While we’ve covered Alpha Homora in a previous article, today we’ll look at a three of their numerous developments, including the new farming pools. Quick reminder, Alpha Homora’s distinctiveness is allowing you to ‘Unlock Your Yield Farm 2.5x’ or in simpler terms, it allows you to leverage your liquidity that you provide to Uniswap or Sushiswap.
There are three product categories that we’ll cover today:
The first is the leveraged farms. These offer up to a 2.5x leveraging opportunity and lots of farming pairs, including an ETH/PICKLE farm suggested by our own Gabriel Haines which auto-sells harvested Pickle to build a larger position in the pool. That particular pool is not available at leverage, however.
The second product is their Earn On ETH, which has zero risk of impermanent loss, but you’re still exposed to risk of smart contract exploits or bugs. This converts your ETH to ibETH (Interest-bearing Ethereum) and according to the utilization, rates change. Presently it’s at 8.76% APY, but a few hours ago it was over 30%.
The third product is the one everyone’s excited about, and that’s the Alpha mining, which starts in 7 hours from the time of writing. Technical details about the Liquidity Mining can be read in their documentation. We don’t yet know the APYs of this farming opportunity, but the expectation is for a significant risk of impermanent loss with this one.
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