1/7 Welcome @synthetix_io community to #AlphaHomoraV2!
Now supporting leveraged yield farming of
π ETH - $SNX pool on Uniswap
π ETH - $SNX pool on Sushiswap
π ETH - $sUSD pool on Sushiswap
along with SNX and sUSD tokens on the Earn/lending side.
blog.alphafinance.io/alpha-homora-vβ¦
Now supporting leveraged yield farming of
π ETH - $SNX pool on Uniswap
π ETH - $SNX pool on Sushiswap
π ETH - $sUSD pool on Sushiswap
along with SNX and sUSD tokens on the Earn/lending side.
blog.alphafinance.io/alpha-homora-vβ¦
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-vβ¦
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-vβ¦
3/7 What do users gain?
1β£ Earn trading fees APY (higher APY from leverage)
2β£ Earn $ALPHA (when >1x leverage)
3β£ Optimized and automated leveraged yield farming/liquidity providing process for users including being able to borrow both ETH and SNX, ETH and sUSD!
1β£ Earn trading fees APY (higher APY from leverage)
2β£ Earn $ALPHA (when >1x leverage)
3β£ Optimized and automated leveraged yield farming/liquidity providing process for users including being able to borrow both ETH and SNX, ETH and sUSD!
4/7 What are the risks?
Users are exposed to impermanent loss risk. The impermanent loss risk is amplified by the leverage level that users enter at.
Because of the impermanent loss risk + the fact that users are taking on leverage, users' positions also have liquidation risk.
Users are exposed to impermanent loss risk. The impermanent loss risk is amplified by the leverage level that users enter at.
Because of the impermanent loss risk + the fact that users are taking on leverage, users' positions also have liquidation risk.
5/7 Note that impermanent loss risk is minimal in a pool with all stablecoins (e.g. Curve 3pool that consists of USDT, USDC, and DAI)β.
6/7 For lenders:
Starting today, users can now lend $SNX and $sUSD on #AlphaHomoraV2 to earn from lending interest rate.
Lending interest rate comes from the borrowing interest rate that leveraged yield farmers pay for borrowing the assets from the lending pool to yield farm.
Starting today, users can now lend $SNX and $sUSD on #AlphaHomoraV2 to earn from lending interest rate.
Lending interest rate comes from the borrowing interest rate that leveraged yield farmers pay for borrowing the assets from the lending pool to yield farm.
7/7 For more details and the official blog post, please see below.
blog.alphafinance.io/alpha-homora-vβ¦
blog.alphafinance.io/alpha-homora-vβ¦
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