Wanchain Welcomes Auto-Farm, The All In One DeFi Dapp

Since DeFi’s mainstream debut in 2020, decentralized finance has arguably become one of the main driving forces behind the crypto revolution. From the initial DeFi summer bonanza, DeFi protocols accrued over $110 billion USD in TVL at their highs in November 2021, a staggering 50-fold increase from its lowest base. The blistering rise of DeFi can be attributed to its unique take on a new financial world that is powered by decentralization and the blockchain.

DeFi The Good And The Ugly

To many, DeFi has transformed the meaning of finance. Its decentralized approach gives access to financial services that were once exclusive to traditional financial institutions. With DeFi, anyone with an internet connection is able to participate in a myriad of different financial activities. This provides extra opportunities for additional income streams for users despite market conditions.

While the DeFi revolution is far from over, one of its main setbacks is that it still remains difficult to use and maintain for many. This is one of the primary obstacles stopping DeFi from achieving its goal of mass adoption. AutoFarm is looking to change that and looks to follow Wanchain!

AutoFarm is an audited, multi-chain yield farming aggregator designed with the purpose of optimizing users' farm yields as they interact with the other DApps in the DeFi space. Currently, Autofarm boasts support for 19 different EVM-compatible networks. Autofarm was first initiated on the BNB Chain with no pre-farm and no pre-sales. Since its inception, its focus has always been to always optimize the DeFi experience for all DeFi users regardless of their experience level. yield farming at the lowest possible cost for all of its users.

AutoFarm Vaults

Vaults are yield optimizers focused on providing users with auto-compounded yields at empirical optimal intervals whilst also pooling gas costs through battle-tested smart contract code and best-in-class yield optimizing strategies. To achieve this, Autofarm uses a proprietary dynamic harvesting optimizer to enable the highest APYs on all their vaults.

With the multitudes of features packed into the protocol, users are not only able to receive the highest APY on their yields, they also get to automate their farming experience.

The end result: low cost, maximized APYs, and an automated take at at the farming process!

— New Wanchain Support—

WanSwap

• $WAN — $WASP
• $WAN — $wanUSDT
• $WAN — $wanETH
• $WAN — $wanBTC
• $wanUSDT — $wanUSDC

ZooKeeper

• $WAN — $ZOO

AutoSwap (The Next-gen DEX)

Next up in the armory is AutoSwap. AutoSwap is a DEX aggregator that fetches the best possible prices for all your DEX trades. Unlike traditional DEXs, AutoSwap splits your trade across multiple DEXes to ensure the best prices and lowest slippage possible. Your trades with AutoFarm Swap also become non-front-runnable and immune to arbitrage.

Current multi-chain support: BSC, CRONOS, POLYGON, AVALANCHE

The end result: Best prices, low slippage, front-run, and arbitrage proof!

The Future of AutoFarm — More than Farms and DEXs

AutoFarm knows innovation doesn’t stop at farming and decentralized exchanges, the ultimate DeFi tool is an ecosystem!

Below offers a sneak peek into the future of AutoFarm.

AutoFund (upcoming)
A copy-trading platform connecting traders seeking to earn additional passive income to users seeking to optimize their yield.

AutoAnalytics (upcoming)
The future platform of AutoFarm’s current FarmFolio product is AutoAnalytics. This will exist as AutoFarm’s premier analytics and machine learning platform. This feature will play a major role in the Autofarm ecosystem as it looks to analyze the on-and-off chain data needs of DeFi users.

AutoTrade (upcoming)
An intelligent automation service for executing trading strategies such as Dollar Cost Averaging(DCA) and rules-based execution that is efficient, seamless, and cost-effective.

AutoAlerts (upcoming)
An alerts service that harnesses the data capabilities of AutoAnalytics, the limit orders of AutoSwap, and AutoTrade’s intelligent execution to improve the overall user experience within the Autofarm ecosystem.

Why Wanchain?

Wanchain is a well-established, fully EVM-compatible decentralized blockchain interoperability solution harnessing the latest in blockchain decentralization, interconnectivity, and scalability for commercial, public, personal, and state use. Wanchain works to drive blockchain adoption through interoperability, security, and transparency by having a next-generation blockchain as its foundation providing cross-chain links to over 17 different layer 1 and 2 protocols.

Wanchain’s legacy in the space doesn’t just revolve around its vast network of cross-chain bridges, in fact, its prominent standing comes from the robust and secure cross-chain infrastructure that has earned it its position as one of the most advanced and secure cross-chain platforms in existence.

Conclusion

Projects like AutoFarm realize that for DeFi to flourish, users need protocols that enhance the overall user experience while developing tools that support increased efficiency and adaptability for its users. Projects that seek to innovate on the horizons of multi-chain functionality are among the first to take the initial steps into the future of blockchain technology and are naturally in sync with Wanchain’s vision of an interconnected world.

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