverage yield farmers, lending is easy and more beneficial on Alpha Homora V2 than other lending protocols. This is because there is a high demand to borrow these assets on Alpha Homora V2 driven from leverage yield farmers, leading to a significantly high lending interest rate for lenders.

With a powerful leveraging yield farming mechanism, Alpha Homora V2 not only redefines what yield farming can be but how it can become.



Source link

- Advertisement -
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,546FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 56,082.00
ethereum
Ethereum (ETH) $ 4,492.14
tether
Tether (USDT) $ 0.998179
bitcoin-cash
Bitcoin Cash (BCH) $ 558.41
litecoin
Litecoin (LTC) $ 199.88
eos
EOS (EOS) $ 4.00
okb
OKB (OKB) $ 27.48
tezos
Tezos (XTZ) $ 5.21
leo-token
LEO Token (LEO) $ 3.57
cardano
Cardano (ADA) $ 1.62
monero
Monero (XMR) $ 234.36
stellar
Stellar (XLM) $ 0.347997
chainlink
Chainlink (LINK) $ 25.16
huobi-token
Huobi Token (HT) $ 9.67
tron
TRON (TRX) $ 0.099995
usd-coin
USD Coin (USDC) $ 0.998622
dash
Dash (DASH) $ 176.63
neo
NEO (NEO) $ 37.15
iota
IOTA (MIOTA) $ 1.48
nem
NEM (XEM) $ 0.169082
zcash
Zcash (ZEC) $ 225.69
maker
Maker (MKR) $ 2,886.47
paxos-standard
Pax Dollar (USDP) $ 0.989835
ethereum-classic
Ethereum Classic (ETC) $ 46.59
vechain
VeChain (VET) $ 0.116142
true-usd
TrueUSD (TUSD) $ 0.996656
ftx-token
FTX Token (FTT) $ 48.42
kucoin-shares
KuCoin Token (KCS) $ 25.20
waves
Waves (WAVES) $ 20.96