DeFi users now have various strategies to automatically compound profits, reinvest, 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 taking to make investing easier for DeFi lovers.
What is Bloomify
Bloomify is an advanced decentralized finance (DeFi) yield optimizer that encourages responsible profit-taking, automated compounding, and diversification through reinvestment strategies. The protocol allows users to choose from multi-layered profit-taking and reinvestment strategies in liquidity pools (LPs) and farms. Users can choose from accumulators, profit takers, standard vaults, farms, and partially customizable advanced strategies.
Traditional yield optimizers have so far created ways that allow users to automatically compound liquidity pools (LPs), ie reinvest all income from a liquidity pool back into the same pool. This strategy does not encourage profit-taking or diversification, both of which are essential to smart investing. Without a profit-taking strategy, users might end up suffering losses. Bloomify extends this concept of auto-compounding by adding the ability to take a percentage of your earnings on an LP back into your wallet as profit, reinvest a percentage back into that LP, and then deposit the rest into another farm or LP. Instead of simple auto-compounding, users will have the ability to invest in multi-layered strategies while making profit-taking part of the process.
By creating options by streamlining typically complicated processes, Bloomify aims to expand its reach well beyond the experienced DeFi users. The diverse strategies offer users of all calibers a range of options to suit different markets and investment styles.
Unique features of Bloomify
- Ensures you are always taking profits, whether for passive income or to get back your initial investment.
- Use accumulators to calculate your favorite blue chips (BTC, ETH, BNB) against your stablecoin profits.
- Select strategies that combine your favorite stablecoin LPs with popular protocols like PancakeSwap or native charge farms.
- Individual wallets can have infinite strategies – there is no need to have multiple wallets to spread investments.
- Set up advanced strategies once and run them as many times as you like.
- Invest in layered strategies instead of simple auto-compounding.
- Save cost and time by using accumulators, profit takers, vaults and eliminate manual management of your compounding and ensure you take profits every time.
revision test
Bloomify smart contracts have been audited internally by the development team and Peckshield, a blockchain security and data analytics company. Bloomify’s continuous development means that contracts will continue to undergo audits as new features are added.
tokenomics
Bloomify operates a dual token model – $Charge and $Static. Both tokens exist on BNB Chain and the Fantom Network, and can be bought on PancakeSwap and SpookySwap, according to the network.
$Fee: A platform token that can be held and used to earn a portion of performance fees. User rewards increase as TVL and investment in Bloomify increase.
With a max supply of 200,000 across all chains, users will be able to earn on BNB Chain by farming on Bloomify and on Fantom when FTM to Bloomify migration is complete.
$static: A rewards token used to share performance fees with $Charge players. The token can be used to pay reduced run fees for Advanced Strategies.
With a max supply of 529,028.67 across all chains, users can earn $Static by betting $Charge.
About the team
Bloomify is a product of Charge Ventures, a legally registered entity in Dubai. The Bloomify team has decades of experience in technology, telecom, IT and entrepreneurship, as well as a background in cryptocurrencies, mainly decentralized finance.
Learn more about Bloomify and stay up to date on future developments with the following links:
Website | Twitter | discord | Telegram Announcement | Telegram Chat | Reddit
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