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Revo - Tokenized, Auto-Compounding Yield Farming & DeFi On-Ramp

Open jophish opened this issue 3 years ago • 0 comments

Revo

Revo is a DeFi platform and protocol for fully decentralized auto-compounded yield farming at negligible cost. Users are able to directly swap any ERC20 token for tokenized shares representing an auto-compounded position in an underlying yield farm.

Traditionally, yield farming optimally required deep knowledge of the underlying DeFi platform; manual reinvestment of rewards is a cumbersome and painful process. Current auto-compounding solutions take a huge share of the yield as payment, and still require in-depth knowledge of the platform in order to even get started.

With Revo, you can swap any ERC20 token (think: cUSD, cEUR, CELO) directly for auto-compounding shares of a yield farm. As time goes on and your shares get auto-compounded, they'll be worth more and more of the underlying LP. This is perfect for crypto newbies who want access to high yield without deep knowledge of DeFi platforms. No daily claiming of rewards, swapping, minting LP, and re-staking into a farm. With Revo, anyone can "zap-in" to an auto-compounded yield farm with any ERC20 token they have.

Because Revo's auto-compounding shares are implemented as ERC20 tokens themselves, Revo also allows users to swap directly between auto-compounding stakes in different underlying yield farms. This is incredibly desirable for crypto newbies and DeFi power users alike, since this was previously an immensely painful process. Want to chase auto-compounding yield between different farms or diversify your portfolio? No problem.

Check out a deep-dive on Revo's structure and protocol design here.

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jophish avatar Nov 28 '21 21:11 jophish