Best Yield
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A lending aggregator that aims to offer the highest yield for supported stablecoins at all times. It does this by programmatically allocating these assets across several lending protocols operating on the Ethereum and the Polygon blockchains.
Best Yield benefits users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise.
End users and integrators do not need to have proficient knowledge of the underlying protocols involved or DeFi.
Users' funds are pooled together in the main contract (one for each token supported by Idle) in order to minimize gas paid for reallocating funds and provide, at the same time, the highest aggregated interest rate for all pooled funds.
Interest rates are constantly monitored, and an off-chain bot computes the exact allocations to maximize aggregated APY. If for a given pool, the current on-chain allocations are different from the newly calculated one, the smart contract receives new allocations and the pool gets rebalanced.
This strategy has been battle-tested since mid-2019, and it’s considered one of the most resilient in the entire DeFi space.
Last modified 2mo ago