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

TALLINN, ESTONIA / ACCESSWIRE / December 23, 2021 / Octafarm, an auto-composite yield aggregator looking to automate the yield farming reinvestment process, has announced that it will be rolling out its highly anticipated protocol on Binance Smart Chain (BSC). Octafarm aims to be the easiest gateway for experienced and less experienced 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 both crypto-natives and the mainstream population, Octafarm is expanding DeFi reach through a unified portal.

The exponential growth of the DeFi space has created a need to solve key DeFi issues such as the manual process of reinvesting in yield farming and the complexity of the 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.

At the heart of Octafarm’s simple solution is profit maximization through automated compounding. With automatic daily compounding, users backing LP pools that earned 100% APR can now earn 161% APR without manually reinvesting and wasting time or incurring gas fees. This auto-compounding feature will be available to all LP farms across the BSC network via Octafarm.

Unlike other auto-compounding protocols, Octafarm is not just focused on creating a one-product solution but instead focuses on building a fully integrated DeFi ecosystem for everyone, especially those who are new to cryptocurrency . Octafarm wants to go one step further and develop add-on products that improve the DeFi user experience, especially for those who are new to cryptocurrency and DeFi. This key differentiation of Octafarm compared to other auto-compounding platforms is called ecosystem stickiness. While other auto-compounding features only focus on the auto-compounding feature, Octafarm aims to do this better and moreover create a complete and self-sustaining ecosystem for all types of users.

The story goes on

Octafarm has assembled a team of solid developers in cybersecurity and smart contract development, as well as experienced individuals who have scaled financial technology (fintech) solutions globally. The team is expected to continue to grow in the coming months. Octafarm is getting ready for token launch soon. The details of the token launch will be shared with the community in due course.

About Octafarm

Octafarm is an auto-composite 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 experienced and less experienced 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: octa farm

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