Octafarm.fi launches on Binance Chain as the first fully integrated yield maximization protocol

TALLINN, ESTONIA / ACCESSWIRE / December 23, 2021 / Octafarm, an auto-assembly yield aggregator that aims to automate the reinvestment process into yield farming, has announced that it is launching its highly anticipated protocol on Binance Smart Chain (BSC). Octafarm aims to be the easiest gateway for sophisticated and non-sophisticated users to access the world of DeFi yield farming in an automated, simple and secure way. By building a fully integrated, cross-chain DeFi ecosystem for crypto natives and the mainstream population, Octafarm is expanding DeFi reach through a unified portal.

The exponential growth of the DeFi space has created the need to solve key DeFi problems such as: B. the manual process of reinvesting in yield farming and the complexity of protocols for the mainstream population. Octafarm simplifies the entire yield farming process by deconstructing the traditional user lifecycle of DeFi protocols and eliminating unnecessary complexities throughout the process. This distillation process makes it easy and intuitive for anyone to participate in DeFi pools.

The core of Octafarm's simple solution is maximizing profits through automated compounding. With automatic daily compounding, users betting on LP pools that previously earned 100% APR can now earn 161% APR without having to manually reinvest and waste time or incur gas fees. This auto-compounding feature will be available via Octafarm to all LP farms on the BSC network.

Unlike other auto-compounding protocols on the market, Octafarm is not just focused on developing a one-product solution, but rather on building a fully integrated DeFi ecosystem for everyone, especially those new to cryptocurrency are. Octafarm wants to go one step further and develop additional products that improve the DeFi user experience, especially for those new to cryptocurrency and DeFi. This key difference of Octafarm compared to other auto-compounding platforms is called ecosystem stickiness. While other auto-compounding solutions only focus on the auto-compounding function, Octafarm aims to do this better and also create a complete and self-sustaining ecosystem for all types of users.

The story goes on

Octafarm has assembled a team of solid cybersecurity and smart contracts development developers and experienced individuals who have scaled financial technology (fintech) solutions globally. The team is expected to grow in the coming months. Octafarm is preparing to launch its token soon. The details of the token launch will be communicated to the community in due course.

About Octafarm

Octafarm is an auto-assembled yield aggregator on Binance Smart Chain (BSC) that aims to streamline the yield farming lifecycle by automating the reinvestment process to maximize yield potential. Octafarm aims to be the easiest gateway for sophisticated and non-sophisticated users to access the world of DeFi yield farming in an automated, simple and secure way. Octafarm is focused on building a fully integrated DeFi ecosystem for both crypto natives and the mainstream population.

Media contact:

website: https://octafarm.fi/

E-mail: [email protected]

Twitter: https://twitter.com/OctaFarmFi

telegram: https://t.me/octafarm

White paper: https://octafarm.fi/whitepaper.pdf

SOURCE: Octafarm

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