Alpha Homora vBSC Adds Leveraged BNB/XVS and BNB/FRONT Pools
We’re excited to announce Alpha Homora vBSC now supports leveraged yield farming pools of BNB/XVS (2.0x) and BNB/FRONT (2.0x) on PancakeSwap!
How do users benefit from leveraged pools on Alpha Homora vBSC?
As a quick reminder for anyone new to leveraged yield farming and/or Alpha Homora vBSC, we want to briefly highlight how users benefit from leveraged pools:
1) Earn CAKE from yield farming process (and higher CAKE APY from leverage).
2) Earn trading fees APY for providing liquidity to pools (and higher APY from leverage).
3) Earn additional liquidity mining rewards (ALPHA).
4) Optimized and automated yield farming process for users:
- Can farm CAKE with just one token (no need to have both BNB and FRONT / XVS).
- 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 to earn CAKE.
- CAKE earned can be automatically reinvested and added to your yield farming position.
You can reference our detailed step-by-step guide for more information on how to farm.
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.
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