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Backd is a trustless reactive liquidity protocol where users can earn yield and register Actions with their liquidity. The Backd protocol delegates liquidity to where it is the most efficient by deploying novel multi-utility liquidity pools, yield-farming strategies, off-chain bots (keepers), and customizable Actions.
Any user can deposit assets into a Backd liquidity pool to earn yield and Backd rewards. Furthermore, users can make their liquidity reactive by registering their Backd LP tokens to Actions. Registered LP tokens continue to earn yield and Backd rewards until user-defined conditions are met and liquidity is sent to where it is needed.
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