Sponsored

Bloomify: An Advanced DeFi Yield Optimizer

DeFi users now have diverse strategies to auto compound, reinvest gains and spread investments without skipping profit-taking.

Full Launch, Unique Features

Advanced DeFi yield optimizer Bloomify recently announced its full launch on August 31, 2022. The launch comes with a new user interface (UI) and unique features, including Accumulators and Profit Takers to simplify investing for DeFi lovers.

What is Bloomify

Bloomify is an advanced Decentralized Finance (DeFi) yield optimizer that encourages responsible profit-taking, automated compounding, and diversification by reinvestment strategies. The protocol allows users to select from multi-layer profit-taking and reinvestment strategies in liquidity pools (LPs) and farms. Users can select from Accumulators, Profit-Takers, standard Vaults, Farms, and semi-customizable advanced strategies.

Traditional yield optimizers have so far created ways that enable users to auto-compound liquidity pools (LPs), that is, reinvesting all yield from a liquidity pool back into the same pool. This strategy does not encourage profit-taking, and diversification, both of which are essential for smart investing. Without a profit-taking strategy, users could end up compounding their way into losses. Bloomify expands on this concept of auto-compounding by adding the ability to take a percentage of your yield on an LP as profit back to your wallet, reinvest a percentage back into that LP, and then deposit the remainder into another farm or a different LP. Instead of simple auto-compounding, users will have the ability to invest in multi-layered strategies while making profit-taking a part of the process.

By creating options through streamlining typically complicated processes, Bloomify aims to expand its reach well beyond the experienced DeFi users. The diverse strategies will provide all caliber of users with an array of options that fit different markets and investing styles.

Bloomify Unique Features

  • Ensures you always take profit, whether for passive income or to recover your initial investment.
  • Use Accumulators to DCA into your favorite blue chips (BTC, ETH, BNB) using your stablecoin profits.
  • Select strategies that combine your favorite stablecoin LPs with popular protocols like PancakeSwap or native Charge farms.
  • Single wallets can have infinite strategies - no need to have multiple wallets to spread investment.
  • Set up Advanced strategies once and run them as often as you like.
  • Invest in multi-layered strategies instead of simple auto-compounding.
  • Save on costs and time by using Accumulators, Profit-Takers, Vaults and remove manually managing your compounding and ensure you are taking profit every time.

Audit check

Bloomify smart contracts have been internally audited by the developer team and Peckshield, a blockchain security and data analytics company. Bloomify’s ongoing development means that the contracts will continue to pass through audits as new features get added.

Tokenomics

Bloomify operates a dual-token model - $Charge and $Static. Both tokens exist on BNB Chain and the Fantom Network and can be purchased on PancakeSwap and SpookySwap, according to the network.

$Charge: A platform token that can be held and staked to earn a portion of Performance Fees. User rewards increase as the TVL and investment into Bloomify increase.

With a maximum supply of 200,000 across all chains, users can earn on BNB Chain by farming on Bloomify and on Fantom when the migration of FTM to Bloomify is complete.

$Static: A reward token used to share Performance Fees with $Charge stakers. The token can be used to pay discounted Run Fees on Advanced Strategies.

With a maximum supply of 529,028.67 across all chains, users can earn $Static by staking $Charge.

About the Team

Bloomify is a product of Charge Ventures, a legally registered entity in Dubai. The Bloomify team boasts decades of experience in tech, telecom, IT, and entrepreneurship, as well as a cryptocurrency background, majorly decentralized finance.

Learn more about Bloomify and stay updated with future developments via the following links:

Website | Twitter | Discord | Telegram Announcement | Telegram Chat | Reddit

How would you rate this article?

Related News