What is Auto?
Autofarm is a cross-chain yield aggregator and decentralized finance (DeFi) yield farming platform allowing users to earn high yield returns on Binance Smart Chain, Heco, or Polygon cryptocurrency assets and stablecoins by contributing liquidity to a large (100+) selection of single asset and paired asset liquidity vaults. To prevent inflation, only liquidity providers for Autofarm non-turbo vaults can mint BEP-20 AUTO token in addition to earning auto-compounded yield on vaulted LP. Autofarm was launched with no presale or prefarm. AUTO token has a hard cap of 80,000 tokens, with the last AUTO to be mined in October 2021. To promote deflation, any vault fees (1.5 - 3.0%) paid on deposits are used to buy back and burn AUTO token from secondary markets. Community governance using AUTO token will begin in Q3 2021. Autofarm provides users with other tools including AutoSwap DEX Aggregator, AutoPortfolio, AutoTrade, AutoAnalytics and farmfolio intelligent portfolio dashboard.
