Homora V2, the most extensive multi-chain lending and leveraged yield farming protocol, which is accessible on Fantom, Initially rolled out on Ethereum in October 2020, Homora is the primary flagship product nurtured by Alpha Finance Lab. Homora V2 has subsequently accomplished nearly $1 billion TVL across various chains, including Ethereum, BSC, and Avalanche.
Many of you might be acquainted with yield farming, but Homora V2 will enable you to garner even more rewards with leveraged yield farming opportunities.
Homora V2 enables borrowers to initiate undercollateralized leveraged positions and furnish liquidity with adaptable combinations of assets, creating prospects with outstanding APY. To commence the launch on Fantom, Homora has meticulously selected numerous high-quality and high-yield pools from top DEXs like Spookyswap for users to farm.
|Note: Homora is supported by extensive documentation and the Alpha Lab illustrated guide aimed at novice and seasoned DeFi users.
The benefit of Homora V2 on Fantom
Homora V2’s aspiration is to be the all-in-one destination for all DeFi users, signifying that irrespective of your risk profile and your level of DeFi knowledge, you’ll still be able to securely earn consistent yields. Lending for high APY provides users with an appealing method to earn more than merely by holding. Leveraged yield farming on Homora V2 motivates users to borrow, thereby bringing higher interest rate returns to lenders. At the beginning, Homora offers FTM, BTC, ETH, USDC, fUSDT, and DAI for users to lend.
On the other side of the transaction, Homora V2 leveraged yield farms offer borrowers rewards that are unparalleled elsewhere. These earning opportunities easily counteract lending interest rates and make it advantageous for users to open leveraged positions.
Users have a plethora of pools to select from with diverse risk profiles; these encompass secure, top-notch pools like stablecoin/FTM, BTC/ETH, and FTM/ETH. Additional pools will be appended as Homora V2 expands on Fantom.
Leverage yield farming for any market
One of the principal strengths of Homora V2 is its adaptability to any market situation contingent on the risk level preferences of users.
During bear markets, users will have the capability to short assets by leveraging over 2X. This is attainable on Homora V2 as users can provide any blend of assets when initiating new farming positions, thus transforming the additional borrowed assets into a synthetic short position (included on the supply side). For instance, to short the stablecoin/FTM pool, users can provide solely the stablecoin side and borrow FTM. The additional amount borrowed to achieve over 2X leverage will be automatically swapped into the stablecoin to guarantee a 50:50 ratio when providing liquidity to the pool.
In bullish scenarios, users can establish long positions by providing the bullish token instead and leveraging the stablecoin over 2x. Yield farmers seeking medium/low-risk strategies can alternatively leverage up to 2X and only borrow stablecoins for farming. Since stablecoin volatility is invariably lower than altcoins, users farming with leveraged stablecoins will be more prone to remain below the debt ratio. Regardless of volatility, however, users should routinely monitor their positions to avoid liquidation risk.
About Homora V2
Homora is the inaugural flagship product incubated beneath Alpha Finance Lab deployed on the Ethereum network in October 2020. It is the most extensive multi-chain lending and leveraged yield farming protocol. Our enduring vision is to be the preferred protocol across key chains and L2s that offers the highest yields and the safest environments. Homora V2 is currently accessible on Ethereum, Avalanche, Fantom, and more arriving soon.