This is our first time interacting with the r/cryptocurrency community, so thanks for hosting us and we look forward to everyone’s questions. We’ll be announcing this from our main X account tomorrow.
Our new product Autopilot launched this past Monday, September 16th. Autopilot is the first LP aggregator - it provides users with intelligent and autonomous optimization between a set of assets and destinations, all in a single deposit.
Autopilot monitors the market so you don’t have to - constantly processing an extensive set of data to keep your ETH optimally allocated across a set of pools, auto-compounding and saving on expensive rebalancing transactions.
The Tokemak team will be here on September 20th at 7pm UTC to answer any questions you have about Autopilot.
What problem is Autopilot trying to solve?
Providing liquidity in DeFi, particularly to correlated trading pairs such as ETH LSTs/LRTs and stablecoins, can be an extremely efficient way to earn additional yield on one's assets onchain. Despite this, it comes with many complexities to achieve that efficiency.
The problem is that liquidity providers (LPs) face a highly complex decision making process in order to optimize their return. This includes:
- Variance of yields and their composition;
- different fee and reward systems;
- offsetting various costs such as gas, slippage, and trading fees;
- different AMM models.
Even without considering these challenges, the high costs of rebalancing and compounding leads to underperformance for the average user and can prevent many from participating altogether.
Tokemak Autopilot introduces the concept of autoLP’ing to address these challenges and enables access to long term outperformance for all, starting with our ETH focused Autopools.
What is Autopilot?
Autopilot works by rebalancing deposited liquidity across a set of pools - we call this an Autopool. An Autopool is a vault utilizing the ERC-4626 standard, configured with different pool destinations eligible for liquidity rebalances.
Upon depositing funds into an Autopool, Autopilot will monitor all included pools and reallocate liquidity into the optimal pool as time passes and APRs change. This entire process is autonomous, provides optimal yields to LPs, and is entirely passive for Autopilot users.
Autopools also provide users with a LATs - Liquidity Auto Tokens - a yield-bearing receipt token that represents your underlying deposit in an Autopool. By tokenizing Autopools, it offers a brand new composable asset within DeFi.
What are the available Autopools?
The currently available Autopools are denominated in ETH and provide a passive option for users who want to earn yield while providing liquidity to stable ETH pools. These are the first three Autopools now open for deposits:
- autoETH - Autopool featuring ETH LSTs
- balETH - Autopool featuring ETH LSTs and LRTs deployed on Balancer
- autoLRT - Autopool featuring ETH LRTs
The LP user experience while providing liquidity to an Autopool is extremely simple:
- Deposit ETH.
- Receive an Autopool receipt token.
- Earn LP rewards passively while Autopilot reallocates liquidity across pools.
Learn More
These are the best resources to get up to speed on Autopilot.
- Video - https://x.com/TokemakXYZ/status/1833914122087575750
- Video - https://x.com/TokemakXYZ/status/1832115207839064426
- Blog Post - https://blog.tokemak.xyz/post/autopilot
Giveaway ????
Everyone loves some swag. We’re giving away five 99% (Shopify won't let us do 100%) discount codes (2 items max) to our Tokemerch store to five random participants in the AMA. Check out our merch here: https://tokemerch.xyz/
Join Us
Website ????App ???? X/Twitter????Discord ????Blog ????Docs
Thanks everyone for coming to the AMA! Great questions, we appreciate you. We'll take everyone's usernames who asked a question and randomly select 5 winners who will be receiving a DM from r/tokemakxyz shortly.
Don't forget to follow along with us on X and Discord.
This thread will remain open so even though the AMA has ended, feel free to leave any additional questions - we'll check back periodically and answer as soon as we can.
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