AutoFarm On Incognito
AutoFarm On Incognito. Today, another project will join Incognito to bring privacy to the community! Please welcome AutoFarm with their native token $AUTO.
AutoFarm is the cost-effective yield optimizer on the Binance Smart Chain with currently more than US$1b total value locked (TVL) into its farming pools. The main differentiator for AutoFarm compared to other farming projects like ACryptoS and Beefy is that they have one of the lowest fees in the market.
AutoFarm
It is not questionable that AutoFarm stands out among the best yield aggregators in terms of final APYs. End users also do not need to have proficient knowledge of the underlying protocols involved or DeFi, thus the Vaults represent a passive-investing strategy. It is akin to a crypto hedge fund where the aim is to increase the amount of assets that users deposited.
- They have two main products — Vaults , which auto-compound your yields at empirical optimal intervals, while pooling gas costs through battle-tested smart contract code and best in class yield optimizing strategies. AutoFarm claims to use a proprietary dynamic harvesting optimizer to enable the highest APYs on their vaults.
- Their second product, Swap , is a DEX aggregator that gets users the best prices from DEX trades. AutoFarm Swap splits user’s trade across multiple DEXes to ensure the best prices and lowest slippage possible.
- AutoFarm’s contract is audited by Certik and most of their vaults are created using the same construct, it reduces the need for constantly auditing each vault.
AutoFarm uses vault to benefit users by socializing gas costs, automating the yield generation and compounding process. AUTO is native utility and governance token to the AutoFarm protocol. The $AUTO token can be used for proposals voting and will receive fees that are earned from the protocol.
Incognito not only helps add privacy layer to Crypto Activities relating to $AUTO but also create a new opportunity for passive income seekers. Liquidity Providers now earn trading fee & get an attractive APR for providing liquidity for $AUTO pairs
About Incognito
Incognito is a global community of privacy-minded builders seeking to protect the world from surveillance and control.
We build privacy-protecting, blockchain-based financial products for the future of money. All of our development is open-source.
About AutoFarm
Autofarm a cross-chain yield aggregator, enable users to get optimal return from yieldfarming pools by staking in Autofarm vaults. A yield optimizer, DEX and farmfolio as part of their ecosystem. The DApp designed to optimize DeFi users’ yields as they interact with other DApps in the DeFi space.
