Alpha Finance Lab would like to welcome December with a partnership and integration between Alpha Homora and Aave with the newly added feature of “Earn on Aave + ETH”!

Since the deposit APY on ETH on Alpha Homora is higher than the borrow APY on ETH on Aave, you will already earn from this difference in addition to the deposit APY of other assets that you lend on Aave!

With “Earn on Aave + ETH” feature, users will be able to lend assets on Aave, have those assets be used as collateral, borrow ETH from Aave, and lend the ETH borrowed on Alpha Homora. Everything is simplified for our users, and they can follow 3 simple steps all from Alpha Homora frontend.

For current Aave users who have already lent assets on Aave and used them as collateral, how would this work for you?

  1. First, connect wallet and click on “Earn on Aave + ETH” on the left tab

2. Click on “Start earning on Aave + ETH” button

3. Since you have already lent assets on Aave and turned them on as collateral, you should see non-zero Collateral Value on the pop-up modal. In this case, you can either click Next to continue with borrowing ETH from Aave OR you can also lend more of any of the supported assets. Refer to the image below for example.

4. For the 2nd step on this pop-up modal, you can choose how many ETH you want to borrow from Aave. Note that by borrowing ETH from Aave, you are paying the borrow APY on Aave. Refer to the image below for example.

5. For the 3rd and last step on this pop-up modal, you need to confirm the transaction to lend the ETH you have on Alpha Homora. The ETH you have includes those you already have in your wallet AND the ETH you borrowed from Aave. By lending ETH on Alpha Homora, you will be earning the lending interest rate on ETH.

How does it work if you have not lent on Aave?

  1. First, connect wallet and click on “Earn on Aave + ETH” on the left tab

2. Click on “Start earning on Aave + ETH” button

3. Enter which asset and how many you want to lend on Aave. The percentage next to each asset (e.g. DAI) is the Deposit APY for lending that asset on Aave. Refer to the image below for example.

4. Once you completed the first step of the pop-up modal, the asset that you lent is now used as collateral, enabling you to borrow ETH from Aave. Now you can choose how many ETH you want to borrow from Aave. Note that by borrowing ETH from Aave, you are paying the borrow APY on Aave. Refer to the image below for example.


5. For the 3rd and last step, you need to confirm the transaction to lend the ETH you have on Alpha Homora. The ETH you have includes those you already have in your wallet AND the ETH you borrowed from Aave. By lending ETH on Alpha Homora, you will be earning the lending interest rate on ETH.

About Alpha Finance Lab

Alpha Finance Lab is an ecosystem of cross-chain DeFi products that will interoperate to bring optimal alpha returns to users. Alpha products focus on capturing unaddressed demand in DeFi in an innovative and user friendly way.

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