Bloomify
What is Bloomify?
Bloomify is an advanced Decentralized Finance (DeFi) yield optimizer that allows users to select from Accumulators, Profit-Takers, standard Vaults, Farms and customizable Advanced strategies.
Traditional yield optimizers lack flexibility and clarity for large scale adoption.
Traditional yield optimizers are great, yet they fail to take into account necessary aspects of savvy investing - taking profit and diversification. Absent the option to set aside a portion of gains to profit, users autocompound without attention - even to the point of losing money. Traditional yield optimizers aren't set up for encouraging diversification - you can do it manually but it's costly in both gas and time. Bloomify allows users to invest in multi-layered strategies instead of simple auto-compounding and ensure profit taking is part of the process.
Traditional Yield Optimizer
⚠️ 100% compound back into LP
⚠️ No profit taking option
⚠️ Investors may lack diversification and funds for opportunities
⚠️ Lack of flexibility - one size fits all solutions
Bloomify
✔️ Encourages profit taking
✔️ Encourages diversification by providing the option to invest profits into multiple locations
✔️ Encourages using profits to buy / accumulate different tokens with less exposure
✔️ Multiple options from basic autocompounding vaults, customizable strategies, and more!
Good to know: Content in this document is to be considered informational in nature and not to be construed as financial advice. This document will be revised as adjustments are needed. As with any investment, it’s wise to keep the following rules at heart:
• Never invest more than you are comfortable with
• Do Your Own Research (DYOR)
• Make an investment plan to manage your risks
New to Liquidity Pools?
Please read this section first. It is vital to understand LPs and Impermanent Loss before investing.
Last modified 1yr ago