Touchpoint Open Builders Program Welcomes Accumulator
The full article was originally published by Assembly on blog.assembly.sc. Read the full article here.
Auto-Compounding Yield Aggregation for the IOTA Ecosystem
With the launch of Shimmer, many DeFi protocols will spring up, and with them opportunities to stake and earn yield. This could easily become overwhelming, especially when managing rewards gained through yield. After all, yield farming can be back-breaking work!
The latest addition to the Touchpoint Open Builders Program, Accumulator, promises to take the time and effort out of this process. It is a yield aggregator that seeks to maximize returns for its users by automating the compounding of interest on high-volume yield farms: that is, claiming the gains and reinvesting them on your behalf.
To find out more about Accumulator’s approach to auto-compounding, we asked them to explain in their own words.
A big welcome to Accumulator – we’re curious to see how this will enhance the DeFi offering of Shimmer and IOTA. As always, when it comes to anything crypto, Do Your Own Research – to learn more about Accumulator at this early stage, follow them on Twitter.
Accumulator joins the Touchpoint Open Builders Program, offering participants a community of like-minded builders, direct access to funding, experts, knowledge, and general support to launch and scale the next generation of decentralized applications and infrastructure on the Shimmer networks. You can learn more about how Touchpoint works and how to become a part of it here.
Assembly is a scalable multi-chain network for sharded, composable smart contracts. It will deliver flexibility, scalability, and interoperability, and is a smart contract network for mainstream innovation and mass adoption. It does so by offering inexpensive, fast, and secure smart contracts, trustless and feeless smart contract interoperability, full customization and composability of dApps, compatibility with Ethereum virtual machine, and other benefits.
In Assembly, anyone can launch their own smart contract chains with the flexibility to customize fee and incentive structures. The chains are overseen by permissionless and decentral dynamic validator committees of nodes that execute and validate smart contracts; these validators are assigned to their chains by a root chain through a marketplace, and the validators are rewarded with the network’s native token, ASMB.