Savings Optimizer

How does YieldFi's fully automated Saving Optimizer work?

Our single token Savings Optimizer protocol automatically deposits users funds into various DeFi lending protocols that offer the best lending rates. It will monitor lending rates across multiple lending protocols and automatically transfer funds from lender to lender chasing the best rates and auto-compounding the interest earned as it goes.

This is like monitoring traditional banks' savings rates 24/7 and moving the capital to earn the highest interest rate when the banks change their rates.

When users deposit funds into YieldFi's Savings Optimizer Pools there is no need to monitor what protocols are offering the best lending rates or collect interest payments (yield), our protocol will do all that for you, all you need to do is deposit the single asset required for the pool and YieldFi will do the rest.

What is Decentralized Finance (DeFi) Lending?

DeFi lending is very much like traditional lending but far more streamlined. It is the depositing of digital assets in return for an interest rate (yield). The interest rate is paid by borrowers who will borrow these assets. DeFi lending uses smart contracts to instantly and seamlessly allow lenders to deposit funds into a lending pool, and allows borrowers to borrow funds from that lending pool instantly. YieldFi provides easy access to these Lending Pools via our fully automated Lending Optimizer Protocol.

Borrowers are required to provide collateral in excess of the amount they borrow (over-collateralized loans), meaning the risk of loss to the lender due to borrower default is dramatically less than with an undercollateralized loan.

If the value of the borrower's collateral gets close to 100% of the value borrowed, our smart contracts will automatically sell the collateral to repay the lender.

What lending protocols does YieldFi's Savings Optimizer interact with?

YieldFi monitors and deploys users' capital to the following 3rd party lending protocols in order to obtain the best lending rates for our users.

• Geist Finance

• Scream

• Iron Bank