Alpha Homora (vBSC) adds leveraged BNB/UNI and BNB/YFI pools
Alpha Homora (vBSC) has been expanding quickly with more than $250M total value locked. The product will now expand to supports leveraged yield farming pools of BNB/UNI (3.0x) and BNB/YFI (3.0x) on PancakeSwap!
How do users benefit from leveraged pools on Alpha Homora (vBSC)?
- Earn CAKE from yield farming process (higher CAKE APY from leverage)
- Earn trading fees APY for providing liquidity to pools (higher APY from leverage)
- Earn additional liquidity mining rewards (CAKE and ALPHA)
- Optimize and automate yield farming process for users
- Can farm CAKE with just one token (e.g. no need to have both BNB and UNI / YFI)
- In this case, we will automatically and optimally swap roughly half of your supplied token to another token so you can provide liquidity to the pool on PancakeSwap to collect a share of trading fees and LP token(s)
- Automatically stake LP token(s) for you on PancakeSwap, so you can earn CAKE
- CAKE earned can be automatically reinvested and added to your yield farming position
For detailed step-by-step on how to farm, see here.
About Alpha Finance Lab
Alpha Finance Lab is an ecosystem of DeFi products that will interoperate to maximize returns while minimizing downside risks for users. Each Alpha product focuses on capturing unaddressed demand in DeFi in an innovative and user friendly way.
Join our Telegram/Discord for the latest updates, follow us on Twitter, or read more about us on our Blog and Document!