Though yield farming offer users an opportunity to earn rewards for their stake, their APR tends to deter most of the crypto crowd. But you can’t blame the protocols as they need to maintain a balance else inflation consumes their tokenomics.
This is the point where yield aggregators come into the picture and save the day. These platforms help you auto-compound your LP tokens, so the value increases greatly with time. The catch with these yield aggregators is how often they compound and the fees involved. You have to be discerning to identify the frequency of the aggregator’s compounding process – which decides the profitability of this option.
What You’d Get With Some Yield Aggregators
The beauty of yield aggregators is in auto-compounding. How often these platforms compound your reward+stake decides exactly how helpful they are towards maximizing your interest.
The frequency of the auto-compounding could be as low as twice a day on some yield aggregators, and this shows in the size of the reward accrued. Though most yield optimizers on the BSC network auto-compounding as often as 5 times daily.
Besides the auto-compounding process, the fee is something that puts many users off from leveraging yield aggregators. Some platforms have a deposit fee, withdrawal fee, and performance fee. Of course, lots of fees scare users away, so many yield aggregators tend to combine these fees into two different categories.
No matter the fee structure, it doesn’t stop users from seeing through the entire shenanigans to know they are being short-changed. Yes, the platform won’t maintain itself, but this shouldn’t be an opportunity to exploit users trying to earn passive income.
Where Merlin Lab Eclipses Other Yield Aggregators
Merlin differs from other yield aggregators in so many ways. One of the most significant is the frequency of its auto-compounding.
The yield aggregator auto-compounds as frequently as 2 – 4 hours every hour, which is more than most of its competitors on the BSC network can handle. This increase in the frequency of compounding leads to a bigger profit as long as it’s long-term.
Besides the frequency of auto-compounding.
Merlin Lab Offers The Cheapest Fees
Merlin Lab fees are the lowest on the BSC. A performance fee of 30% - only from the profit obtained – suggests you get to keep most of the profit, which is something everyone desires. And you don’t have to factor this into any calculation as the fees have been added to the APY.
Merlin Lab’s Boosted Yield Optimizer makes all the difference for users of the protocol as they get 50% of the reward in the specific asset and the other 50% in MERL.
The boosted portion becomes BNB, which gets you more MERL as the Minter goes to work.
Conclusively
Where other yield aggregators struggle to deliver just over a 100% APY, Merlin Lab doles out over 170% APY. And its high APR isn’t out of place if you look deeply into its boosted yield converter. Add its frequent auto-compounding every few hours, and it all makes sense
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