Beefy is a decentralized, multi-chain yield optimizer platform that allows its users to earn compound interest on their crypto holdings.
Beefy offers Fantom users an ever-growing number of “vaults,” into which one can stake either:
- Popular liquidity pool tokens available on other DeFi protocols supporting Fantom
- Popular single tokens including the platform tokens for many of the DeFi protocols listed on this page
Beefy optimizes earnings for users by auto-compounding and implementing smart-contract based investment strategies. Tokens may be unstaked from vaults at any time.
Users on Beefy can also choose to purchase the platform coin BIFI on exchanges. BIFI tokens are “dividend-eligible” revenue shares in Beefy Finance; holders of this limited supply token can earn a share of Beefy Finance profits and vote on important platform decisions.
Through a set of investment strategies secured and enforced by smart contracts, Beefy Finance automatically maximizes the user rewards from various liquidity pools (LPs), automated market making (AMM) projects, and other yield farming opportunities in the DeFi ecosystem.
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