Autofarm BOR/BNB LP Vault Strategy Featuring 1500% APY[Tutorial Attached]
Our friends over at Autofarm have created a Vault for BOR/BNB LP allowing you to generate a yield as high as 1,500% as of April 27, 12:00 UTC. With this strategy, users can deposit BOR/BNB on Pancake and then put the LP token they recieve into Autofarm to receive both vault rewards AND AUTO token.
Autofarm’s compound strategy is quite interesting. It deposits BOR/BNB in a farm on Pancake Swap, regularly harvests the $CAKE rewards it receives in return, sells them, buys more BOR and BNB, then reinvests them back into the Pancake farm.