What is Autofarm (AUTO)?

Autoform is a cryptocurrency project that works as a yield aggregator for the Binance Smart Chain (BSC). This platform aims at making it easier for users to handle their DeFi investments by offering products from different platforms in just a single place.

This is just one of the dozens of projects that have been released in the Decentralized Finance (DeFi) market in the last years. Autofarm works with the AUTO virtual currency that powers the entire AUtofarm protocol.

Disclaimer: the information shared by AltSignals and its writers should not be considered financial advice. This is for educational purposes only. We are not responsible for any investment decision you make after reading this post. Never invest more than what you are able to lose. Always contact your professional. financial advisor.

Autofarm is a cryptocurrency protocol that was launched in December 2020 and that runs on the Binance Smart Chain (BSC). The project offers users yield aggregating services that make it easier for decentralized finance investors to get the highest return on their assets.

This can be done through staking using Autofarm vaults. The project offers dozens of different vaults with different return rates that make it easier for users to handle their DeFi investments on the Binance Smart Chain.

At the moment, some of the highest APY on this platform include the BANANA-BUSD LP (18.9% APY), BANANA-WBNB LP (14.4k% APY) and the sBDO-BUSD LP (8k% APY). In this way, users are able to get the best returns for their crypto investments over time.

The platform is currently offering a wide range of services that range from vaults to a decentralized exchange (swaps) and a dashboard to have valuable information about the different metrics of this platform.

It is worth taking into consideration that users only need to connect their wallets to this platform and start engaging with a wide range of vaults that would reward them on a daily basis. The Autofarm network has now more than $1.6 billion in funds locked. This shows the large support that was received by this platform.

Autofarm Services

The main services offered by Autofarm include the vaults that give you rewards for staking your coins, a cryptocurrency decentralized exchange through swaps and a dashboard to follow all the metrics of the platform and the entire Binance Smart Chain (BSC) blockchain network.

Autofarm vaults offer auto-compound yields. This is usually difficult to do using DeFi platforms. It is not very easy to distinguish which are the optimal levels at which to withdraw the funds and re-invest them.

The smart contracts implemented by Autofarm have been enhanced in order to get the best results in terms of yield optimization strategies. In this way, they can offer some of the highest APY returns in all the cryptocurrency market.

The second product that we have already mentioned is the decentralized exchange called swap. This type of exchanges has been made popular by projects such as Uniswap and other platforms. Nowadays, the Binance Smart Chain has many projects and DeFi platforms working with these solutions and swapping exchanges.

Autofarm wants to make sure that users can get the coins they need in just a few simple swaps. In order to offer the best prices and the lowest slippage possible, the project makes it easier for you to get the best possible price for your coins and the coins you want to purchase.

Finally, the dashboard shares valuable information about the project metrics, investments, vaults and more.

AUTO Cryptocurrency

The platform works with the AUTO cryptocurrency. As most of the new DeFi projects in the market, Autofarm uses its own digital asset called AUTO tokens that had no pre-farm and no pre-sale. The minting of these coins started on December 15 and will continue until October 2021.

The platform works with a market buy-back strategy in which between 1.5% and 3% of the vault fees on users’ profits are used to purchase AUTO tokens that are then burned. This helps to reduce the supply of AUTO tokens over time.

The cryptocurrency reached a price per coin of over $12,000 in early February and it is now worth close to $3,200. The coin is also available on several cryptocurrency exchanges such as Binance, CoinEx, MXC.com and OpenOcean.

Autofarm is also working with a large number of projects in the BSC DeFi market. This makes it possible for users to get access to a wide range of tokens and new products.

Proficient authors guiding you with transparency, integrity and education through the finance international markets

The AltSignals writing team consists of experts dedicated to the world of finance and technology, with a particular focus on cryptocurrencies and forex. Our writers bring a broad range of knowledge and experience, cultivated through years of arduous and direct involvement in financial markets, as well as intense technological collaboration.

Editorial approach

At AltSignals, we believe that transparency and education are the key to empowering our readers. Therefore, our content is meticulously researched to ensure its accuracy and thoroughness. Each of our articles is created with the aim of providing educational insights and in-depth analysis, helping both beginners and experienced traders.

Commitment to quality

Integrity is certainly the foundation of our editorial process. The team follows rigorous journalistic standards with careful review, all to ensure that each publication is meticulously researched and exceeds our readers’ expectations.

Our mission is to provide analysis that informs as well as guides users and enthusiasts through the complexities of the cryptocurrency and forex markets. In line with our motto of “quality over quantity”, we guarantee that only the highest quality trading signals are published.

In addition to our commitment, which extends beyond the simple transmission of useful information, our in-depth analysis focuses on profitability and effectiveness squarely, avoiding the common industry habit of prioritizing profit over accuracy. Our traders are strategic experts who offer personalized help to those seeking worthwhile portfolio management tactics.

Diverse knowledge

Our authors are proficient in a variety of topics across the financial spectrum, from emerging trends in blockchain to the nuances of forex trading. This diverse range of knowledge allows the team to cover several topics, ensuring our content is always comprehensive and deeply specialized.

Interactivity and support

We understand that the world of trading can be complex for many. Therefore, alongside producing informative articles, our team is also committed to interacting with the community. Through comment sections, forums and direct support, we encourage our readers to seek clarification and sharpen their understanding, promoting an environment of continuous learning.

Future vision

Looking to the future, the AltSignals writing team is imbued with a vision that transcends regular publishing, and continues to dedicate itself to discovering and reporting on the latest innovations and trends available in the market. We are constantly seeking to improve our skills and expand our knowledge, with the ultimate goal of being a reliable and respected source in digital financial journalism.

There is great commitment to discovering and reporting not only the latest news and trends in the market, but also to equipping our readers with the tools they need to navigate volatile markets with confidence. We firmly believe that, with the support of an appropriate platform coupled with accurate guidance, our readers and traders can turn market volatility into a competitive advantage.

Join us

Follow AltSignals to stay up to date with the latest developments in the world of finance and technology, and explore how our insights can help improve your trading strategies. The AltSignals team is here to guide you through the exciting, dynamic and challenging world of financial markets.