Alpha Homora is a product of Alpha Finance Lab. Alpha Homora is the first leveraged yield farming product in DeFi first deployed on Ethereum. Now, Alpha Homora is also available on Binance Smart Chain (BSC).
Users can participate in Alpha Homora as Yield Farmers, Liquidity Providers, BNB Lenders, Liquidators, and Bounty Hunters.
This is where the magic happens. Yield Farmers select a pool they want to yield farm with leverage.
To understand where the APY for each pool comes from, refer to Where Does APY Come From For Each Pool?
For more details on what yield farmers get, refer to Protocol Users.
For detailed step-by-step guide for yield farmers, refer to Step-by-step Guide.
This is where Liquidators and Bounty Hunters can earn the rewards.
Liquidators earn 1% of the position value they liquidate.
Bounty Hunters earn 0.3% of the total rewards (farmed tokens) they help reinvest.
For more details on what liquidators and bounty hunters get, refer to Protocol Users.
For detailed step-by-step guide for liquidators and bounty hunters, refer to Step-by-step Guide.
This is where BNB holders can lend their BNB and earn very high lending interest rate.
The lending interest rate comes from the interest rate that leveraged yield farmers/liquidity providers pay for borrowing these BNB to yield farm/provide liquidity.
For more details on what BNB lenders get, refer to Protocol Users.
For detailed step-by-step guide for BNB lenders, refer to Step-by-step Guide.
Alpha Homora (vBSC) contract: https://github.com/AlphaFinanceLab/alphahomora-bsc
Alpha Homora (vBSC) audit report: https://github.com/AlphaFinanceLab/alphahomora-bsc