I am writing this post beacause I wrote this and this, so it could be interesting explore another case.
Briefly on SpookySwap: it is a DeFi platform absolutely similar with PancakeSwap or Biswap (maybe I'll write a little resume in the future). It operates on Fantom networks, here a link referral-free.
The vault that I want to explore is FTM-BiFi, that involves the Beefy's native token and the primary token of Fantom network.
First of all, the APR/APY comparison of the platforms:
The ones in the picture are almost all the informations you can get about a pool on SpookySwap and are about the APR on the pool and on the BOO (native token of SpookySwap) you can earn providing liquidity to the pool.
Just the pool's valued remained covered on the first pic.
Beyond the differences on APR and APY, we know that Beefy provide a lot more informations about a vault:
Expecially about the safety of the investment and about the strategy that the platforms applies on farming, trading and compounding.
So, the only reason that should make you use SpookySwap to invest on this pool could be BOO token, but I clicked around the platform and only find these uses of BOO:
SO you can Get BOO, stake them to get xBOO that you can stake in other token of wich you have to hunt information around the internet... Seems a little too complicated while on beefy you can autoharvest BOO and compounding them into your asset.
Regarding Magicat: they are NFT-Kitten...
Thanks Spooky, but I think you are a little out of target...
In conclusion. the mainly reason that bring me to invest in a pool on Beefy rather than on its native platform is regarding the use of the token that iI get on the native platform.
If on Biswap there are several reasons to maintain the token and on PancakeSwap there are a few, on SpookySwap I don't see any... But I want to give a closer look so expect a post regarding SpookySwap.
About Fantom: I like this network. Seems fast, economic and reliable (click here for more info), it should be worthy to make some move on it.
In the meantime, consider to support me on the following:
DeFi platform:
Biswap very similar to Pancake Swap, but with referral program.
Cake DeFi earn 30$ in DeFi as you deposit AND leave for 28 days 50$.
