Alpha Homora Adds PICKLE and KP3R Yield Farming Pools
Welcome PICKLE and KP3R communities to Alpha Homora, as we now support yield farming of ETH/PICKLE and ETH/KP3R pools on Uniswap!
Since PICKLE and KP3R are new tokens, we will not enable leverage functionality yet as there is not enough data to run simulations on to make sure our users will be safe.
What do Alpha Homora yield farmers gain from yield farming on PICKLE and KP3R pools?
🥒 PICKLE pool
- You can farm with just PICKLE.
2. Alpha Homora will automatically and optimally swap roughly half of your PICKLE to ETH and provide liquidity to ETH/PICKLE pool on Uniswap for you, so you get a share of trading fees and UNI-v2 LP token.
3. Alpha Homora will automatically stake UNI-v2 LP token on pickle.finance for you, so you can earn PICKLE.
4. Alpha Homora will automatically reinvest PICKLE for you, increasing your yield farming position.
When reinvestment takes place, half of PICKLE farmed will be sold to ETH. You will then have more ETH-PICKLE added to your farming position.
KP3R Pool
- You can provide liquidity to Uniswap with just KP3R.
2. Alpha Homora will automatically and optimally swap roughly half of your KP3R to ETH and provide liquidity to ETH/KP3R pool on Uniswap for you, so you get a share of trading fees.
For detailed step-by-step on how to farm, see here. If you want to read more about Alpha Homora, see our documentation 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.
Alpha Homora, which is on Ethereum, is a protocol for leveraging your position in yield farming pools. ETH lenders can earn high interest on ETH, and yield farmers can get even higher farming APY from taking on leveraged positions.
