How to Automate DeFi Yields
Manual yield farming requires constant attention. Automate to save time and optimize returns.
Automation Options
| Tool | Function | Cost |
|---|---|---|
| . . . | . . . . . | . . . |
| Yearn | Auto-compound vaults | 2% fee |
| Beefy | Multi-chain vaults | 0.1% fee |
| DeFi Saver | Position management | Variable |
Benefits of Automation
- Time saved: No manual claiming
- Gas optimized: Batched transactions
- Compound faster: More frequent harvests
- Peace of mind: Runs 24/7
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Track automated positions with Fensory. All vaults, one view.[Start Tracking →](https://www.fensory.com)
Step-by-Step Instructions
1
Choose Aggregator
Yearn for Ethereum, Beefy for multi-chain.
Tips
- ✓Compare fees and APYs
2
Research Vault
Understand the underlying strategy and risks.
Tips
- ✓Vaults add smart contract risk
3
Deposit to Vault
Approve and deposit your tokens.
Tips
- ✓You receive vault tokens representing share
4
Monitor Performance
Track vault performance vs manual farming.
Tips
- ✓Fensory shows vault performance
5
Review Regularly
Check if vault strategy still optimal.
Tips
- ✓APYs change, strategies change
6
Withdraw When Needed
Exit vault to receive underlying + profits.
Tips
- ✓Check for any withdrawal fees