Octafarm — an auto-compounding yield aggregator on Binance Smart Chain (BSC) that aims to simplify the yield farming life cycle by automating the reinvestment process to maximize user repeat launches.
Description of the coin defi Octafarm
Octafarm aims to be the easiest gateway for sophisticated and non-savvy users to access the world of DeFi profitable farming in an automated, simple and secure way. Octafarm is focused on building a fully integrated DeFi ecosystem for both crypto natives and the general population.
Reinvesting will increase your capital base, so you'll get a higher rate of return than if you didn't reinvest at all. Auto interest calculation uses smart contracts to automate the interest calculation process. Octafarm maximizes user income.
Features of reinvestment:
| 1 | Reinvesting your profitable farming and making a profit in DeFi is mostly manual work, requiring gas fees and time throughout the cumbersome process. |
| 2 | Octafarm automates and streamlines the entire reinvestment process so you can maximize your profits. |
| 3 | The developers are also trying to keep things very simple for crypto-natives and the general public. This will ease the mass adoption of DeFi, as current DeFi protocols are relatively difficult to use. |
Unlike other auto-connection protocols, Octafarm is not only focused on building a single product solution, but instead the team aims to build a fully integrated DeFi ecosystem for both crypto bearers and the general population. While other auto-compounding protocols such as Beefy, Pancake Bunny and the like only focus on the auto-compounding feature, Octafarm aims to do it better and furthermore create a complete and self-sustaining ecosystem for all types of users.
Benefits of Yield Farming
Firstly, users will maximize their profits through automatic interest. If you earn 100% APR on LP farms on Pancakeswap, you will earn 161% APR on the same pool, using the Octafarm. Developers integrate all farms into BSC and automate the reinvestment process to make it easier for you.
Secondly, getting OCTF will mean getting a deflationary token, filled with strong tokenomics and accumulation of value, which ensures the long-term foundations of OCTF are secure. Finally, an ecosystem of ancillary products is being created that complements your DeFi user experience. You can look forward to a strategy builder, Maximizer pools, a management feature and an advanced user toolbar.
You can get more information about the project by examining the main page of the site. There is a general description, answers to questions and much more. The RoadMap notes future updates. The smart contract doesn't have an audit.