Velvet Capital has announced an exclusive integration with Base-based Beefy Finance to offer users improved yield farming opportunities.
New Integration with Beefy Finance
Velvet Capital recently announced a new integration with Beefy Finance. This integration provides exclusive yield opportunities. Velvet Capital shared this development on its official social media account.
Benefits of the Partnership
In its blog, Velvet Capital explained that Beefy Pools aim to expand profits via yield farming. Consumers provide liquidity by depositing tokens into various pools. The platform then allocates these tokens across several DeFi protocols for rewards. Automated strategies of Beefy reinvest the earnings back into the pools, increasing yields over time. This allows users to gain optimal returns without needing to manage the process manually.
Launch of New Pools by Beefy Finance
In celebration of the new integration, the Beefy Finance team established three new pools. These pools will be available on the official Velvet Base app. Consumers can regularly earn Velvet Points. Five clients holding at least one of the three Beefy Vaults will receive a bonus of fifty Velvet Points.
The integration of Velvet Capital and Beefy Finance provides users with new opportunities for yield farming through automated strategies and advanced liquidity options.
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