Background

Base Yield

BaseYield is a Decentralized Finance (DeFi) Yield Optimizer project, that helps users to earn more of the cryptoassets that they love through the magic of autocompounding.

Open-source DeFi applications aim to be permissionless and trustless, meaning that anyone can interact directly without the need for a trusted middlemen. By keeping all code public and verifiable on the blockchain, anyone is able to verify how DeFi works and bypass the need to trust that a service is safe. BaseYield leverages these characteristics to deliver hundreds of yield opportunities from across the ecosystem to users in a safe and decentralized manner, through one simple-yet-beautiful interface.

Through its battle-tested vault and strategy contracts, BaseYield maximizes the rewards available to users from liquidity pools (LPs), automated market makers (AMMs), and other yield farming opportunities. It does this by automatically claiming, swapping and redepositing rewards, unlocking exponential returns through autocompounding. By automating the process, BaseYield saves time, increases efficiency and circumvents the user risks in manual yield farming, to offer a substantially better experience. In sharing gas fees and aggregating volume, BaseYield's contracts are able to compound (or harvest) rewards far more frequently than users can, meaning much yields. Overall, BaseYield offers a huge advantage to users when compared with farming manually yourself. It's a simple win-win formula.

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