DeFi yield optimizers help give wings to the tokens you’re currently HODLing so that they can fly and multiply.
Any coin or token you’re holding right now should be working hard to make you rich.
You can make them work by staking, lending, farming, or other available DeFi solutions that help you generate passive returns on your tokens.
This way, you will systematically grow your portfolio without taking the unnecessary risk of trading or having to work your @ss off until you’re too old to work.
However, except you’re playing with a reasonable amount of money, and you’re “DeFi savvy” you may not be making enough to achieve financial freedom.
More so, with the ever, fast-changing DeFi landscape and increasing transaction fees, it’s hard to stay on top of your game and be profitable.
Manually balancing and rebalancing your portfolio, harvesting your returns, and reinvesting it in order to take advantage of compounding is a tedious task.
And that’s why yield optimizers and vault projects like Yearn Finance, Harvest Finance, Beefy Finance, JetFuel, Auto Finance, etc. have become very popular.
What are yield optimizers?
Yield optimizers are decentralized protocols or smart contracts that are programmed to automatically look for the highest available yields across multiple supported platforms, farm, harvest, reinvest the harvest, and compound your earnings automatically.
These protocols algorithmically scan the market to find the best yield farming opportunities and compound your earnings multiple times a day to give you the highest possible ROI (returns on investment).
When you provide liquidity into a pool on PancakeSwap for instance you earn a share of the trading fees and liquidity provider fees.
And also you’re given a liquidity provider 9LP) token for the pool you added liquidity to.
You can stake both single and LP tokens on most of the yield optimizers.
When you stake your tokens with them they help you collect your earnings (fees) from the pool, sell the tokens, split them accordingly, and reinvest them back into the pool.
They do this multiples times in a day which helps you earn even more through compounding.
Some harvest and reinvest your returns up to 4 or 6 times daily.
Which is why you will notice some crazy APYs on the yield optimizers platforms we will be talking about in this post.
Top 6 yield optimizers on BSC
By now, you may already know that I stopped using the Ethereum chain for any purposes since late December 2020.
And that has proven to be one of the best decisions I have made last year.
Aside from the fact that BSC is faster and cheaper than Ethereum, there are a lot of good projects with awesome APYs there to invest in.
Imagine earning up to 1% to 1.5%+ daily for months.
That’s what some of us have been enjoying for a while now.
Taking advantage of the yield farming various strategies and opportunities provided by the below top yield optimizers on BSC.
This list is made in alphabetical order only.
The first yield optimizer on the list isn’t necessarily the best.
And the last is not in any way the worst.
I suggest you read about each of them to see which offers the features that best suit your unique situation.
So, with that out of the way, let’s take a closer look at each of the top yield optimizers on BSC below.
1. ACryptoS
ACryptoS offers 2 products on Binance Smart Chain:
- The ACryptoS Vaults (yield optimizer)
- The ACryptoS StableSwap (a stablecoin DEX)
The ACryptoS vaults use creative and automated yield optimisation strategies, and multiple daily compounding to help grow your assets.
The yield optimizer allows you to deposit your single or LP token, and the protocol automatically farms, harvests, reinvest and compound your earnings for you.
The platform also has a Stablecoin AMM (automated market maker) that enables fast and efficient trading of stablecoins on BSC.
ACryptoS Fees:
ACryptoS charges a 0.5% withdrawals and 0.3% performance fees on your harvests.
The withdrawal fees are used to market-by the ACS token and distributed to ACS holders who have staked their token in the ACS vault.
While the performance fee is paid to the harvest callers.
Harvest callers are any user who decides to manually harvest a vault.
They will usually pay the fee for the harvest call and are rewarded with 0.3% of the harvests.
More so, the ACryptoS stablecoin exchange charges a 0.04% fee in the ACS/USD base-pool and 0.06% for other pools.
50% of the exchange fee is used to buy and distribute ACSI to ACSI holders who stake in the ACSI Vault.
The remaining 50% is given to the liquidity providers in the pools.
Finally, if you’re staking ACS and you make withdrawals you will be charged 10% fee on your harvests which is also distributed to all remaining ACS stakers in the vault.
The platform seems to favour more long term farming rather than short term profit seekers.
2. AutoFarm Network (AUTO)
AutoFarm Network is an automatic yield farming protocol and yield optimizer with arguably the lowest fees among its competitors.
The project is built on both the BSC and Huobi Eco Chain (HECO). With the aim of optimizing yields for users at the lowest possible cost.
AutoFarm uses its proprietary dynamic harvesting optimizer to determine the most optimal compounding frequency and enable the highest APYs for users.
The platform also has a DEX aggregator that routes your swaps across multiple DEXs to help you get the best rates.
The DEX aggregator works by splitting your trade across multiple DEXes to ensure the best prices and lowest slippage possible.
Moreso, your trades are guaranteed to beat those whale bots that front-run ordinary users.
Autofarm is known for its low fees.
The platform charges a 0.1% controller fee, an AUTO buyback rate of 1.5% on all harvest profits, and an entry or deposit fee of 0.1% on capital.
These fees are similar to what the other platforms charges.
