Do you have idle crypto assets lying around? They won’t generate interest on their own so why not lend to Homora to earn high interest rate paid by borrowers?
Lenders will have the option to lend assets ranging from stablecoins to blue-chip assets from various chains. The higher the utilization rate, the higher the APY.
Are you a yield hunter? You can farm on Homora to create a bigger farming position with more rewards in return.
Borrowers can supply and borrow assets in any combination to customize your risk level and leverage. There will be different types of pools to farm in ranging from stablecoin pairs to asset pairs with higher volatility.
For experienced users, you can also apply shorting, longing, or even hedging strategies depending on the risk appetite.
More details
In the case where a position’s debt ratio exceeds 100%, users can interact with the HomoraBank to liquidate the position and earn a bounty.
The liquidation UI has been removed from the dapp. Those who are interested in earning liquidation bounty can refer to further details here: https://github.com/AlphaFinanceLab/alpha-homora-v2-contract
Afterwards, you can redeem the LP token with this method: