Alpha Homora V2 brings leverage yield farming to Fantom
The advantage of Homora V2 on Fantom
Homora V2 seeks to be a one-stop-shop for all DeFi users, meaning that regardless of your risk profile and your level of DeFi knowledge, you’ll still be able to safely earn steady yields.
Lending for high APY offers users an attractive way to earn more than by just HODLing. Leveraged yield farming on Homora V2 incentivizes users to borrow, thus bringing higher interest rate returns to lenders. Initially, Homora will offer FTM, BTC, ETH, USDC, fUSDT, and DAI for users to lend.
On the other side of the trade, Homora V2 leveraged yield farms offer borrowers rewards that are unmatched anywhere else. These earning opportunities easily offset lending interest rates and make it advantageous for users to open leveraged positions.
Users have a variety of pools to choose from with different risk profiles; these include secure, quality pools like stablecoin/FTM, BTC/ETH, and FTM/ETH. More pools will be added as Homora V2 grows on Fantom.
Leverage yield farming for any market
One of the key strengths of Homora V2 is its ability to be adaptable to any market situation depending on the risk level preferences of users.
During bear markets, users will be able to short assets by leveraging over 2X. This is achievable on Homora V2 as users can supply any combination of assets when opening new farming positions, thus converting the additional borrowed assets into a synthetic short position (added to the supply-side).
For example, to short the stablecoin/FTM pool, users can supply only the stablecoin side and borrow FTM. The extra amount borrowed to reach over 2X leverage will be swapped automatically into the stablecoin to ensure a 50:50 ratio when supplying the liquidity pool.
Homora V2
Homora is the first flagship product incubated under Alpha Finance Lab deployed on the Ethereum network in October 2020. It is the largest multi-chain lending and leveraged yield farming protocol. Theur long-term vision is to be the go-to protocol across key chains and L2s that offers the highest yields and the safest environments. Homora V2 is currently available on Ethereum, Avalanche, Fantom, and more coming soon.
