What Is It?
Autofarm is a yield aggregator platform.
Autofarm is a yield optimizer platform that uses vaults to auto compound yields at optimized intervals. The protocol was first launched on the BNB Chain in January 2021 but is now supported on 14 other chains. As of 8 August 2022, the protocol currently has a total of $64.4M in TVL across 15 chains: BNB Chain, Avalanche, Polygon, Fantom, HECO, Moonriver, OKEx, Celo, Cronos, BOBA, Harmony, Aurora, and Velas.
Tokens and Tokenomics
AUTO is the governance token for voting on proposals for Autofarm.
Supply and Distribution
The token has a total supply of 80,000 and is distributed as such:
- ~74.5% is available for the vault token mining program
- ~12% is dedicated to the team to ensure sustainable and rapid innovation
- ~13.5% is reserved for future incentives of cross-chain vaults and other products in the Autofarm ecosystem
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