BakerFi is a decentralized DeFi protocol where users can exponentiate their APY by depositing ETH. Then, the protocol automatically implements recursive strategies to achieve higher gains.
The recursive part in this case refers to having a leveraged position using existing lending protocols, that ensure that you're able to get a higher yield with a minimized risk.
BakerFi is a pioneering DeFi solution that employs Recursive Liquid Staking Strategies to automate and optimize APYs within the Ethereum L2 ecosystem, starting with Base and Arbitrum. Our smart contract automates the recursive staking process, enabling users to exponentially grow their assets with a single interaction. Not having to be continuously active and manually optimizing it, users simply select their preferred ETH amount and initiate the staking process by clicking the “Deposit” button. From there, our automated smart contract takes over, executing all necessary actions to optimize their returns.
