YOLO V2 is Live!

Symphony is now Multichain. YOLO V2 is live on Avalanche 🥳

TLDR is at the end.

It’s been 3 months since we launched YOLO V1 here. Since then we have gathered some useful feedback from users to improve the protocol. In this version, we’ve tried to implement all the suggestions from our users. The main features of YOLO V2 are highlighted here. Apart from these features, we’ve also added:

  • Auto-compounding extra rewards. For eg: QI and AVAX rewards on BenQi strategy.

Now the users will be able to earn yield & enjoy auto-compounding on their limit orders:

  • Polygon → Aave Strategy — Base APY + Compounded WMATIC

How does it work?

  1. Tokens are deposited in the protocol at the time of order creation.

Apart from the features, we’ve also improved our UI.

The protocol is still in beta but the smart contracts have been audited by multiple auditors including Blocksec. The audit reports are published here.

Testing Event

We need your help to test the protocol. This event will run for 12 hours from 26th Jan, 1 am UTC. A customized POAP will be distributed to the participants of the event.

Join our community on Discord to ask any questions or discuss ideas. To catch future updates and alpha follow Symphony Finance on Twitter. To learn more about the protocol you can check out the docs here.

TLDR

  • More decentralized YOLO.

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Yield generating limit orders

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