APY.Finance

Overview of APY.Finance

  • APY.Finance (APY), a next-generation DeFi yield farming aggregator, today announced it has closed a $3.6 million private round of funding from Alameda Research, Arrington XRP Capital, Coingecko, Cluster Capital, the LAO and other prominent DeFi thought leaders, including Santiago Roel Santos (Parafi Capital) and George Lambeth.
  • APY.Finance, a yet-to-launch decentralized finance (DeFi) yield farming aggregator, announced Monday it has completed a $3.6M seed funding round joined by investors including Arrington XRP Capital, Alameda Research, Cluster Capital and CoinGecko.
  • APY.Finance’s mining contracts incentivize users to provide liquidity in the form of the DAI, USDC, and USDT stablecoins, with users rewarded with the platform’s governance token, APY.
  • APY.Finance puts your farming on autopilot by presenting a single interface for depositing funds while spreading them across multiple DeFi platforms.
  • APY.Finance – an automated yield farming platform – has released details for their upcoming alpha and a new governance token – APY.
  • APY.Finance price Index provides the latest APY price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.
  • APY.Finance's share of the entire cryptocurrency market is 0.00% with the market capitalization of $ 38.36 Millions.
  • APY.Finance is soon launching a liquidity mining program to reward product users from the community with APY tokens.
  • APY.Finance reached its highest price on February 25, 2021, when it was trading at its all-time high of $ 2.81.
  • APY.Finance is a smart contract protocol that was developed to be used like a robo-advisor for yield-farming.

    • Network

    Although the platform employs complex background formulas, it presents a smooth and easy-to-use user interface.Here, we look at the intimate workings of APY.Finance’s network.

    APY Finance: yield farming DeFi robo-advisors?

    APY Finance is a project that aims to attract more people to the decentralised finance (DeFi) wave, promising automated profit-generating opportunities through its own protocol.

    Ready to try it out?

    Get started for free, then add your whole team.You can always talk to sales if you’re interested in advanced plans.

    What is the Annual Percentage Yield?

    The annual percentage yield (APY) is a normalized interest rateInterest RateAn interest rate refers to the amount charged by a lender to a borrower for any form of debt given, generally expressed as a percentage of the principal.based on the compounding period of one year.The APY provides a standardized representation of the underlying interest rates of financial products.

    What is APY Finance?

    APY Finance is a decentralized yield farming protocol that offers different profit strategies out of a single, unified liquidity pool.It gives traders exposure to different DeFi projects with just one deposit which effectively diversifies their portfolio while mitigating all the potential risks involved (e.g.smart contract risks or price volatility).

    So what does this all mean for your wallet?

    Simply put, the higher the APY, the faster your balance grows.If you have two similar interest rates, the more frequently interest is compounded, the higher the APY will be.Those higher APYs can mean more savings for you.

    What is APY?

    APY indicates the total amount of interest you earn on a deposit account over one year, assuming you do not add or withdraw funds for the entire year.APY includes your interest rate and the frequency of compounding interest, which is the interest you earn on your principal plus the interest on your earnings.As you can see, APY takes into account several factors to give you a big-picture view of your earning potential.

    What Is APY?

    When opening a bank account, there are a number of factors to consider, including the APY.Short for annual percentage yield, APY is a way to measure how much your money may grow over time as you earn interest on your deposits.

    What is APY (annual percentage yield)?

    APY, a commonly used acronym for annual percentage yield, is the rate earned on an investment in a year, taking into account the effects of compounding interest.APY is calculated using this formula: APY= (1 + r/n )n – 1, where “r” is the stated annual interest rate and “n” is the number of compounding periods each year.APY is also sometimes called the effective annual rate, or EAR.

    What Is APY?

    Annual percentage yield is a way to measure the amount of money earned on an interest-bearing account, annualized over the course of a year.In other words, this is a way to measure how interest compounds over time.

    Why APY?

    While you would think APY will simply chase the highest yield at any time, the protocol will take adjusted risk into account to help mitigate potential downsides.

    History of APY.Finance