Supports 9 protocols including Binance Smart Chain, Polygon and Avalanche C-Chain
Cons
Investments in liquidity pools can be higher risk
Liquidity pool investments are only suitable for advanced crypto users
Autofarm Reviews
The Autofarm network has been in operation on the BNB Chain (formerly Binance Smart Chain) since its launch in 2020. Autofarm was founded by an anonym CEO who is known by the nickname ‘‘Mildgiraffe’’. Mildgiraffe has built different projects in the crypto world but the Autofarm is Mildgiraffe’s first public access project with the cooperation of Freeman the front-end developer and Shielded Penguin the back-end developer.
Autofarm aims to be a lider DEX in Decentralized Finance (DeFi). To achieve that, Autofarm developed a pack of products that provides users with DEX aggregation and yield farming aggregation on different blockchains. Auto has two main products: Vaults and AutoSwap. Vaults is a yield farming platform that combines yields at optimal intervals and offers excellent yield optimization strategies.
AutoSwap is a DEX aggregator that provides users with the best prices for DEX transactions. It splits trades across multiple DEXs to ensure the best price value and the lowest slippage. Autofarm is a very useful yield farming project compared to the others because it claims to offer the lowest fees in the market and it has expanded cross-chain initiating from BNB to Huobi ECO Chain (HECO). In the team’s roadmap, they declare to build more cross-chain products.
Autofarm has a web DApp which serves as a Cross-chain DEX yield aggregator on BSC, HECO, Polygon & Avalanche and Optimizer. This DApp allows users to manage their assets on the Decentralized Finance and use many tools that auto farm provide for them. AUTO is the governance token of the Autofarm protocol. Token holders are able to vote for governance and take fees earned in the protocol.
Autofarm Supported Currencies
Autofarm supports over 50 currencies including Bitcoin, Tether, Cardano and Polygon.
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