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Autofarm Polygon

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News

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Ethereum's next major upgrade, Glamsterdam, is set to activate on the Hoodi test network on October 26, marking a significant step in testing changes to block production and execution costs.
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Miguel Rodriguez

International Crackdown on West African Scam Networks Results in 28 Arrests

An international effort against West African scam networks has led to 28 arrests and the removal of over 37 million accounts linked to fraudulent activity.
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Luis Flores

Stablecoin Payment Transactions Surge Despite Flat Supply

A new report reveals a significant increase in stablecoin payment transactions, contrasting with stagnant supply levels.
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Arif Mukhtar

What is Autofarm Polygon?

Autofarm Polygon — a farm aggregator, operating on 19 different EVM compatible networks.

Contents:

Autofarm Polygon - a profitable farm aggregator

How does Autofarm Polygon work?

Autofarm Polygon was developed with the goal of optimizing the revenues of DeFi (decentralized finance) users as they interact with other DApps in the DeFi space.

The Autofarm project was initiated on the BNB (formerly Binance Smart Chain) chain with no pre-farm, no pre-sales and with the goal of optimizing DeFi user farming at the lowest possible cost (all shown APYs and APRs already include fees).Autofarm Polygon

AutoFarm Vaults — a yield optimizer platform, focused on providing DeFi users with automatically stacked yields at empirically optimal intervals, as well as gas cost pooling with battle-tested smart contract code and best-in-class yield optimization strategies. The Autofarm exchange uses a proprietary dynamic reward collection optimizer to deliver the highest vault APY.

How does AutoSwap work:

1. AutoSwap — a DEX aggregator that gives you the best prices from your DEX trades.
2. AutoSwap splits your trade across multiple DEXs to ensure the best prices and the lowest possible slippage.
3. Your trades with AutoFarm Swap are also not subject to pre-management and arbitrage.

The Autofarm governance voting system — the latest development of the protocol. It brings the project one step closer to becoming a truly decentralized protocol.

Autofarm's main management proposal was published on July 8, 2021 at 10:00 UTC. The proposal invited AUTO's stakeholders to participate in determining the percentage distribution of AUTO's flaring and revenues to be channeled to AUTO's stakeholders.

The Autofarm team hopes to be able to continuously offer users best-in-class automated strategies at a minimal and reasonable cost. Each store can use different strategies, many of which use a proprietary dynamic optimized auto-compounding strategy.

To ensure a fair distribution of $AUTO, only users of the vault will be able to mine $AUTO tokens in addition to vault revenue with automatic compounding.

AutoAmplify system

AutoAmplify - a program for introducing new projects that want to be placed on autofarm. Any project from the Autofarm supported network or any EVM compatible network, wishing to join the Autofarm ecosystem, can apply to participate in the affiliate program now. Participate in trading contests on AutoSwap to receive bonus tokens, which will be airdropped as the new project's own bonus token.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.