Alpha Finance Lab successfully launched the Alpha Homora V2 on Avalanche, DeFi’s first leveraged farming yield solution. Since its introduction in October’ 20, Alpha Homora has gained substantial user acceptance and has established itself as a dependable DeFi protocol. Alpha Homora V2 has further positioned itself as the most obvious choice among leveraged liquidity supplying/ leveraged yield farming protocols in DeFi, thanks to a variety of unique and beneficial built-in functions.
With its debut on Avalanche, the Alpha Homora V2 is designed to remove the barrier of gas fees for users, which will be far less expensive than other connected networks. Customers will have lots of trade opportunities and market liquidity with over 900 million TVL currently on Alpha Homora V2.
Leverage Yield Farming
At Alpha Homora V2, the creative aspect of leverage yield farming allows cryptocurrency miners to use borrowed tokens as collateral for their yield farming tokens. As a result, users will be able to earn even more APR/APY than the DEX protocols allow.
For example, on Alpha Homora V2, users can supply $100 USDT.e and further borrow $200 AVAX. As a result, merging both assets will result in $300 in collateral assets. It will be then utilized to leverage yield farm, the incentive being the return on $300, resulting in a 3X APR/APY.
Lenders
Lending is easier and more profitable on Alpha Homora V2 than other lending protocols for people who wish to credit their assets and incur fewer risks than yield farmers. It is because leverage-yielding farmers have a huge demand for assets on Alpha Homora V2, resulting in a very high loan interest rate for lenders.
About Alpha Finance Lab
Alpha Finance Lab is basically a DeFi Lab with the aim to establish the Alpha Universe. The Alpha ecosystem comprises Alpha products that work together to optimize profits while reducing risks for consumers, and additional ecosystems multiplied through the Alpha Launchpad incubation program. Together, these make up the Alpha Universe.
Alpha Homora is the Alpha Finance Lab’s initial product and DeFi’s first leveraged yield farming product. It also fills a market need in lending and is among the best financial system’s major pillars.
About Avalanche
Avalanche, one of the quickest smart contract solutions designed for the blockchain industry, carries multiple Validators of any proof-of-stake protocol ensuring its activities. Avalanche is lightning quick, cheap, and environmentally friendly. Any smart contract-enabled application may surpass its competitors by launching on Avalanche.