Alpha Finance Lab announced a new version of Homora that will launch in partnership with some famous DeFi platforms. Cream Finance, SushiSwap, Curve, and Balancer are the official partners of this version named Alpha Homora V2. A new logo, new user interface, new functionalities, and new integrations are parts of the Alpha Homora V2 release. The Lab hopes that these new partnerships help the app find many new users.
Another Strategic Partnership in the DeFi World
Alpha Homora V2 is going to be one of the core products of the Alpha Finance Lab project. This application that works as a yield farming aggregator has partnered with new DeFi platforms that result in more services for the final users. But Homora V2 will not be the only application from the Alpha Finance Lab. They focus on releasing more services to help the DeFi world in the growth path.
DeFi platforms like Curve are satisfied with the new partnership and hope the application will ease their users’ functions. Charlie, project lead of Curve, said:
“It’s been a pleasure working closely with the Alpha Finance Lab team to integrate Alpha Homora V2 with Curve. Alpha is a great project with many use cases to further improve the DeFi ecosystem. Looking forward to Alpha Homora V2 launch and more collaboration!”
There are many new changes in the Homora V2 app. Next to the UI and logo that have experienced significant changes, the functionalities will improve, too. Because of the new partnerships, leveraged yield farming will be available for liquidity pools on Curve, Balancer, SushiSwap, and Uniswap.
Many assets will be accessible to yield farmers. ETH, stablecoins, and many other tokens will be ready for them to earn rewards. The other significant new feature is the ability to open up to 9x positions for farmers who want to leverage on stablecoins.
One of the most critical partnerships in Homora V2 happens with Cream V2. as a result of this partnership, lending will be available for users. Cream V2 will act as a source of liquidity for the lending function.
Alpha Homora V2 also comes with new functionalities for the ALPHA token. ALPHA holders can earn higher yields in the new application and unlock some unique special features.
Alpha Finance will launch the new Homora app this month. The next step is migrating from V1 to V2. the team believes that they should still do many tasks to make the applications ready for everyone.
If you found this article interesting, here you can find more DeFi News