And the devs at Autofarm just keep shipping! We are ecstatic to be announcing Autofarm’s latest integration with Celo, a mobile-first DeFi platform that makes financial dApps and crypto payments accessible to all, tying in closely with Autofarm’s own vision to make DeFi accessible and seamless to all types of crypto users through our multi-chain suite of products.
Celo is an open-source protocol focused on empowering anyone with a smartphone to access financial services such as making payments. The protocol runs on the more energy efficient proof-of-stake mechanism, is EVM-compatible and governed by its community of CELO token holders.
Already, Celo has a TVL of over USD $990 million and has processed 47 million transactions and counting! The protocol is also backed by heavyweights such as a16z, Polychain Capital and Coinbase among other notable investors in crypto and DeFi.
Autofarm is pleased to be introducing 9 new vaults from Celo that will enjoy our best-in-class yield optimising strategies for even better returns on their assets.
Recently, Celo partnered with SushiSwap in a joint USD $12.6 million liquidity program earning users both $SUSHI and $CELO for select vaults. Find out more about the liquidity program here!
Vault Fee Structure
- Controller Fee: 0.4%
- Platform Fee: 0.5%
- Vault Fee (Revenue shared with BSC single $AUTO vault): 2.5%
- Deposit Fee: <0.1% on initial capital (One-off)
- Withdrawal Fee: 0.0%
Additional details on vault fee structure can be found here.
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