Alpha Homora Brings Leverage Yield Farming Product to Avalanche | by Avalanche | avalanche

Today, Alpha Finance Lab deployed Alpha Homora V2 on Avalanche, DeFi’s first leveraged yield farming product. Since the launch of Alpha Homora in October 2020, the product has achieved significant user adoption and has become a go-to protocol for DeFi. With a set of unique and useful functionalities built into Alpha Homora V2, the new product further establishes itself as the first choice protocol for leveraged yield farming in DeFi.

With this launch on Avalanche, Alpha Homora V2 will overcome the gas fee barriers for many users, which can be much cheaper than the other networks. With almost 900M TVL already on Alpha Homora V2, users will find many opportunities for unique trading opportunities and liquidity in the market.

That’s how it works.

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. Thus, users can earn even higher APR/APY if they exceed the limit set by the DEX protocols.

For example, on Alpha Homora V2, you can deploy $100 worth of USDT.e and borrow $200 worth of AVAX. So if you combine both assets, you have a total of $300 in collateral. This is then used to leverage the yield farm where the reward is the $300 yield which is 3x the original APR/APY.

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

For those who prefer to lend their wealth and take limited risk compared to leveraged yield farmers, lending on Alpha Homora V2 is easy and more beneficial than other lending protocols. This is because there is high demand to lend these assets on Alpha Homora V2 powered by Leverage Yield Farmers resulting in a significantly high lending rate for the lenders.

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

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