Alpha Homora adds leveraged yield farming for ETH/SNX and ETH/sUSD pools on SushiSwap

Alpha Homora adds leveraged yield farming for ETH/SNX and ETH/sUSD pools on SushiSwap

So far in this week, Alpha Homora has launched support for oracle players and lending protocols.

Today, we continue to show support for Synthetix community by adding ETH/SNX and ETH/sUSD leveraged yield farming pools that are on SushiSwap.

  • ETH/SNX pool with 1.75x leverage
  • ETH/sUSD pool with 2.0x leverage

For those who prefer leveraged liquidity providing instead, they can also select 1.75x leverage ETH/SNX pool that is from Uniswap, which Alpha Homora has been supporting under 'Liquidity Providing' section.

So what do leveraged yield farmers gain?

  1. Earn ALPHA as a part of Alpha Homora Liquidity Mining (2A) program 💥
  2. Automatically stake SLP token for you on SushiSwap, so you can earn SUSHI
  3. Earn SUSHI on leverage
  4. SUSHI earned is automatically reinvested and added to your yield farming position
  5. Earn trading fees on leverage for providing liquidity to pools
  6. Can farm with just one token (e.g. no need to have both ETH and SNX for ETH/SNX pool)
  7. We will automatically and optimally swap roughly half of your supplied token to another token, so you can provide liquidity to the pool on Sushiswap to get a share of trading fees and get SLP token

For detailed step-by-step on how to farm, see here.

About Alpha Finance Lab

Alpha Finance Lab is an ecosystem of cross-chain DeFi products that will interoperate to bring optimal alpha returns to users. Alpha products focus on capturing unaddressed demand in DeFi in an innovative and user friendly way.

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