New update on #AlphaHomora: we have paused issuing new debts to the WETH-DPI farming pool in response to a potential security issue brought to us by @samczsun. You will still be able to farm with 1x leverage on WETH-DPI as well as on leverage on other Uniswap pools.
There has not been an attack. No funds are at risk, and we take security very seriously. The attack would have required the attacker to put up a lot of capital and cannot be done using flash loans.
While it is low-likelihood, we’ve decided to be on the safer side and disable issuing new debts on the WETH-DPI pool until further notice.
Security is our number one priority and we will continue to work with auditors to make sure everything is #SAFU. Other pools are safe due to their deep liquidity. We will publish a detailed explanation of the exploit method and mitigation plan soon.
On a side note, congratulations @samczsun on joining @paradigm! We've never been more impressed with such a swift and professional #ethereum security analysis. It's our pleasure to be working with you.

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More from @AlphaFinanceLab

20 May
Welcome @chainlink community to #AlphaHomoraV2!

Now supporting leveraged ETH - $LINK pools on Uniswap & Sushiswap and lending of $LINK token.

💸 Thanks to @SpookySwap on Fantom, Alpha Homora V2 users b/w May 20th 12am UTC-Jun 3rd 12am UTC will be eligible for $BOO tokens! 💸 Image
2/7 For Sushiswap's ETH-LINK pool, users would gain:

1⃣ $SUSHI APY (higher APY from leverage)

2⃣ Trading fees APY (higher APY from leverage)

3⃣ $ALPHA (when >1x leverage)

4⃣ Optimized and automated leveraged yield farming/liquidity providing process for users Image
3/7 For Uniswap's ETH-LINK pool, users would gain:

1⃣ Trading fees APY (higher APY from leverage)

2⃣ $ALPHA (when >1x leverage)

3⃣ Optimized and automated leveraged yield farming/liquidity providing process for users Image
Read 7 tweets
18 May
1/8 Welcome @indexcoop, @Uniswap, @SushiSwap communities to #AlphaHomoraV2! 🤝

Now supporting leveraged yield farming of
👉 ETH - $DPI pool on Uniswap
👉 ETH - $DPI pool on Sushiswap

and the following lending assets:
👉 $DPI
👉 $UNI
👉 $SUSHI
2/8 For users in these pools on Alpha Homora V1 on Ethereum:

Users in these pools on V1 can start migrating to V2 to earn ~2x the ALPHA rewards.

To learn how to migrate, see the step-by-step guide here: alphafinancelab.gitbook.io/alpha-homora-v…
3/8 For Sushiswap's ETH-DPI pool, users would gain?

1⃣ $SUSHI APY (higher APY from leverage)

2⃣ Trading fees APY (higher APY from leverage)

3⃣ $ALPHA (when >1x leverage)

4⃣ Optimized and automated leveraged yield farming/liquidity providing process for users
Read 8 tweets
18 May
1/7 Since the #AlphaHomoraV2 launch 5 days ago, we've been collecting feedback from the #AlphaWolf community.

Today, the improved user interface (UI) based on the feedback collected has been live!

blog.alphafinance.io/alpha-homora-v…
2/7 The UI that we have improved is on the last step before leverage yield farmers confirm their transaction.

Below shows the old user interface.
3/7 Below shows the new user interface.

Information is clearly separated into 3 parts.

1⃣breakdown of assets in your position

2⃣breakdown of APR

3⃣breakdown of price impact and slippage
Read 7 tweets
17 May
1/7 Welcome @synthetix_io community to #AlphaHomoraV2!

Now supporting leveraged yield farming of
👉 ETH - $SNX pool on Uniswap
👉 ETH - $SNX pool on Sushiswap
👉 ETH - $sUSD pool on Sushiswap

along with SNX and sUSD tokens on the Earn/lending side.

blog.alphafinance.io/alpha-homora-v…
2/7 For users in these pools on Alpha Homora V1 on Ethereum:

Users in these pools on V1 can start migrating to V2 to earn ~2x the ALPHA rewards.

To learn how to migrate, see the step-by-step guide here: alphafinancelab.gitbook.io/alpha-homora-v…
3/7 What do users gain?

1⃣ Earn trading fees APY (higher APY from leverage)

2⃣ Earn $ALPHA (when >1x leverage)

3⃣ Optimized and automated leveraged yield farming/liquidity providing process for users including being able to borrow both ETH and SNX, ETH and sUSD!
Read 7 tweets
17 May
1/21 Given the recent launch of #AlphaHomoraV2, we’d like to take this opportunity to educate our users again on

👉 how Alpha Homora works and
👉 how you should use it to maximize your gains

Must read for all yield farmers out there Image
2/21 General rule of thumb before we dive in:

As with any #DeFi product, DeFi users should do research, understand the products, and read the information displayed on the application before confirming any transaction.
3/21 What do you need to know to leveraged yield farm on #AlphaHomoraV2?

Alpha Homora V2 is a leveraged yield farming product that integrates with 4 AMM protocols.

This means the product adds leveraged functionality to the supported LP pools on the underlying AMM protocol.
Read 21 tweets
31 Mar
$ALPHA tokenomics is live!

👉 tokenomics.alphafinance.io

We’re excited to welcome all ALPHA token holders to officially join the #AlphaWolf Pack. 🐺

ALPHA stakers will earn protocol fees from Alpha’s entire product suite & unlock product features by using them as ALPHA stakers.
2/ Recap on how accrued fees on #AlphaHomora are distributed:

👉75% will be distributed to all ALPHA stakers in form of ALPHA tokens

👉5% will be for long-term developer grants, as Alpha continues to decentralize

👉20% will repay outstanding debt owed to @CreamdotFinance
3/ The 75% of the total fees accrued by the #AlphaHomora protocols will be proportionally distributed to all $ALPHA stakers.

Fee distribution will begin in 24-hours (from launch of ALPHA tokenomics).
Read 8 tweets

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