We know that most of you waste time reinvesting your rewards every few days/weeks without having any idea if you’re really earning money or even don’t and let your rewards sleep — you’re losing yield.
That time is over with Autoscale.
What is Autoscale ?
Autoscale is the first yield optimizer on Elrond (now MultiversX) that allows you to earn better interest on your cryptos.
This works with vaults and strategies; our team develop a set of strategies for different assets, such as auto-compounding for LKMEX or EGLD-USDC, etc; and the strategies are based on a vault.
Just deposit your funds in the vaults and the strategies do everything for you. Needless to say, because it’s obvious, the vaults are secure and the strategies are enforced by smart contracts.
In simple terms, Autoscale will make it easy for you to maximize your yield and all this passively, you will save time, be able to track your investments easily, etc.
To do this, we leverage the Elrond DeFi ecosystem for our products, which means that wherever there is yield on Elrond, we will be there to build products on top of it and maximize that yield.
On one condition: the underlying platform must have a sufficient security score, which we will define, otherwise, we will not build on top of it.
Our ambitions
Our goal is to facilitate access to returns in DeFi through an intuitive platform and a suite of decentralized finance products that allows you to manage your money more efficiently: earn more, save time, analyze your investments, forecast income, etc.
We believe Elrond is the best blockchain for crypto adoption, even with the best DeFi apps on other chains (and in general there is a big UX issue with DeFi apps), you will still have UX issues because of the chain or wallet used for it.
On Elrond, we have one of the most scalable blockchains, fast transactions and the UX has even been thought in the development of the blockchain; and we also obviously have Maiar.
Autoscale was designed to provide easy access to financial services for the next billion users, so the choice to build on Elrond was the most obvious one. Our main priorities are to provide excellent, powerful, and useful products with a great UI/UX.
Where are we in the development ?
We have been building for months and are very close to releasing a closed beta and hopefully a public beta a few weeks later. Then, after several phases of testing and security audits, Autoscale will be released on the Elrond mainnet.
We are so excited that we will soon be able to unveil the entirety of what we have been working on for a while.
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