It is a decentralized multi-chain yield optimizer that allows users to earn compound interest on their crypto holdings. Beefy brings you the highest APYs in terms of safety and efficiency.
About Beefy Finance
With a set of investment strategies secured and implemented using smart contracts, Beefy Finance automatically maximizes user rewards from various liquidity pools (LP), automated market making (AMM) projects and other farming opportunities in the DeFi ecosystem.
About vaults on the coin defi platform:
| 1 | The main product, offered by Beefy Finance, is "Vaults" where you deposit your crypto tokens. |
| 2 | A vault-specific investment strategy will automatically increase the amount of your deposited tokens by adding random yield farm reward tokens back to your original deposited asset. |
| 3 | Despite the "Vault" name, your funds are never blocked in any vault on Beefy Finance: you can always withdraw them at any time. |
Anyone with a supported wallet can interact with DeFi applications without the need for a trusted intermediary. As long as you have funds in the vault, you retain 100% control over your cryptocurrency. $BIFI tokens - "dividend-eligible" shares of income in BeefyFinance, through which holders receive profits, generated from BeefyFinance, and have the right to vote on important decisions of the platform. For all vaults, deployed on each blockchain, BeefyFinance has its own $BIFI governance token at its core. Platform revenue is generated from a small percentage of all vault profits and distributed back to those who wager $BIFI.
The $BIFI offer is limited to 80,000 tokens and is available on leading decentralized exchanges such as Binance, 1inchexchange and PancakeSwap.
More about defi app
BeefyFinance largely distributes the platform's earnings to those who wager in $BIFI. With $BIFI, you essentially own a share of a company that is eligible to receive dividends. Beefy Finance employs over 10 smart contract developers who rigorously test and validate vaults, investment strategies, new platforms and smart contracts before publishing them. Beefy is also actively encouraging developers to participate and interact to make Beefy Finance even better.
Platform offers unique strategies that other yield optimizers simply don't have. This includes pairs of liquidity pools that you can only find on the Beefy platform. Beefy Finance is a supported partner of Trust Wallet, Binance's official decentralized wallet. This provides credibility to the project and increases overall credibilit.