Autofarm BOR/BNB LP Vault Strategy Featuring 1500% APY[Tutorial Attached]

BoringDAO x Auto

Our friends over at Autofarm have created a Vault for BOR/BNB LP allowing you to generate a yield as high as 1,500% as of April 27, 12:00 UTC. With this strategy, users can deposit BOR/BNB on Pancake and then put the LP token they recieve into Autofarm to receive both vault rewards AND AUTO token.

Autofarm’s compound strategy is quite interesting. It deposits BOR/BNB in a farm on Pancake Swap, regularly harvests the $CAKE rewards it receives in return, sells them, buys more BOR and BNB, then reinvests them back into the Pancake farm.

Useful Links:

⭐A video tutorial recording by Fugu, watch here.

1. BoringDAO APP (Ethereum version)

2. BoringDAO APP (BSC version)

3. BOR (ETH) contract address: 0x3c9d6c1c73b31c837832c72e04d3152f051fc1a9

4. BOR (BSC) contract address: 0x92d7756c60dcfd4c689290e8a9f4d263b3b32241

5. PancakeSwap APP (BSC)

6. Autofarm APP (BSC)

Tutorial for Experienced Users:

  1. Create BOR/BNB LP Position using Pancake Swap. If you already have BOR/BNB LP token staked (In either Boring Farm or Pancake directly), withdraw it
  2. Website:
  3. Find the BOR/BNB LP pool and withdraw the BOR/BNB LP to your wallet.
  4. Deposit BOR/BNB LP into Autofarm to get vault rewards and additional AUTO token.
  5. Website:
  6. Find the WBNB-BOR LP pool (PCSv2) and stake the trading pair LP to get ~1500% APY rewards.

Important reminder: Providing Liquidity can result in impermanent loss (IL), a feature of automatic market maker (AMM) exchanges that can result in loss of value of your crypto assets, sometimes significant . Always make sure to do your own research before participating as a liquidity provider.

Tutorial for Beginners:

1. Buy BOR tokens and some ETH (for Gas) from an exchange (Huobi/Sushiswap are recommended);

2. Withdraw tokens to Ethereum wallet that supports DeFi operation (Metamask,TokenPocket, MathWallet are recommended);

3. Transfer BOR tokens to the BSC chain using our “oPortal”;

4. Add BOR/BNB liquidity using Pancake Swap on BSC;

5. Login the website:

6. Find the WBNB-BOR LP pool (PCSv2) and unlock your wallet.

7. Enter the number of WBNB-BOR LP you want to stake, and then begin to earn vault rewards and additional AUTO token!

Congratulations, you are now starting to earn a compounded APY of~ 1,500%.

Reminder: Liquidity mining bears the risk of “impermanent loss” (IL). Please fully understand what IL is first in Binance’s tutorial here.

About Autofarm

Autofarm is a reward-mining aggregator running on Binance Smart Chain (BSC) with the highest total locked value (TLV) among vaults on BSC.

It is designed to optimize DeFi user’s earnings for various dApps in DeFi. AUTO is Autofarm’s native functional token used for governance and to pay platform fees.

About BoringDAO

BoringDAO is a decentralized multi-chain bridge and Bitcoin Layer2 solution. BOR is the native utility and governance token. BoringDAO is driven by the community and aims to build BitcoinFi on multi-chain.

Decentralized assets bridge access all blockchains.