Octafarm is an auto-compounding yield aggregator on Binance Smart Chain (BSC) that seeks to streamline the yield farming lifecycle by automating the reinvestment process to maximize earning potential. Octafarm aims to be the easiest gateway for sophisticated and non-sophisticated users to access the world of DeFi yield farming in an automated, simple and safe manner. Octafarm is focused on building a fully-integrated DeFi ecosystem for both crypto natives and the mainstream population.The core of Octafarm’s simple solution is the maximization of profits through automated compounding. With automated daily compounding, users who stake on LP pools that were earning 100% APR can now earn 161% APY without any need for manually reinvesting and wasting time or incurring gas fees. This auto-compounding function will be available to all LP farms across BSC network through Octafarm. On a high level, Octafarm makes it easy for anyone who wants to automate their yield farming reinvestment process so they can earn much higher returns. This entails the creation of smart contracts for each pool that Octafarm aggregates on our protocol. These smart contracts will automate the compounding process multiple times daily, so as to maximize users’ earning potential.

Octafarm

Octafarm is an auto-compounding yield aggregator on Binance Smart Chain

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The surge in online scams has drawn heightened regulatory attention towards the crypto industry. A recent case serves as a vivid reminder of the risks involved, where a Connecticut resident became a victim of a significant scam, losing more than $3 million to individuals falsely purporting to be associated with Kraken, a well-known cryptocurrency exchange. […]

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Counting The Loot: $3 Million Stolen In ‘Kraken’ Crypto Con – Details