ACCESS WIRE
2021-12-23
TALLINN, ESTONIA / ACCESSWIRE / December 23, 2021 / Octafarm, an auto-compounding yield aggregator looking to automate the yield farming reinvestment process, has announced that it will launch its much-anticipated protocol on Binance Smart Chain (BSC). Octafarm is supposed to be the easiest way for experienced and inexperienced users to access the world of DeFi Yield Farming in an automated, simple and secure way. By building a fully integrated, cross-chain DeFi ecosystem for both crypto natives and the mainstream population, Octafarm is expanding DeFi reach via a unified portal.
The exponential growth of DeFi space has resulted in the need to resolve key DeFi issues such as the manual process of reinvestment in productive agriculture and the complexity of protocols for the mainstream population. Octafarm simplifies the entire yield farming process by deconstructing the traditional user lifecycle of DeFi protocols and eliminating unnecessary complexities throughout the process. This distillation process makes it easy and intuitive for anyone to invest in DeFi pools.
The core of Octafarm’s simple solution is profit maximization through automated compounding. With automated daily compounding, users who bet on LP pools that earned 100% APR can now earn 161% APR without manually reinvesting, wasting time or incurring gas fees. This auto-compounding function will be available to all LP farms in the entire BSC network via Octafarm.
Unlike other auto-compounding protocols on the market, Octafarm doesn’t just focus on developing a one-product solution, but instead focuses on building a fully integrated DeFi ecosystem for everyone, especially those new to cryptocurrency. Octafarm wants to go one step further and develop add-on products that enhance the DeFi user experience, especially those new to cryptocurrency and DeFi. This core differentiation of Octafarm from any other auto-compounding platform is known as ecosystem stickiness. While other auto-compounding functions only focus on the auto-compounding function, Octafarm aims to do this better and, on top of that, create a complete and self-sufficient ecosystem for all types of users.
Octafarm has assembled a team of solid cybersecurity and smart contract development developers, as well as experienced individuals who have scaled financial technology (fintech) solutions around the world. The team is expected to grow in the coming months. Octafarm is preparing for the token launch soon. The details of the token launch will be shared with the community in due course.
About Octafarm
Octafarm is an auto-composite yield aggregator on Binance Smart Chain (BSC) that seeks to streamline the life cycle of yield farming by automating the reinvestment process to maximize yield potential. Octafarm is supposed to be the easiest way for experienced and inexperienced users to access the world of DeFi Yield Farming in an automated, simple and secure way. Octafarm is focused on building a fully integrated DeFi ecosystem for both crypto natives and the mainstream population.
Media contact:
website: https://octafarm.fi/
E-mail: [email protected]
Twitter: https://twitter.com/OctaFarmFi
telegram: https://t.me/octafarm
White paper: https://octafarm.fi/whitepaper.pdf
SOURCE: Octafarm
View source version on accesswire.com:
https://www.accesswire.com/679256/Octafarmfi-Launches-on-Binance-Chain-as-the-First-Fully-Integrated-Yield-Maximizing-Protocol
