Autofarm is a yield farming aggregator that helps users claim, harvest and re-invest liquidity mining rewards to maximize earnings.
Autofarm consists of a suite of DeFi products that enable yield farming aggregation across several blockchains. Autofarm has two main products: Vaults and Swap. The Vaults are yield optimizers focused on providing users with auto-compounded yield by socializing gas costs across all vault depositors. AutoSwap is a decentralized exchange (DEX) aggregator that sources the best prices for trades across several DEXs. It splits the trade across multiple DEXs to ensure the best prices and lowest slippage.
Autofarm offers some of the lowest fees on the market for a yield optimizer. The protocol charges a one-time deposit fee that is less than 0,1% of the users' initial capital and no withdrawal fees. A controller fee is charged that varies per asset to cover gas costs for the auto-compounding feature. The platform fee is also collected per asset that accrues to the protocol treasury, which can be used to hire external audits, community engagement, marketing and salary payment for the team.
You can earn yield by depositing assets to specific vaults to maximize your LP positions through auto-compounding of rewards. AUTO holders can also stake in the Single AUTO Vault (SAV) to participate in governance and receive platform revenue sharing. All vaults on Autofarm have a vault fee that is collected and redistributed to SAV stakers (paid in AUTO), or burned (subject to monthly governance vote). The protocol also collects some fees from tis AutoSwap DEX aggregator that is included in the monthly revenue share or used as part of the monthly burn. The deflationary nature of AUTO also means the token price should increase over time simply from holding as more AUTO is burnt from the market.