DeFiHelper partners with Huckleberry: +697% yield!
Dear DeFiHelper community, we are thrilled to announce our partnership with the Huckleberry DEX.
Huckleberry is a decentralized exchange built on the Moonriver blockchain and using Wanchain bridges. Liquidity providers earn a 0.25% commission when exchanging tokens on Huckleberry. In addition to the exchange function, users can also lend or borrow cryptocurrencies on Huckleberry. Huckleberry farming pools offer over 100% returns.
Thanks to DeFiHelper, the users of Huckleberry can now track all their assets in one place, formulate investment strategies, and use the power of our аutostaking algorithm to increase the return on investment in Huckleberry pools. Auto-staking in the USDC.m/FINN pool yields up to +185%, and up to +697% in the FINN-USDT.m pool (statistics provided at the time of writing, and can change at any time).
If you are new to DeFiHelper, allow us to explain what auto-staking is. The DFH auto-staking feature helps increase the profitability (APY) of staking contracts across other DeFi protocols. The logic behind the vast majority of protocols on the market is the same — the user receives a reward on a staking contract for each block. However, the reward is not automatically added to the deposit and does not increase overall profitability. Our algorithm evaluates the efficiency therein, collects the reward, transfers it through an exchange, and then returns it to the bulk of the deposit. As a result, the end APY grows substantially by up to 150%, and sometimes as much as tenfold. It all depends on the APY contract, the amount of the user’s contribution, and the network commission at the time of restaking. The DFH auto-staking algorithm was developed by Ilya Munerman, a mathematician and lecturer at the New Economic School and HSE University.
If you want to use auto-staking to boost Huckleberry’s APY and are new to DeFiHelper, read our guide.
If you want to learn more about Huckleberry, check out their website and social media:
https://www.huckleberry.finance
https://twitter.com/HuckleberryDex
https://medium.com/@HuckleberryDEX
Should you encounter errors or find any difficulties in understanding any of the concepts, please do not hesitate to write to us in Telegram, Discord or by email at hello@defihelper.io.
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