How Bolide.fi works
Bolide.fi, a user-friendly self-custody decentralized finance (DeFi) yield optimization platform, is revolutionizing the way people invest in cryptocurrencies. The platform accepts deposits in various cryptocurrencies such as Bitcoin (BTC), Ether (ETH), stablecoins and altcoins, allowing users to enjoy passive income without any restrictions on their assets.
Powered by smart artificial intelligence strategies, Bolide.fi automates mundane yield farming tasks, reducing risks associated with impermanent losses and liquidations. The platform has gained popularity due to its high APYs for single-asset deposits, and thousands of users have benefited from its “deposit-n-go” philosophy. Additionally, Bolide.fi provides investors with the flexibility to withdraw their funds at any time.
The platform’s security is paramount, and it has undergone an audit by Hacken, with a second audit currently underway to ensure the safety of its smart contracts. Bolide.fi rewards its users in BLID, its native token, which has a stable market price thanks to the “buy back and burn” strategy employed by the platform.
With its straightforward design and healthy tokenomics, Bolide.fi has quickly become a go-to retail DeFi product for many investors. Bolide.fi has ambitious plans for 2023 and aims to become an entirely cross-chain product, delivering unique features to its community while remaining committed to its primary goal of producing the highest possible APY for customers with the lowest risk.
Launching APY Boosting v2
In line with the roadmap, Bolide.fi is happy to announce the release of a new feature: Boosting v2.
As of March 13, users of Bolide.fi will have the opportunity to significantly boost their APYs by depositing BLID tokens on top of their existing vault deposits. This new feature, Boosting v2, enables users to increase their yield by up to 20% annually, with the actual increase proportionate to the amount of BLID tokens they deposit. The new feature is available across all vaults — BTC, ETH, stablecoins and altcoins.
By depositing BLID tokens, users not only increase their potential earnings but also demonstrate their commitment to the Bolide.fi ecosystem. This move will encourage more investors to hold the native token, driving up demand and creating a virtuous cycle of value creation.
In addition to that, Bolide.fi will continue to offer its existing benefits, such as the ability to withdraw deposited funds at any time, no lock-up periods or deposit limits, and complete control over the user’s assets. Bolide.fi is committed to providing its users with a range of innovative features that enable them to maximize their returns while minimizing their risk.
Why is it beneficial to the protocol?
Despite the challenges presented by the bear market, the Bolide.fi team remains committed to building the simplest, most robust DeFi product on the market. However, in addition to creating an innovative platform, the team is also focused on increasing the utility of its native token, BLID.
By adding more utility to BLID, Bolide.fi is creating a virtuous cycle that benefits both the platform’s users and its investors. As more users opt to use BLID for boosting their APYs, fewer tokens will be available in the free market, potentially driving up the price of the token and increasing the value of the yield earned by users.
Furthermore, as Bolide.fi expands its ecosystem and introduces new features, it is likely that the demand for BLID will increase, further driving up the value of the token. With a clear vision for the future and a commitment to innovation, Bolide.fi is poised to become one of the leading DeFi platforms on the market, delivering value to both users and investors alike.
Bolide.fi: Yield farming done for you with awesome APYs
With companies such as Bolide.fi, you can start with any amount and invest in a vast range of staking and farming options while choosing a risk strategy that best suits your risk appetite. Even better, there’s no lock-up period, and you can get APYs of up to 30%!
Here are some of the benefits of investing with Bolide:
- Low-risk, market-leading yields of up to 30% APY
- Earn an extra 20% staking your BLID tokens and enjoy 11% APY on farming
- Start investing with any amount
- Hands-off, passive automated investments using your stablecoins
- No lock-up period access your funds and profits instantly
- No withdrawal limitations
Starting your yield farming and staking journey is easy with platforms like Bolide. Simply visit www.bolide.fi, connect your crypto wallet, deposit preferred cryptocurrency, and you’re good to go.
Start earning interest at the speed of light with Bolide today!