Yield Farming is the most successful feature in recent days of CougarSwap Ecosystem. However, to take advantage of this aspect, we have developed Cougar Vautls for users to make as much profit as possible through providing liquidity in Yield Farming.
Yield Farming is capable of generating a strong influence in the DeFi market which is undeniable. The market has grown so fast, this event has led to many projects launching with similar programs to attract liquidity providers making DeFi hotter than ever. As a matter of fact, liquidity is poured from one protocol to another day by day because of the high profit plus the strong appreciation of the governance token led the capital to move into Defi protocols for farming and making profits with most of the Yield Farming strategies yielding APR/APY. If you are fully knowledgeable about Yield Farming as well as the benefits it brings, the return on investment will be huge. However, there are still some risks of Yield Farming, as most of the protocols are developed based on open source code, making investment management more difficult, especially when the liquidity provision is limited. It may cause LPs to become involved (impermanent loss) when the price of an asset in the pool fluctuates very quickly... or LPs may be completely withdrawn when providing liquidity as well as risk when investing in projects that you don't understand.
Understanding this, Cougar's development team developed the Vault feature, a method of protocol bootstrapping through Yield Farming that can influence other protocols, to go up together. For more details, when users accomplish a purpose of using Vaults, Cougarswap will automatically help users optimize Yield Farming returns. Therefore, users will take full advantage of Yield Farms by just simply depositing into “Vaults”, which is the term for the auto-compounding contracts. Given the fact that normal users will have to approve a lot of transactions for tracking of profits or losses and it can be very time-consuming which is also very expensive because it will generate a lot of gas fees. The Vaults allow depositors not to be concerned about investment portfolio considerations because we will maximize your returns on various yield farms. As a part of our vision, we will take care of the hard work for you and give you a readout of the performance for the underlying LP tokens as well the additional profit from using any of the vaults. The most special thing about this feature of CougarSwap is that you will receive an amount of CSGV based on your amount of deposited token as $CGSV (Cougar Vault) and only vault users will be able to mine $CGS tokens in addition to the yields from auto-compounding vaults.
In conclusion, we would like to extend our sincerest thanks to your support in the past. Hope this new feature will strengthen your faith in Cougar for future plans.
