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.
4/21 As a result, the app’s UI clearly states the AMM name to make sure users know which pool & which AMM they are leveraged yield farming on.

E.g. If “Uniswap’s USDC-USDT pool” is selected, the transaction will be executed on the USDC-USDT pool on Uniswap. Image
5/21 Note that the product is designed to not support optimal routing.

While optimal routing can be added as an add-on feature, the feature will bring technical complexity. We evaluated the added risks that come with this complexity & decided that the feature is not worth adding
6/21 Now, let us go through an example of *unfavorable* yield farming position on #AlphaHomoraV2.

👇
7/21 Step 1⃣: Supply liquidity

Alpha Homora V2 allows users to supply any combination of assets.

E.g. users can supply only USDC, only USDT, only the LP token of Uniswap's USDC-USDT, or a combination of these assets.

Let’s say Henry decides to supply 4,000,000 USDC. Image
8/21 Step 2⃣: Borrow assets

Alpha Homora V2 allows users to borrow multiple assets.

In this example, Henry can borrow only USDC, only USDT, or a combination of both.

Let’s say Henry selects 7x leverage and borrows 100% in USDC, or 24,000,000 USDC. Image
9/21 Step 3⃣: Read summary before confirming the transaction

All information, including a step-by-step breakdown, is displayed for Henry in the summary section, so he can decide whether to proceed forward. Image
10/21 From the summary, it's shown that Alpha Homora V2 would swap ~13,300,000 USDC to USDT to ensure Henry has equal value of both assets before supplying to the underlying AMM.

As you can see, this transaction is not optimal at all since a large amount needs to be swapped. Image
11/21 The “price slippage & trading fees” shown at the bottom also states that this transaction would go through 5.17% price slippage & trading fees.

This is not a favorable scenario, and we would not recommend this transaction. Image
12/21 So what should Henry have done instead? 👇
13/21 Let’s run through a similar example.

Step 1⃣: Supply liquidity

Henry supplies 4,000,000 USDC. Image
14/21 Step 2⃣: Borrow assets

Henry selects 7x leverage and borrows ~42% in USDC and ~58% in USDT, translating to borrowing 10,000,000 USDC and 14,000,000 USDT. Image
15/21 Step 3⃣: Read summary before confirming the transaction

From the summary, it is shown that Alpha Homora V2 would swap ~6,000 USDC to USDT (since USDC & USDT prices are not 1:1) to ensure Henry has equal value of both assets before supplying the funds to the underlying AMM. Image
16/21 As you can see, this transaction is favorable and preferred over the transaction in the first example.

Both the amount to be swapped (6,000 USDC) and the “price slippage & trading fees” (0.0001%) here are significantly lower than those in the first example. Image
17/21 The two examples above show that DeFi users should definitely read all the information shown on the app before confirming the transaction.

If there is any unclear information, users should reach out to the project team members to ask for clarification before proceeding.
18/21 As the DeFi landscape continues to grow and the complexity behind DeFi protocols increase, education becomes more important than ever.

At Alpha Finance Lab, we take educating users seriously, which is why we show all the information on Alpha Homora V2 application.
19/21 To continue doing our part better, we will iterate on the UX/UI to display all the information in an easy-to-digest way.

Since fine-tuning UX/UI is an ongoing process, please feel free to reach out to us if you have any feedback/suggestions along the way.
20/21 While we do our part in displaying as much information as we can in the easiest way possible, users definitely should also do their part in reading the information displayed on the app before confirming the transaction.
21/21 For the official blog post with more details, please see below.

blog.alphafinance.io/how-to-use-alp…

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More from @stellaxyz_

Mar 16, 2022
Homora V2 allows you to earn a great #return in any #market conditions.

Read these comics below to learn how #HomoraV2 make impossible…possible 👇

📚 Learn more about #Leveraged Yield Farming:
bit.ly/34RM5Ys Image
What about in the BULLISH scenario, how can you earn even more profit from the bull run 🐂🌬 Image
Last, but not the least, let’s apply this to the #altcoin / altcoin pools. Image
Read 4 tweets
Oct 12, 2021
$BETA, the first Alpha Launchpad project, has successfully been listed on @binance recently.

