Getting Started

Alpha Homora is a product of Alpha Finance Lab. Alpha Homora is the first leveraged yield farming product in DeFi. Users can participate in Alpha Homora as Yield Farmers, Liquidity Providers, ETH Lenders, Liquidators, and Bounty Hunters.

Farm Section

Farm Pools

  • This is where the magic happens. Yield Farmers and Liquidity Providers select a pool they want to yield farm with leverage or provide liquidity 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 and liquidity providers get, refer to Protocol Users.

  • For detailed step-by-step guide for yield farmers and liquidity providers, refer to Step-by-step Guide.

Status

  • This is where Liquidators and Bounty Hunters can earn the rewards.

  • Liquidators earn 5% of the position value they liquidate.

  • Bounty Hunters earn 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.

Earn Section

Earn on ETH

  • This is where ETH holders can lend their ETH 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 ETH to yield farm/provide liquidity.

  • For more details on what ETH lenders get, refer to Protocol Users.

  • For detailed step-by-step guide for ETH lenders, refer to Step-by-step Guide.

Earn on Aave + ETH

  • "Earn on Aave + ETH” is an integration between Aave and Alpha Homora. Through Alpha Homora frontend, users will be able to lend assets on Aave, have those assets be used as collateral, borrow ETH from Aave, and lend ETH borrowed on Alpha Homora.

  • Since the deposit APY on ETH on Alpha Homora is higher than the borrow APY on ETH on Aave, you will already earn from this difference in addition to the deposit APY of other assets that you lend on Aave.

  • Everything is simplified for our Aave and Alpha Homora users, and they can follow 3 simple steps all from Alpha Homora frontend.

  • For more details and step-by-step guide, refer to this blog post.

Earn on Compound + ETH

  • "Earn on Compound + ETH” is an integration between Compound and Alpha Homora. Through Alpha Homora frontend, users will be able to lend assets on Compound, have those assets be used as collateral, borrow ETH from Compound, and lend ETH borrowed on Alpha Homora.

  • Since the deposit APY on ETH on Alpha Homora is higher than the borrow APY on ETH on Compound, you will already earn from this difference in addition to the deposit APY of other assets that you lend on Compound.

  • Since Compound is distributing COMP to both lenders and borrowers, users using this feature through Alpha Homora will also receive COMP tokens.

  • Everything is simplified for our users, and they can follow 4 simple steps all from Alpha Homora frontend.

  • For more details and step-by-step guide, refer to here.

ALPHA Section

ALPHA Pools

  • This is separate from the core functionality of Alpha Homora product offering.

  • ibETH/ALPHA pool allows lenders who are lending ETH on Alpha Homora (and receive ibETH back) to earn more from providing liquidity to the ibETH/ALPHA pool. Similarly, ALPHA token holders can earn from becoming a liquidity provider to this pool.

  • ETH holders who want to benefit from providing liquidity can do so by supplying to the "ibETH/ALPHA pool accepting ETH, ALPHA".

Swap

  • Since there is only ibETH/ALPHA pool on Uniswap, this is where users can swap between ETH to ALPHA and vice versa.

  • If you want to swap your ETH to ibETH to earn interest on ETH, you can also do it here.

Alpha Homora's smart contract can be found here.

PeckShield write-up can be found here.

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