I've noticed that this post that I've made a few days ago generated a lot of interest, so why not compare Beefy and PancakeSwap?
First of all we have two different concepts: Pancake is a DeFi platform very raw, that gives you the oppotunity to make earnings from your crypto holdings through Farming and Liquidity Pool, with a bonus of earning Cake according to the vault you choose, while Beefy starts where Pancake stops: if you choose to invest in a Pancake pool through Beefy you'll profit from automatic harvest of Cake and compoundig them in your investment. Beefy embed also trading strategies on his vault too.
Be careful: harvesting Cake in a pancake vault means that you need to pay a fee for the operation and you'll have to pay again for investing your Cake in another vault or compounding them in the originary vault.
Now, take a look at the summary of the vaults in Pancake and Beefy:
This is Pancake.
This is Beefy.
I choose the same vault, of course.
First of all: Pancake Displays APR, Beefy APY, naturally greater. Beefy indicates the daily earning, both indicates the liquidity in the pool (or in the vault for Beefy), Beefy indicates the safety of the pool, giving you a first index about the risk of the investments.
Again: if you click on the vault in Beefy, you'll get a lot of information about the coins involved in the pool, link to the projects and, of course, a summary about the risk and the strategies of the vault:
Instead, on Pancake, you'll have only the links to the Contract and you should see some info about the pair, I would post a screenshot, but today seems not to work...
Finally: the greater difference is the way you deposit your money in the vault:
I just adore that you can deposit only one of the coins without going mad to search a balance through the pair, leaving this job to the platform.
You can do the same on withdrawals and a special mention to the fees that are clearly explained.
On pancake you have to deposit the same valueof the two coins, pay the swap fees (slippage too), buy the LP token to deposit in the pool and another fee, and deposit the tokens in the pool with another fee...
...and do it again when you'll withdraw your money.
I won't say which one I prefer.
I just wanted to give a view about how operate the two platforms, always DYR. Expecially about the vaults.
In this case, on Beefy, a Safety of 7.0, an high risk of high impermanent loss and the low TVL makes this vault very risky to considerate.
On Pancake there is nothing to start from for considering the opporunity.
On Pancake Swap and on Beefy there is no referral program, but you can support me clicking on the following:
