Alpha Homora

Background Information About Alpha Homora

It is a product of Alpha Finance Lab where users can participate as yield farmers, liquidity providers, ETH lenders, liquidators, and bounty hunters.

Alpha Homora is the go-to aggregate yield farming protocol that brings a better user experience and maximizes alpha on your yield farming positions with its unique features, such as optimal swap functionality, loss-minimizing/gas-saving features, and automatic reinvestment functionality.

How to Set up Your Wallet at Alpha Homora?

To make transactions at Alpha Homora, you need to connect to an Ethereum wallet. Once you have an Ethereum wallet, visit the website of Alpha Homora, and click on the “Connect to Wallet” button available on the right-hand side top corner of the webpage. A pop-up will appear showing the list of wallets available. These wallets secure the private keys to your crypto and enable you to authorize transactions and view balance on the Ethereum blockchain.

Alpha Homora supports multiple wallets including MetaMask, WalletConnect, Coinbase Wallet, Formatic, among others. You can select the wallet that best fits your needs.

How to Start Yield Farming at Alpha Homora?

Follow the below process to start yield farming at Alpha Homora:

i) Visit the website of Alpha Homora, and click on the “Connect Wallet” button available on the right-hand top corner of the homepage.  

ii) After connecting to your wallet, select the desired yield farming pool.

iii) Enter the number of assets and leverage to farm.

iv) Click on the “OK” button and confirm your transaction.

To view your opened positions at Alpha Homora, go to the “Positions” section on the homepage. To avoid liquidation, it is advised to refill or close the position when your “Kill Buffer” is in the red zone. 

How to Adjust Your Position at Alpha Homora?

i) Head on to the homepage of Alpha Homora.

ii) Connect to your wallet and navigate to your open position to adjust the positions under the “Your Positions” section.

iii) Click on the “Refill” button

iv) Enter the number of assets to add

v) Click on the “OK” button and confirm your transaction

How to Stop Yield Farming at Alpha Homora?

i) Go to the homepage of Alpha Homora and click on “Connect to Wallet.”

ii) After connecting to the wallet, navigate to your opened positions to close under the “Your Positions” section.

iii) Click on the “Close Position” button on the right.

iv) If you want to get the underlying funds back in both tokens, select “Minimize Trading.” (For example, if you are farming on the ETH/USDT pool, you will get both ETH and USDT pools back).

If you want to get everything back in ETH, then you have to select “Convert all to ETH.” With this option, Alpha Homora will convert the non-ETH token to ETH and return everything back to the user in ETH.

v) Click OK and confirm your transaction.

Once your transaction gets completed, you’ll receive your total position value after deducting the borrowing amount plus interest accrued.

How to Start Providing Liquidity at Alpha Homora?

Follow the below step-by-step process to start providing liquidity at Alpha Homora

i) Visit the website of Alpha Homora, and click on the “Connect Wallet” button.

ii) After connecting to your wallet, select the desired liquidity-providing pool.

iii) Enter the number of assets and leverage level.

iv) Click “OK” and confirm your transaction.

You can view your opened positions under the “Positions” section on the homepage. 

How to Lend ETH and Earn Interest at Alpha Homora?

i) Go to the homepage of Alpha Homora homepage and connect to your wallet.

ii) Click on the “Earn on ETH” tab and navigate to enter the amount of ETH you want to lend under the “Deposit ETH” section.

iii) Click on “Convert” and confirm your transaction.

iv) Your wallet will receive a proportional amount of ibETH, representing your share of the supplied ETH in the pool.