Singapore Aug 13, 2021 - Beowulf Blockchain, the global leader for decentralized cloud communications, announced today their support for on-chain AUTOFARM and PANCAKESWAP farming services on its centralized DeFi exchange platform, DeFiato. This groundbreaking on-chain farming service allows mass users, who want to earn money for their holdings, to do so freely without technical barriers, just as they normally would in centralized environments.
Farming on decentralized aggregators is intrinsically more complex for most people since they are often unfamiliar with the concepts of public/private keys and/or the management of the Metamask. Also, due to poor technological knowledge and the high risk of hacking associated with the handling of private keys on decentralized platforms, this could result in the complete loss of crypto assets. Take Autofarm -- one of the most popular decentralized farming aggregators -- for example, as there are several complicated steps required for users to set up before they are able to participate in farming. Therefore, access to such on-chain farming services for financial rewards is limited to only a few.
Additionally, off-chain farming from centralized exchanges is very limited due to the availability of the pools that centralized exchanges produce in their offerings to their users. Therefore, the available options for finding great financial products off-chain that are not suitable for the needs of the typical users . For example, many pools used by big exchanges offer an interest of around 4%-6% for USDT, but on-chain pools can offer as much as 25% APR.
DeFiato is a centralized platform with a clear goal of providing first-class infrastructure within the context of DeFi, while at the same time, bridging the gap between "Fiat" and "crypto" effortlessly towards mainstream acceptance. In distinguishing itself from other platforms, DeFiato has proven itself as the crypto-monetary platform for future generations, as it is characterized by its simplicity and security. DeFiato removes all obstacles to access, and offers all users, including newcomers, the same capacity as the big names to support their favorite blockchain projects, all while earning benefits by relying on its intuitive interface and excellent Customer Service, along with integrated analytics and actionable token insights for their users.
With DeFiato, masses of users can now access and enjoy on-chain farming like those of AutoFarm or PancakeSwap services. Rather than being concerned about how investments are made or pushing themselves to scan farming techniques on AutoFarm, traders can simply go to the DeFiato website, select preferred coins or any crypto projects, and then click "farm/ stop farming/ harvesting." All of the hard work will be completed in the background through this centralized platform. DeFiato acts as a trusted bank, ensuring that customers receive their yield farming pool returns on time and without worry about losing their wallets or private keys.
Simply put, by tightening security, improving the user experience of their products, and providing reliable customer services, DeFiato has played an integral role in developing public and institutional trust in blockchain technologies and their underlying cryptocurrency assets. This revolutionary on-chain farming service enables mass users who want to earn money for their holdings to do so freely and without any technical barriers, just as they do with their centralized exchanges.
"Our mission is to empower users not only to have the opportunity to earn, but also take part in the decentralization of cryptocurrency networks, and in the process, usher in a new era of blockchain and crypto adoption like never before." said Dr. William H. Nguyen, founder of DeFiato.