All DeFi enthusiasts seeking high yield through automation will benefit from Clip Finance’s fresh perspective. Users can quickly deposit money with a single click and let Clip’s proprietary Strategy Router handle all the labour-intensive tasks because Clip has moved the complexity of yield farming to the back-end.
With Clip Finance joining the DeFi ecosystem, advanced users can maximise their yield farming efforts while crypto-curious individuals can begin earning yield in cryptocurrency. The Clip protocol will distribute deposited money among numerous yield farming techniques that have been independently audited. Each strategy is thoroughly assessed for risk and then, depending on the risk score, is either included in or excluded from the Strategy Router.
Because Clip Finance views transparency as one of its core tenets, users can access these risk-scoring documents publicly. Additionally, the system continuously assesses the effectiveness of these strategies and will automatically compound and rebalance all rewards on behalf of the users.
Additionally, Clip users have access to a thorough report on the platform fees, risk scores, current and historical capital allocation strategies, and a real-time overview of their earnings and how they compound.
For its customers, Clip Finance maintains an additional layer of security. The insurance and recovery funds give a portion of the protocol’s earnings. Suppose the insurance fund is insufficient to cover all losses. In that case, this last addition is a novel way to retroactively distribute a portion of protocol revenue to users harmed by theft, hacks, or exploits.
The Clip team has a bug bounty programme to compensate programmers who discover potential bugs and weaknesses in the code, as well as third-party audits, insurance coverage, and other security measures.
Removing the otherwise tricky learning curve for new users of DeFi will encourage more people to investigate yield farming in decentralised finance. Millions of viewers can use Clip Finance’s onboarding process to get everything arranged with just one click, earn higher yields, and pay fewer transaction fees.