That means, by staking $ALPHA on Alpha Tokenomics now, you receive…

$ALPHA and $BETA…

Totaling to 🌟140% APY!🌟

Why so high? 👇
This APY comes from ALPHA (captured from Alpha protocol fees) and Alpha Launchpad tokens, or tokens of high quality projects that have gone through vetting and advising process by the #Alpha team.

Haven’t staked your ALPHA? 👇
Why wait, when you can stake now at a time when the Gas Fee on @Ethereum is low.

A user recently started staking and spent 🌟~22 USD🌟 for the gas fee!

Stake now at:
tokenomics.alphafinance.io

How does $BETA distribution to $ALPHA stakers work again? 👇
Read 5 tweets
Oct 12, 2021
Announcing the winners of the #AlphaBD Alpha 1-year Birthday campaign!

🎊Congratulations🎊

@GoodBoi07845937
@gjadjdta
@njoy3states
@lykhangky
@nidadada8
@HongyDUDE
@Ridi_real
@kienbinht
@holdmeplease88
@JackSoros3

Next Step👇 Image
Dear all 10 Winners,
You've made it! 👏👏👏
Please open Twitter DM permission, and we will message you on the next steps in receiving the prize.
How?
bit.ly/3oJ8T48 👈

Moving to the Final Round 👇
You are now moved to the final round to compete for our legendary prize, the Alpha Goodies Bag!

We will be randomly selecting only one from all the participants...

Who will win this Goodies Bag?

Will YOU be the only person who knows what’s inside?

🥁🥁🥁...

Final Round 👇 Image
Read 5 tweets
Oct 12, 2021
🍾 Welcome to the 2nd year of Alpha Finance Lab. We have prepared a roadmap and The Perfect Square Strategy that will take Alpha to the next growth stage.

Before that, let’s go down the memory lane to see what Alpha Finance Lab has been doing for the last 365 days.

Look back👇 Image
7 key developments in the Alpha Universe:

1. The First Leverage Yield Farming: The Alpha Homora
2. Alpha Homora V2
3. Alpha Tokenomics and Alpha Tiers
4. Alpha Launchpad: @beta_finance and @pStakeFinance
5. Alpha Metaverse
6. Alpha DAO
7. AlphaX

The Perfect Square Strategy 👇
Now, we are pushing forward with The Perfect Square Strategy to grow #Alpha to the next growth stage.

We are not aiming for a few percentage growth, but at 10x growth from here. It is not a question of whether we will get there, but a question of how soon.

First👇 Image
Read 8 tweets
Sep 6, 2021
1/8 Launching #AlphaBuyWall, a smart contract that allows bidders to bid for NFT & sellers to access liquidity without slippage!
buy-wall.alphafinance.io

Now supports:
1) #Loot @lootproject @dhof
2) #Bloot @beaniemaxi
3) @Pudgy_Penguins
4) @0n1Force
5) @coolcatsnft
6) @BoredApeYC
2/8 How is #AlphaBuyWall unique and useful for the community?

1⃣Provide price floor for all #NFTs
2⃣Instant liquidity for NFT sellers
3⃣No slippage
4⃣On-chain orderbook, transparent and fair for all.
5⃣No fee
6⃣No fake NFT
3/8 How to bid on #AlphaBuyWall?

Deposit $ETH, which will be locked on Alpha Buy Wall contract, to bid for floor #NFTs. If matched, you will exchange your ETH with an arbitrary NFT of the given collection.
Read 8 tweets
Sep 3, 2021
1/4 Join us on Twitter #Space today (Sep 3) at 2pm UTC!

What we'll cover
👉 Recap of #Alpha development
👉 Alpha's take on the future of #NFT
👉 Open floor discussion and Q&A Image
2/4
Our Twitter Space will help expand the pathway for the #AlphaWolves community to engage with the Alpha Team even further.

Alpha Wolves 🐺community can expect bi-weekly Twitter #Space sessions every month!
3/4
See the Alpha Calendar to learn more about community events and calls coming up! 🏃💨

funky-macaroon-e07.notion.site/58586c9edd7644…
Read 4 tweets

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