Description
APYS is a Decentralized Finance (DeFi) Yield Optimizer project built on the NEAR Protocol that allows users to utilize their crypto more efficiently. Through a set of smart contracts, APYS automatically maximizes farming rewards across various vault strategies, by default auto-compounding yields on deposits to save users the effort of manual compounding and additional gas fees. An auto-farming mechanism automatically switches between strategies so that liquidity providers do not need to worry about rewards running out or capital sitting idle. APYS also offers a Bonus Rewards feature that allows third-party projects to purchase APYS tokens and add rewards to existing vault strategies, increasing the APY and attractiveness of participating in a strategy, thereby boosting liquidity for the third-party project's token. Its primary users are crypto holders and liquidity providers on the NEAR Protocol seeking optimized, automated yield farming returns, as well as third-party projects looking to incentivize liquidity for their tokens.