OptyFi is live on Polygon!
YIEDL with low gas fees.
OptyFi is live on the Polygon Mainnet! This is an essential step in its mission of becoming a doorway to the entire DeFi ecosystem.
The OptyFi team has been working hard to build an unstoppable DeFi machine. With the support of the YIEDLers community, they have been improving its app to offer an optimal experience for our users.
A Recap:
✳️ In December 2021, we deployed the Alpha Vaults on Ethereum: a USDC Vault connected to Curve, AAVE, and Compound.
✳️ In January, we deployed Beta. We created a WETH vault and deployed our Convex adapter.
✳️ In March, we made a significant update in the architecture of our vaults, enabling cheaper withdrawals, less slippage, and better yields.
For its community, deploying on Polygon means the opportunity of YIEDLing in a new ecosystem with new DeFi adapters, more liquidity pools, and more strategies. And the best of all: with low transaction fees.
OptyFi intend to offer its YIEDLers easy access to the best yield opportunities across the whole Polygon ecosystem.
OptyFi on Polygon: What to expect
OptyFi journey on Polygon starts with an USDC vault.
Initially, the vaults will be connected to four DeFi Adapters: Curve, AAVE, Beefy and SushiSwap. QuickSwap and Mai Finance adapters are coming down the pipeline.
As they deploy more adapters, they expect to see an increase in the efficiency of its optimization engine.
The Polygon vaults will be only for whitelisted users until the token generation event (aka. OPTY launch).
You can get whitelisted by joining our Discord Serverand getting a referral from one of its PowerYIEDLers or SuperYIEDLers, the OptyFi OG’s.
OptyFi goal is to get constructive feedback on its product and have a fully operational YIEDLing machine before the token launch.
They believe distributing its governance token to the OptyFi community is the best way to start decentralizing its protocol. As a reward for using its product in the early stages, we’re rewarding 300 OPTY / day in each vault. However, this is subject to change at any time.
About OptyFi
OptyFi is a yield optimization protocol capable of executing thousands of yield strategies in real time across liquidity pools, protocols and blockchains. The assets in our vaults are automatically deployed into the most optimal strategies matching users’ risk preference.
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About Polygon
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 7000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp, get started here.
