If you want to get the maximum deposit allowance, you need 500 GRO tokens on Ethereum mainnet to access Labs and claim your allowance of $25,000 per strategy. All GRO tokens in your non-custodial wallet, received in airdrops or as liquidity rewards, or staked into liquidity pools count towards the 500 GRO threshold. Note that you need to have started vesting the airdrop or liquidity rewards in Rewards for those tokens to count.
This cap is imposed since there are limited funds available for borrowing on Alpha Homora v2. As Alpha’s lending program expands, Gro will be able to remove the cap to allow higher initial deposits.
To claim a higher allowance in the future you will need to meet the GRO threshold at that time, but you do not need to hold 500+ GRO to access or withdraw your funds.
Argent wallet does not support Avalanche. Users will need to switch to Metamask (or other wallets that connect to Metamask) to access Labs.
For a step-by-step guide on how to make your first deposit, please see the page below.
You only need to deposit stablecoins (USDC or USDT or DAI) to start using Labs. You do not need to borrow AVAX on your own or stake GRO tokens into the strategies.
There is no lockup on your deposit. You can deposit and withdraw the stablecoins at any time. Please be aware that you can only deposit up till the claimed allowance.
When withdrawing, we advise against withdrawing your funds when a strategy cycle is running on negative returns. This is because you will absorb the total losses incurred at the current strategy cycle (what is displayed at the upper right of each vault–see below screenshot), including those that should be attributed to other users and up to the amount you've put into this vault.
For example, if you're the first to withdraw your funds in the current strategy cycle with a negative returns, you would absorb the full losses of $663.02 even though your funds only form part of the $1.27mn capital deployed in this vault.
In short, while you have complete autonomy in withdrawing funds at any time, we recommend waiting until the current strategy cycle turns positive to avoid absorbing losses!
The yields you earn (represented by the APY) are in stablecoins only. No GRO rewards are allocated to Labs at this moment, but you do need 500 GRO tokens on Ethereum mainnet to access Labs and claim your allowance for each strategy.
No, the yields you earn (represented by the APY) are pure stablecoin yields that you can withdraw at any time.
You need to import the following tokens into Metamask to see your tokenised deposits.
Zapper needs to integrate the tokens representing your deposits separately. We've started a request here - please help us get this request prioritised by upvoting it (click on the upward arrow) and leaving comments on why you'd like to see your deposits there!
To help track your portfolio, you could also use DeBank or Zerion for your Labs positions.