Since the Alpha Homora V2 launch 5 days ago, we have been collecting feedback and suggestions from the Alpha Wolf community. Among many other things that we are working on, we’ve also been iterating on the feedback related to the user interface to ensure that we show the necessary information in the easiest way possible.
Today, the improved user interface has been live on Alpha Homora V2.
Old vs. New User Interface
The UI that we have improved is on the last step before leverage yield farmers confirm their transaction.
Old User Interface
Below shows the old user interface.
New User Interface
Below shows the new user interface.
With the new user interface, information is clearly separated into 3 parts.
- Part 1 shows the breakdown of assets in your position
- Part 2 shows the breakdown of APR
- Part 3 shows the breakdown of price impact and slippage
Since “price impact” may mean different things to different people, the new user interface makes sure to clarify this on the application.
Price impact is the effect your trade has on the market, causing price to slip during the trade. Price impact can be affected by large volume swaps. The larger the price impact, the larger the losses. This number has already included trading fees.
The new UX/UI also shows two price impact numbers - “price impact on position value” and “price impact on user’s supplied value”.
Price impact on position value is calculated based on the whole position value (supplied + borrowed capital).
Price impact on user’s supplied value is calculated based on the user’s actual supplied capital (not including borrowed capital).
As the DeFi landscape continues to grow and the complexity behind DeFi protocols increase, education becomes more important than ever.
At Alpha Finance Lab, we take educating users seriously, which is why we show all the necessary information on Alpha Homora V2 application.
Since fine-tuning UX/UI is an ongoing process, please feel free to reach out to us if you have any feedback/suggestions along the way.
While we do our part in displaying as much information as we can in the easiest way possible, users definitely should also do their part in reading the information displayed on the app before confirming any transaction.
About Alpha Finance Lab
Alpha Finance Lab is a DeFi Lab and on a mission to build an ecosystem of DeFi products (the Alpha ecosystem), consisting of innovative building blocks that capture unaddressed demand in key pillars of the financial system. These building blocks will interoperate, creating the Alpha ecosystem that will be an innovative and more capital efficient way to banking in DeFi.
Alpha Homora is Alpha Finance Lab’s first product and DeFi’s first leveraged yield farming product that captures the market gap in lending, one of the key pillars of the financial system.