RoboVault

RoboVault is a decentralized finance (DeFi) company specializing in developing a product for users to earn a yield on single assets of cryptocurrency and tokens. It was first launched in July 2021 and has since launched its second and third versions of RoboVault.It utilizes technology from other projects, such as Yearn, CREAM, SpiritSwap and SpookySwap, Beefy Finance, Fantom, and Finematics.

RoboVault's product is a yield optimization protocol on the Fantom network. It utilizes yield farming and lending protocols to allow its users to earn annual percentage yield (APY) on their single assets of tokens and cryptocurrencies. The protocol has vaults in which users can deposit approved digital assets, which are then deployed according to the vault's strategy. These vaults are called rVaults and are built using Yearn's architecture. The base asset of each vault is USDC, and the vault will deposit a portion of it to CREAM as collateral. There is then a secondary token borrowed and combined with the remaining USDC. This creates liquidity provider tokens that are used to generate farming rewards.

There is a fee for use of service—20 percent of the yield gathered on the account.

An example of a RoboVault strategy.