KillSwitch, the Saviour for High-Risk Yield Farmer

Krissanawat Kaewsanmuang
Coinmonks

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KillSwitch is the winner of the SCB 10x Hackathon that was organized in March. The main intention of this project intentional is to help HRYF(High-Risk Yield Farmer) to exit a High-risk farm quickly. After relentless development and stress testing for 4 months, they have released their first version.

KillSwitch is a smart and sophisticated yield farming aggregator that offers a high degree of security and convenience to Binance Smart Chain yield farmers.

The highlight feature is the one-click feature. With just a click, users can un-stake, withdraw Liquidity Position from their funds and sell their high-risk coins instantly.

In this post, we will explore the most prominent features of KillSwitch in their first version.

One-Click Stake

Time is the most valuable thing in the world. KillSwitch helps to save time by only using your BNB or BUSD to convert to LP token and start farm instantly. To make it more clearly, the screenshot below shows exactly what the platform offers in a single click:

Auto Compound

KillSwitch also offers an auto-compounding feature. It creates an automatic compounding mechanism on your assets to show that your earnings are re-stacked to earn even more. This makes you a re-investor automatically.

Kill Position

Well, this is the major feature that helps high-risk yield farmers(HRYF). With just a click, you can start the unstake transaction and turn the LP token back to BNB or BUSD.

Fees

There are no deposit fees required. The withdrawal fee is bare minimum of 0.1% and performance fees take 3% as shown in the screenshot below:

Future: Take Profit and Stop loss

The next version of Killswitch will add the key feature called Take Profit and Stop Loss. With this awesome feature, you can become a Space Sweeper that will enable you to reap the reward and kill user position:

Conclusion

The main goal of this post is to highlight some of the key features and upcoming awesome features for the KillSwitch platform. The post only provides an overview of what actually is. You can go ahead and take a look at their documentation for other detail.

Resource

Documentation
Telegram Official

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