Smart Farming is an advanced yield looping engine built as part of Metronome’s suite of tools to enhance APY for users.
Smart Farming is an advanced yield looping engine built as part of Metronome’s suite of tools to enhance APY for users.
What is Smart Farming?
Over the past few months, the Metronome team has been laser-focused on developing our most innovative feature yet, “Smart Farming.” This addition to Metronome’s growing suite of tools empowers users to maximize their Vesper positions by creating a self-sustaining financial ecosystem. Smart Farming is automated, removing the need for manual work and offering a more efficient way to loop yields through a single transaction.
How Does Smart Farming Work?
Smart Farming employs advanced yield automation technology to streamline complex strategies into a single process that enables users to loop their collateral. This process can be accomplished manually at a much higher cost, but by utilizing Metronome’s looping architecture, users can obtain the same result in a simplified, gas-sensitive process.
By depositing productive yield-bearing assets (supported vTokens), users can set their loop amount and generate synthetic assets that represent the same underlying assets as their collateral. This synth is then swapped for the original underlying asset on a supported DEX, such as Curve, and redeposited into the yield-bearing productive instrument (Vesper) to increase initial APY.
More to Come Soon
Make sure to stay tuned to our Twitter and Discord for the latest announcements regarding Smart Farming.