The DeFi space saw the entry of a new yield farming platform on August 8, with APY Finance announcing its imminent launch. APY Finance offers automated yield farming for users to receive the best possible returns.
- APY Finance is currently undergoing testnet evaluation
- The team designed the platform to “democratize yield farming by making it accessible to the average user”
- Team expects “massive gas savings in excess of 99%”
- Pool ownership is represented with APT tokens, which can be redeemed
- Governance will eventually be handled with the APY governance tokens
- Alpha launch expected in August/September 2020, followed by Balancer (BAL) farming
- An Initial Dex Offering (IDO) will also be organized
Related Reading:
- Kyber Network (KNC) brings more yield farming to DeFi
- Ampleforth (AMPL) launches Geyser yield farming
