Step-by-step guide

Here is guide on how to use Alpha Homora. Users can participate as Yield Farmers, BNB Lenders, Liquidators, or Bounty Hunters.

Yield Farmers πŸ§™πŸ”’

To start yield farming:

  1. Connect your wallet on the top right

  2. Select your desired yield farming pool

  3. Enter the amount of assets you would like to supply

  • Note that you don’t need to supply 2 assets if you don’t want to. You can proceed with just 1 asset (typically you would need to have roughly equal value of both assets to yield farm). Alpha Homora will optimally swap the token you supply to another token to make sure you have equal value of both assets before performing the yield farming process.

5. Enter the leverage level you want to enter at

  • Your risks and rewards increase as you increase the leverage. Read more about risks in the previous information series here.

6. Press OK and confirm your transaction.

Afterwards, Alpha Homora will perform leveraged yield farming for you (see below). APY and rewards will be realized when you close your position, as APY and rewards are automatically added to your position by Alpha Homora.

That's it! Everything else is taken care by Alpha Homora for you. APY and rewards will be realized when you close your position, as APY and rewards are automatically added to your position by Alpha Homora.

You can view your opened positions under Positions section on Alpha Homora homepage. To avoid liquidation, it is recommended to refill or close the position when your 'Kill Buffer' is in the red zone.

To adjust your position:

  1. Go to Alpha Homora homepage.

  2. Connect your wallet.

  3. Navigate to your opened position to adjust under Your Positions section.

  4. Click Refill on the right.

  5. Enter the amount of assets to add.

  6. Press OK and confirm your transaction.

To stop yield farming:

  1. Go to Alpha Homora homepage.

  2. Connect your wallet.

  3. Navigate to your opened position to close under Your Positions section.

  4. Click Close Position on the right.

  5. Select

    1. "Minimize Trading" if you want to get the underlying funds back in both tokens (e.g. if you are farming on BNB/BUSD pool, you will get both BNB and BUSD pool back)

    2. "Convert all to BNB" if you want to get everything back in BNB. With this option, Alpha Homora will convert the non-BNB token to BNB and return everything back to the user in BNB.

  6. Press OK and confirm your transaction.

You will receive your total position value, including rewards, after deducting the borrowing amount plus interest accrued.

BNB Lenders πŸ§™β¬†οΈ

To lend BNB and earn interest:

  1. Connect your wallet on the top right

  2. Click Earn on BNB tab

  3. Navigate to Deposit BNB section and enter the amount of BNB to lend

  4. Press Convert and confirm your transaction.

Your wallet will receive a proportional amount of ibBNB, or interest-bearing BNB token that represents your share of the supplied BNB in the lending pool on Alpha Homora (vBSC). ibBNB automatically accrues interest.

To withdraw BNB lent:

  1. Connect your wallet on the top right

  2. Click Earn on BNB tab

  3. Navigate to Deposit BNB section

  4. Click the drop-down on BNB symbol and select ibBNB

  5. Enter the amount of ibBNB to withdraw. ibBNB will be redeemed back to BNB with the accumulated accrued interest. Lenders will receive BNB and the accrued interest back.

  6. Press Convert and confirm your transaction.

Your wallet will transfer ibBNB to the protocol and receive BNB plus interest.

Liquidators πŸ§™πŸ’₯

To liquidate a position at risk:

  1. Go to Alpha Homora homepage.

  2. Connect your wallet.

  3. Click Positions tab and click Liquidate on position at risk.

  4. Confirm your transaction.

Your wallet will receive liquidation bonus if you successfully liquidate the account (the position's debt ratio is above the killFactor threshold).

Bounty Hunters πŸ§™πŸ’°πŸ’°

To reinvest farmed rewards for all Alpha Homora portfolio and earn bounty:

  1. Go to Alpha Homora homepage.

  2. Connect your wallet.

  3. Click Pool Status tab and click Reinvest on the desired pool.

  4. Confirm your transaction.

Your wallet will receive reward bounty proportional to the total reward reinvested (0.3%).