How Do Yield Aggregators Work?

Written by elagai | Published 2021/09/23
Tech Story Tags: decentralized-finance | decentralized-internet | yield-farming | yield-aggregator | amm-defi-dex | polygon | profit | hackernoon-top-story

TLDR The main profit generators in DeFi are decentralized exchanges and loan services. Yield Aggregator optimizes the ways to get this profit for maximum efficiency. It can include hundreds of farms and vaults that generate profits from dozens of different decentralized services with different business models. The user does not even need to do anything, the user does everything for him. For this work, the vaults charge a certain percentage for each automatic compounding. For example, the Old Vaults use 4.5% of the profit in order to increase the Dividend Funds in a certain proportion.via the TL;DR App

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Written by elagai | Cryptocurrency | DeFi | Yield farming
Published by HackerNoon on 2021/09/23