For DeFi participants, capital security and higher returns are very important, and a good return aggregator product is indispensable.

Recently, the DeFi aggregated mining protocol - Autofarm will be launched to deploy OEC. As a gathering mining project with the largest machine gun pool on the BSC chain, Autofarm has launched multiple major public chains including BSC, OEC, and HECO. Its only token AUTO has exceeded 65,000 currency holding addresses.

Autofarm Aggregation Mining Protocol

Autofarm is a DeFi aggregation mining protocol, similar to Yearn in the Ethereum ecosystem.

Autofarm can help users automatically switch high-yield mining pools, and can also reinvest interest to increase mining yields. According to public information, there is no private placement and no pre-mining of Autofarm tokens, and the total issuance is 80,000. Once launched, it has been widely praised by the community, and it is quite the Yearn effect of the year.

Just one week after the launch of the Autofarm platform, the lock-up volume soared tenfold, reaching as high as $1.4 billion.

With the increase of locked positions, the price of AUTO has also risen. According to non-small big data, the latest price of AUTO is currently US$1,125, a 51-fold increase from US$22 at the beginning of issuance.

It is worth mentioning that Autofarm’s ambitions are not limited to BSC. At present, Autofarm has also connected to the OEC public chain and expanded to other public chains such as Polkadot. By then, the amount of locked positions may reach a new high.

Autofarm currently supports single-currency mining and liquidity mining. Among them, the USDT stablecoin mining income has been stable at more than 40% for a long time, and the annualized yield of liquidity mining is about 100% to 500%. The overall yield is good. However, Autofarm charges users a management fee of 0.5%, and it is recommended that participating users calculate the rate of return in advance.

Autofarm's only token Auto

Auto is the only token of Autofarm, and its purpose is to help users optimize mining income in various DApps in DeFi.

The project has 5 components:

AutoFarm Vaults: AutoFarm Vaults is a mining revenue optimization platform dedicated to providing DeFi users with mining revenues that are automatically compounded at theoretically optimal intervals, while reducing handling fee costs through smart contracts and revenue optimization strategies.

AutoSwap: AutoSwap is a DEX aggregator that provides users with the best prices on DEX transactions. AutoSwap splits and funnels trades to multiple DEXs to ensure the best price and lowest slippage.

AUTO is Auto's BEP-20 native utility token, used in the following functions:

Network governance: AUTO token holders can participate in network governance decisions.

Platform fee: A part of the transaction fee for each Earn contract call will be used for repurchase and AUTO tokens will be destroyed.

Staking Rewards: Users can get rewards by staking AUTO tokens.

AUTO tokens were officially excavated on December 15, 2020, of which 88% were used for mining and 12% were allocated to the team. Overall, this ratio is very conscientious. In addition, 1.5%~3% of the profit of the smart pool will be used to burn AUTO tokens, which will help reduce market selling pressure and boost currency prices.

Currency Symbol: OKT

First, you need to download OKEx DefiHub (OKEx wallet) or MetaMask wallet, and create your own wallet address. You can see that the wallet is set to the Ethereum mainnet by default. On the METAMASK page, select "Custom RPC" to add OKExChain MainNet, add the OKEx Chain mainnet, and ensure that there are enough tokens in your wallet.

RPC URL：https://exchainrpc.okex.org/

Chain ID: 66

Currency Symbol: OKT

Official website address:

Official website address:https://autofarm.network/okex/

You can start using Autofarm products. You can see the currency pairs that can be pledged in the project's official website interface. At present, Autofarm supports two top DEXs on OEC: the currency of cherryswap and Jswap and the pledge of LP. If you have idle LP tokens in your wallet, the amount will be automatically grabbed.

The pledge process is also very simple, just click on the currency pair you want to pledge, then enter the pledge amount and click "deposit"

The feature of the smart pool project is that users can automatically reinvest without having to repeatedly withdraw and pledge operations, which saves a lot of tedious steps and also saves a lot of handling fees, so as to achieve higher returns with less worry.

Judging from the current staking APY of Autofarm, the income is also very impressive. The annualized income of most trading pairs is APY100%+, while the CHE single currency pledge income APY has reached 197.56%; USDT-JF LP has achieved annualized 676.46% APY.

It is believed that Autofarm will become an important milestone in the development of the entire OEC ecosystem. With the continuous improvement of the ecology on the OEC, leading projects will gradually emerge. If you have the LP of the relevant currency pair in your hand, it is an excellent choice to pledge to Autofarm.