What is Homora V2?

Homora is Alpha Venture DAO’s Build first flagship product and DeFi’s first leveraged yield farming protocol. Since the first launch of Homora V1 in October 2020 on Ethereum, the product has reached significant usage and adoption such that we have expanded to Binance Smart Chain (BSC).
Later, our team continuously innovated, listened to community feedback, and recognized the need to launch Homora v2 with enhanced technology and functionalities starting on Ethereum. Homora V2 is now expanding to other chains to lower the barrier to entry and offer more leveraged yield farming opportunities for our users. Currently, Homora V2 is now available on 4 chains; Ethereum, Fantom, Avalanche, and Optimism.
There are a total of 3 parties who play an important role in Homora V2: Lenders, Yield farmers, and Liquidators
  • Lenders can lend many assets, e.g. ETH and USDT on Ethereum, FTM and fUSDT on Fantom, and AVAX and USDT.e on Avalanche, to earn a higher lending interest rate compared to most of the other lending protocols as the lending interest comes from leveraged yield farmers/liquidity providers who borrow these assets to yield farm/provide liquidity.
  • Yield farmers/Liquidity providers can perform leveraged yield farming/liquidity providing on many asset pairs and DEXes in their preference and get even higher farming APY and trading fees compared to traditional yield farming with no leverage. By taking on leverage, Homora would borrow the specified assets on behalf of the users to yield farm.
  • Liquidators can perform liquidation on active positions that are at a 100% debt ratio to earn up to 5% bounty incentives.

Homora V2 dApp:

Note that users can navigate through the Homora V2 dApp once connected with the supported wallet and can switch between available chains by toggling on the Mainnet network options.