Step-by-step Guide

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

Yield Farmers 🧙🔒

To start yield farming:

  1. Go to Alpha Homora homepage.

  2. Connect your wallet.

  3. Select your desired yield farming pool.

  4. Specify the amount of assets and leverage to farm.

  5. Press OK and confirm your transaction.

That's it! Everything else is taken care by Alpha Homora for you.

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 ETH/USDT pool, you will get both ETH and USDT pool back)

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

  6. Press OK and confirm your transaction.

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

Liquidity Providers 🧙🔒

To start providing liquidity:

  1. Go to Alpha Homora homepage.

  2. Connect your wallet.

  3. Select your desired liquidity providing pool.

  4. Specify the amount of assets and leverage level.

  5. Press OK and confirm your transaction.

That's it! Everything else is taken care by Alpha Homora for you.

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 providing liquidity:

  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 ETH/USDT pool, you will get both ETH and USDT pool back)

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

  6. Press OK and confirm your transaction.

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

ETH Lenders 🧙⬆️

To lend ETH and earn interest:

  1. Go to Alpha Homora homepage.

  2. Connect your wallet.

  3. Click Earn on ETH tab and navigate to enter the amount of ETH to lend under Deposit ETH section.

  4. Press Convert and confirm your transaction.

Your wallet will receive a proportional amount of ibETH, representing your share of the supplied ETH in the pool.

To withdraw ETH lent:

  1. Go to Alpha Homora homepage.

  2. Connect your wallet.

  3. Click Earn on ETH tab and navigate to Deposit ETH box.

  4. Click the drop-down on ETH symbol and select ibETH and enter the amount of ibETH to withdraw ETH.

  5. Press Convert and confirm your transaction.

Your wallet will transfer ibETH to the protocol and receive ETH plus interest.

Liquidators 🧙💥

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 🧙💰💰

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 (3%).