By leveraging over 2X on Homora, you will be able to apply various strategies to suit your risk appetite. Thus, that is why Homora is a customizable product that is applicable to any market conditions.

HODLing onto assets that you are either bullish/bearish on is a safe way to gain profit should the asset of the price is only going towards the direction that benefits you.

However, before the asset price changes, your assets will just be sitting there and not generating any income. If you have a strong bullish/bearish belief on your assets anyway, why not find ways to make a better use of those assets?

Long Farming

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For those who are strongly bullish towards a certain altcoin, long farming is a strategy you can apply by leveraging over 2X.

In this example, we will keep it simple and focus on giving awareness of the possibility of applying this strategy.

In general, what you can do is farm in a stablecoin/altcoin pool with the altcoin you are bullish in.

General Steps

  1. Supply only the altcoin that you are bullish in
  2. Borrow stablecoin only to leverage over 2X
  3. Farm & reap the rewards once the price of your altcoin increases to your threshold

Reasonings Behind