In a blog post published on Autofarm’s medium page May 23rd, the company announced the completion of its integration with Polygon, meaning the two ecosystems will now be able to operate cross-chain more effectively. A cross-chain yield optimizer, a DEX aggregator, and an intelligent portfolio manager make up Autofarm. There were over 87 vaults on Binance Smart Chain (BSC) and Huobi ECO Chain (HECO) before integration with Polygon (MATIC)
21 new vaults have been added to Autofarm’s ecosystem thanks to the integration with Polygon. Among them are QuickSwap, ComethSwap, SushiSwap, and Curve vaults.
A 0.2% controller fee is the only difference between the fee structure in Polygon vaults and that of BSC vaults. Furthermore, users who staked AUTO tokens in the BSC single AUTO vault will have the ability to determine which percentage of tokens should be allocated to burns and which percentage should be reserved for revenue sharing.
“Autofarm’s partnership and integration with Polygon mark just one of the many goals we have moving forward in 2021 — significantly improving our cross-chain capabilities,” Autofarm said in the announcement.
In the coming weeks, Autofarm’s DEX aggregator AutoSwap will be aggregating liquidity from DEXs powered by Polygon.
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Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
