Fantom has a rough week after flight of Andre Cronje, who was a superstar developer on Fantom and founder of many projects of Yearn Finance, Keep3r Network and lately over-hyped Solidly Finance. After his tweet, FTM and other ecosystem coins tanked miserably. Anyway, as Fatom is not a one man show, the show is going on...
Latest FTM yield farming option exclusively is arrived to Beefy.Finance, it's well incentivized and has a boosted APR. All this done through beFTM which is Beefy Escrowed FTM. It's single token staking which can be similar to TOMB but seem to more loyal to its peg.
What is beFTM? #beFTM means Beefy Escrowed Fantom. The token is pegged to $FTM and can be staked on Beefy and farms on major DEXs. beFTM gives stakers access to maximized validator rewards that are unavailable to investors without locking FTM for 1 year.
Currently beFTM has much nicer APY than vanilla FTM staking, so you might think about this option as well, if you are a FTM hodler.
In return you can even stake your moobeFTM token with ~%17 APY.
Which is cherry on the top (10 days left for this last boost). Just be careful if you are playing with small amounts autocompounders can be costly to withdraw/stake etc. I mean costlier than simple FTM transfer since they are more complex contracts
You can buy Token or mint beFTM. Here is handy info about BeefyZAP info, so you can decide to buy or mint beFTM.
This is much less risky yield farming option however you should do your own research (DYOR).
TL:DR: Buy or mint (swap?) your FTM to BeFTM and stake it in beFTM vault on Beefy.finance, than you can boost your moobeFTM and earn more interest.