The only difference is that, whereas you pay the 0.1% fee on deposits on Autofarm, you pay the same fee on withdrawals on other platforms.
So technically, you will most likely pay more on other platforms, given that your withdrawals will be higher than your deposit if your farming was successful.
But on Autofarm you pay that 0.1% only when you deposit.
For example, if you deposit $100 and it grew to say $5,000 you will only pay a 0.1% fee on $100 on AutoFarm and 0.1% on the $5000 on other platforms.
Making Autofarm more appealing because you pay a lesser amount in fees.
3. Beefy Finance (BIFI)
Beefy is the first and only yield optimizer on BSC that I have used so far.
But I would be testing others very soon.
Beefy is a yield optimization protocol on the Binance Smart Chain that leverages the low transaction fees on BSC to automatically help users farm, harvest, reinvest, and compound their single or LP tokens.
I think I got hooked because of the simple and easy to use user-interface, as fees have not been a consideration for me so far on BSC.
But soon I will be exploring other platforms just to gain a first-hand experience of them.
Holders of the BIFI token, enjoy governance rights and privileges and a portion of all vaults’ performance profits.
Beefy Fees:
Beefy charges a 0.05%-0.1% withdrawal fee on all vaults. charged on the total amount you withdraw.
All other fees, such as gas fees for harvesting and swapping are already included in the APY calculation.
Beefy also charges a 0.5% performance fee on all vaults. Which is distributed among BIFI holders in the BIFI Maxi pool.
4. Fry World
Fry World is one of the first yield optimizers on BSC.
There’s a 2% transaction fee on all transfers involving the FRIES token. Such as wallet to wallet transfer of FRIES, staking, unstaking, swapping, etc.
50% of this fee is permanently burned and the other half goes to what’s called the Strong Fries Reserve.
From where it is distributers to FRIES stakers.
projects to build the infrastructure required for yield optimization strategies on the Binance Smart Chain. The project has successfully deployed various sets of strategies and is further developing innovative solutions within the rapidly growing DeFi ecosystem.
5. JetFuel Finance (FUEL)
Jetfuel.Finance is an aggressive yield farmer and DeFi ecosystem on the Binance Smart Chain.
The project is a one-stop-shop for DeFi users with its range of DeFi products and services which includes:
- Yield farming and yield optimization
- An AMM with a bridge between Ethereum and BSC
- Lending and borrowing platform
- Launchpad
- Staking platform
Everything you need under one roof.
Jetfuel automatically harvests and compounds your yields for you every 4 hours (6 times) in a day.
Which makes it able to provide unbelievably high APYs to users on its platform.
Currently, I am farming in the FUEL/BNB vault on Beefy with 1.2% to 1.5% daily APYs.
I find the Jetfuel platform a little complicated, compared to Beefy which I have been using, and I wasn’t ready to use it yet.
Plus I am kinda comfy with Beefy being my “first love” yield optimizer on BSC.
So I will take my time.
Probably, I will take some profit and stake FUEL on the Jetfuel staking platform sometime soon.
Because the returns are much higher compared to what you get farming it on Beefy.
Jetfuel fees:
Jetfuel also has a token mechanism that charges 2% tax on all transactions involving the FUEL token.
And a 0.5% withdrawal fee on all vaults.
The more complicated of the fees is with JETS transactions.
Now JETs is the governance token of Jetfuel which enables holders to vote and submit proposals.
Converting FUEL to JETS earns you more FUEL from over 6 different sources (all activities on Jetfuel) but you’re charged an extra 2.5% tax when you convert JETS back to FUEL.
So when staking JETS you may want to do that for the long term and not just hopping and hopping out.
Otherwise, you will come out with a loss. Or at best, zero gain.
Jetfuel has a lot of potentials and I’m glad I started farming it early.
I plan to HODL for long term as long as the team keeps building.
6. PancakeBunny
Bunny helps CAKE lovers get more CAKES
PancakeBunny is a yield optimization platform on BSC that enables users to easily and automatically compound their yields.
The protocol calculates the most optimal compounding frequency and automatically compounds your tokens for maximum profit.
When farming on PancakeBunny, you earn the single or LP token you deposited as well as the BUNNY token.
As 30% of the harvests are used to buy BUNNY and distributed among all farmers on the platform.
PancakeBunny fees:
PancakeBunny charges a 0.5% withdrawal fee.
The project is planning to launch a cross-chain project, which will allow ETH-BSC crossover.
So that Ethereum users can get a break from insane fees and start enjoying true yield farming on BSC.
Conclusion
The major appeal of yield optimizers is that they help you to automatically compound your earnings.
The protocol does all the work while you profit.
Doing it personally is extremely inefficient and nearly impossible.
Because it’s hard to know the optimal frequency and timing of when to compound and reinvest your yields for maximum return.
And do you really have all the time in the world making hundreds of monotonous transactions daily?
I guess not.
And because the fees are extremely low and transactions very fast on BSC, yield optimizers are able to execute multiple complex transactions to help generate greater yields for investors.
Which explains why you see some absolutely insane APYs on these platforms.
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