.. image:: backd_logo.png
    :width: 240px
    :alt: backd
    :align: center

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**Welcome to the official Backd developer documentation!**

Procotol Overview
=================

Backd is a yield aggregation and liquidity delegation protocol on Ethereum. Backd relies on different yield-generating strategies, which allocate liquidity to various protocols in order to generate competitive returns. Additionally, liquidity providers are able to specify a set of market conditions on which part of their liquidity will get automatically delegated or used for a specific purpose (for example, to top up an over-collateralized loan).