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Introduction to AutoFarm

Introduction to AutoFarm

AutoFarm is a suite of products in DeFi that provides DEX aggregation and, yield farming aggregation on the various blockchains. Its genesis was on the Binance Smart Chain, and it went on to expand its capabilities cross chain to Polygon Chain, Avalanche, Fantom, Moonriver, CELO, Cronos, Huobi EO Chain, etc. The main difference for AutoFarm compared to other farming projects like Beefy is that AutoFarm has one of the lowest fees

AutoFarm has two main products – Vaults and Swap. AutoFarm Vaults is a yield optimizer platform focused on providing DeFi users with auto-compounded yields at empirical optimal intervals, whilst pooling gaas costs through battle tested smart contract code and best yield optimization strategies. Autofarm uses a proprietary dynamic harvesting optimizer to enable the highest APYs on the vaults. AutoSwap is a DEX aggregator that gets the best prices from the DEX trades. It splits the trade across multiple DEXes to ensure the best prices and lowest slippage possible. The trades with AutoFarm Swap also become non-front-runnable and non-arbitrageable.

With over 87 vaults across some of the largest yield farming protocols such as PancakeSwap, bDollar Protocol, Autofarm is currently hyper-optimising over $4 million worth of user deposit

Yield TVL Ranking (Source: DefiLlama)

Yield TVL Ranking (Source: DefiLlama)

Advantages of AutoFarm #

Many farmers probably understand the pain of giving up our profits for fees. Autofarm is committed to having the lowest fees on the market. Autofarm users enjoy some of the cheapest fees of 2.2% for a yield optimiser in the entire BSC ecosystem.

Fees on Autofarm consist of one-off deposit fees, which is less than 0.1% of users’ initial capital and 0% withdrawal fees. All stated APYs on the Autofarm platform have included the fees, so there is no hidden costs involved. 

Besides, by yield-farming in Autofarm vaults, users can earn extra Autofarm’s native token, $AUTO. Vaults on Autofarm each have a unique AUTO multiplier that determines the amount of $AUTO distributed accordingly.

Risks associated with AutoFarm #

AutoFarm is audited by Vidar and Certik, but there is still risks involved. However, the AutoFarm is continuously working with Cetik to ensure the security and safety of the money in the vaults, but they will not be responsible for any loss of your funds. 

AutoFarm Platform #

AutoFarm (Yield Aggregator) currently support vaults for the following chains and networks:

  • Binance Smart Chain (BSC)
  • Polygon Network (MATIC)
  • Huobi ECO Chain (HECO)
  • Avalance chain (AVAX)
  • Fantom chain (FTM)
  • Moonriver chain (MOVR)
  • OEC Chain (OKB) (OKEx)
  • xDai Chain (xDai)
  • Cronos Chain (CRO)
  • Boba Chain (BOBA)
  • Aurora (NEAR)
  • Celo Chain (CELO)
  • Harmony (ONE)
  • Velas (VLX)

AutoSwap is DEX aggregator on:

  • Binance Smart Chain (BSC)
  • Polygon Network (MATIC)
  • Avalanche (AVAX) 

Conclusión #

AutoFarm is already securing over $4 million dollars in value for its users. According to the roadmap of AutoFarm, it will continue to add more functionality and platform integrations in the future. 

Actualizado el diciembre 17, 2021
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*Publicidad pagada. No es asesoramiento financiero. RugDoc no se hace responsable de los proyectos aquí expuestos. DYOR y mantente seguro.