I found out about Beefy Finance weeks ago, but I was really skeptical on whether or not I should use it. I tried it and it works, its great and does everything for you. All automated.

So what is Beefy Finance?

Beefy finance acts like an aggregator for the DeFi projects you already know. So essentially it's a really cool yield optimiser!

Why should I use Beefy Finance?

Like I said before, Beefy Finance is fully automated. When you choose a specific pool that you like, it harvests it automatically and you can take it out at anytime! But here is the important bit. Lets say the project on Beefy Finance uses Venus (for example) you are gonna earn Venus (XVS), but not on Beefy Finance. If I deposited USDC on to the pool that uses Venus, I just earn more USDC! How amazing is that?! Same with LP token staking, when you stake your LP tokens you dont get whatever token some other project promises you, but you receive more LP tokens!

What wallets does Beefy Finance Connect to?

Most Binance Smart Chain projects connect to a few, such as Trust Wallet, MetaMask or Binance Chain Wallet. Beefy Finance Connects to: Metamask, Trust Wallet, Binance Chain Wallet, Math Wallet, SafePal and it supports WalletConnect.

What else is so special about Beefy Finance?

Beefy Finance has its own native token called BIFI, which is for governance and for distribution of fees from vaults. 4% of money earned in vaults get distributed to GOV and MAXI vaults for BIFI holders. Holding BIFI also lets you vote on proposals. If you stake your BIFI tokens in the BIFI MAXI vault you will earn in BIFI Tokens, however if you stake in GOV you earn Wrapped BNB.

How does staking work?

When you stake single assets, you receive moo tokens. For example if you stake LINK you receive mooLink, think of it as LP tokens but for your single assets that you stake!

Initial Farm Offerings!

Beefy Finance has now introduced support for initial farm offerings and you can stake either your mooBIFI tokens or Trust Wallet Tokens for Front. When you stake BIFI in the BIFI Maxi vault you receive mooBIFI which you stake to get front.