What Is It?

Autofarm is a decentralized yield aggregator platform.

About Autofarm

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, and is now supported on 14 other chains. As of 8 August 2022, the protocol has a total of US$64.4M in total value locked (TVL) across 15 chains: BNB Chain, Avalanche, Polygon, Fantom, HECO, Moonriver, OKEx, Celo, Cronos, BOBA, Harmony, Aurora, and Velas.

Tokens and Tokenomics

AUTO

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

Similar Protocols

Appendix

Treehouse APIs provide you with DeFi analytics and comprehensive current and historical portfolio data to meet your monitoring, trading, and reporting needs. Contact us if you are interested! Otherwise, check out Treehouse Academy, Insights, and Treehouse Daily for in-depth research.

New Web3 Wallet Innovations and How They Can Benefit Institutions

Authors: @leechengqian and @0xxxxxin

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