April 21, 2022 — Bolide, the next-generation decentralized finance (DeFi) yield aggregator, has announced the launch of its low-risk, high-yield strategy, allowing users to easily and reliably earn a boosted APY rate of up to 30% on stablecoins. Following the successful completion of its closed beta phase, it’s now launched on BNB Smart Chain, with an Avalanche deployment expected soon.
Bolide is designed to be a one-click platform for crypto investors of all levels that want to safely and reliably grow their crypto assets. Users don’t need to choose between dozens of vaults with different input tokens — the protocol simply accepts Tether (USDT), USD Coin (USDC), Dai and Binance USD (BUSD), which are then deployed to earn yields through a combination of lending, borrowing and farming.
Here is an example of how the strategy works: Bolide uses decentralized exchanges’ (DExs) liquidity provider farming tokens, which — thanks to an integration with lending protocols — means the price exposure is minimal. All complexities regarding curation of assets, portfolio management and compounding gains are fully managed by Bolide.
The low-risk, high-yield strategy has been reliably back-tested, achieving top-APY rates despite the market’s volatility this year. APY rates have reached 30%, with an average of 12% in March. The algorithm constantly switches between protocols and farm pools to maintain the highest possible yields, using only audited DeFi projects with a total value locked of more than $1 million.
Bolide pays yields in its native token BLID, the project’s governance token that allows users to make decisions about future features, partnerships and even marketing campaigns. Users can exchange BLID into any other tokens on DEXs, such as PancakeSwap or Uniswap. It has no minimum deposits and no lock-up periods, giving maximum flexibility to users.
“We are extremely pleased with the results of our closed beta test. Investors who signed up were impressed with the platform’s ease of use and our top market rates. By the end of 2022, we aim to have also launched our medium- and high-risk strategies with up to 30% APY on the most popular blockchains: BNB Smart Chain, Avalanche, Polygon, Cardano and Solana,” said a core Bolide project team member.
The Bolide team is also working on BLID staking and liquidity-pair farming for BNB-BLID, which will be launched sometime this month.
Bolide is a next-generation decentralized yield aggregator that optimizes the deployment of digital assets on multiple DeFi investment platforms to save investors time, money and earn them the highest possible yields.
Powered by advanced AI and the use of smart contracts, Bolide allows crypto customers worldwide to invest crypto assets into automated-investment Bolide Strategies at low, medium and high risk, generating top-market yield without requiring users to bridge assets or worry about manually compounding gains.
Bolide has successfully raised $3 million in its first seed private token sale. These tokens will be locked for a year.