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Autofarm started out as a project by founder @mildgiraffe who has a rich knowledge and experience of the crypto space and dealing with codes and smart contracts. He single-handly launched Autofarm and witnessed tremendous growth where the Total Value Locked (TVL) of the protocol went from a meagre <$5 million to $537 million in less than two months, putting Autofarm on the 3rd spot in TVL across the entire BSC space. Consequently, the price of AUTO went up roughly 654x in the same period of time, valuing Autofarm at about $442 million.
Vaults benefit users by socializing gas costs, automating the yield generation and compounding process. Given the efficient and reasonable cost-pricing model of Autofarm alongside the optimal compounding strategy which aims for efficiency between gas costs and compounding frequency, Autofarm stands out as the best yield aggregator in terms of final APYs. End users also do not need to have proficient knowledge of the underlying protocols involved or DeFi, thus the Vaults represent a passive-investing strategy. It is akin to a crypto hedge fund where the aim is to increase the amount of assets that users deposited.
