Hyper-optimised cross-chain yield aggregator
AutoFarm is a yield farming aggregator running on Binance Smart Chain (BSC), Polygon Chain (MATIC) and Huobi ECO chain (HECO)
The DApp (Decentralised Application) was designed with the purpose of optimising DeFi (Decentralised Finance) users yields as they interact with the other DApps in the DeFi space.
Autofarm was initiated on Binance Smart Chain with no pre-farm, no pre-sales and with the goal of optimising DeFi users' yield farming at the lowest possible cost (All APY & APRs shown have already included fees).
Vaults
AutoFarm Vaults is a yield optimizer platform focused on providing DeFi users with auto-compounded yields at empirical optimal intervals, whilst pooling gas costs through battle-tested smart contract code and best-in-class yield optimizing strategies. Autofarm uses a proprietary dynamic harvesting optimizer to enable the highest APYs on our vaults.
"Only the best yields, automatically."
Swap
AutoSwap is a DEX aggregator that gets you the best prices from your DEX trades. AutoSwap splits your trade across multiple DEXes to ensure the best prices and lowest slippage possible. Your trades with AutoFarm Swap also become non-front-runnable and non-arbitrageable.
"BSC's best DEX aggregator"
Security & Risks
In the space of crypto, especially in the Decentralised Finance (DeFi) space, users have to understand the risks of projects and smart contracts before venturing into DeFi. We call this DYOR (do your own research).
As part of Autofarm's long-term commitment to security and building trust within the community, we have laid out the ways in which we attempt to mitigate risks and provide a seamless Autofarm experience that users can trust. Details can be found in the medium article over here.
General DeFi Risks
DeFi risks encapsulate a wide range of risks such as impermanent loss to risks of falling for scams such as wallet draining, private key being stolen, et cetera. Hence, DeFi users have to be careful themselves and learn to educate themselves constantly in this space. You can find a guide to keeping your funds SAFU here.
Smart Contract Security & Risks
Smart contracts are an innovative way for cryptocurrencies to interact with one another and with dApps (decentralised applications). However, due to the complexities that come with smart contracts, certain smart contracts may be prone to hacks. We've mitigated this risk by equipping all smart contracts with 24hr time-locks (except $AUTO rewards multiplier at 12hrs) and having reputable auditors audit the entire project.
Fun Fact: Most of our vaults are operated using only 1 contract (not creating new contracts for each vault), so new vaults are created using the same construction (but with different constructors; which are the parameters/inputs to the contract). Working according to this mechanism assures the following:
* Vaults will be audited end-to-end
* Shorten the time needed to implement new vaults
* Focus on adding value other than the creation of smart contracts
AUTO token is the native token of "Autofarm"