ACryptoS is a yield farming optimizer on BINANCE Smart Chain (BSC). The platform is designed and aimed at longer-term investors looking for sustainable tokenomics, safety, and careful risk management. With vaults and farms, ACryptoS offers users a yield farming optimizer, while StableSwap provides a decentralized exchange specifically for stablecoins.
The team at ACryptoS state it was an intentional decision not to try and attract the “hot” money, chasing the highest yields and latest hyped degen projects. Instead, ACryptoS wants to target “smart” money. This would be for example people who are willing to show more commitment to a project, and in return get to farm tokens with sustainable value.
How it works
Farms are the place where the platform distributes the native tokens of ACryptoS: ACS, and ACSI. Once users deposit assets into a vault or StableSwap product, they have the option to stake the vault or liquidity tokens they receive back into the corresponding farm. Vault tokens will yield ACS, and liquidity provider tokens will yield ACSI as a reward.
StableSwap is an automated market maker (AMM) protocol based on Curve’s specialized algorithm tailored for stable coins. ACryptoS is offering the first AMM for stable coins based on BSC in order to offer users both faster and significantly cheaper trading than on the Ethereum exchanges. Additionally, ERC-20 Tokens can be crossed over from Ethereum to Binance Smart Chain via the Binance Bridge. Moreover, StableSwap claims to provide token swaps at a 10x cheaper rate than Ethereum exchanges and with 100x less slippage when trading stable coins compared to the various Uniswap-inspired AMMs available.
Safety first
Importantly, ACryptoS vaults farm only on PancakeSwap, Venus, and Swipe Swap. The rationale behind so few is that while the 4+ digit APYs of the newest hyped projects can be very tempting, ACryptoS made a decision not to go down that path.
The team states that “When evaluating a project to farm on, we ask ourselves — where does the yield come from? Is it sustainable? What value is being created by this project? Is there any longevity? When there is no clear answer then the project is likely a pure-farm/Ponzi/degen play — we don’t see much value in creating Vaults for those, and they are also inherently incredibly risky. Which leads to the most important reason — SAFETY.”
When farming on other projects’ smart contracts, not only do users need to audit and ensure the code is safe, they also need to audit and ensure that all the underlying projects’ code is safe. Recently, issues at PancakeSwap showed more clearly why ACryptoS may be on to something.
When user funds were stuck in PancakeSwap due to the SYRUP exploit, ACryptoS got theirs unstuck in a few hours while others were stuck for days. The platform also had the first Vaults on Venus 3 weeks before anyone else. Furthermore, the team claims competitors wrote their strategies based on their approach, yet their code is more efficient and still achieves 5X lower gas costs and 25% higher yields.
ACryptoS in Summary
In nutshell, ACryptoS chooses to farm the largest and most established projects on Binance Smart Chain and the ones closely tied to or supported by Binance. In doing so, the application can offer high yields with a focus on safety.
Useful Links
- Try ACryptoS
- Join the ACS Airdrop
- Best crypto staking opportunities
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