Are you a lover of passive income? I hope so dear reader.
I bring you a simple tutorial on how to staking BETH in Beefy.finance.
I am falling in love with the DeFi platforms that work on the Binance Smart Chain. Few commissions, lightning-fast transactions and amazing returns.
Well, the distribution of the BETH token concluded on January 6th. The only holders of this asset are those who participated in the Ethereum Staking phase that Binance announced on December 2.
Beefy's generosity has no limits, they offer us the option of storing our BETH in one of their Vaults. Instead of having them asleep in our Binance Spot wallet, we can stack them and take advantage of their ROI of 10.77%.
To do the staking we have to send the BETH that we have in Binance to our Trustwallet or Metamask wallet, using the Binance Smart Chain BEP20 network. It is important to make sure that you select the network well so as not to lose our funds. I advise first adding the token to our wallet from the search engine. I do it with my Trustwallet wallet. We select the first one that belongs to BSC.
When they have reached our wallet we will go to the Beefy.finance app. Once here we will look for the BETH Vault, I leave it below.
We will have to approve the Vault first. After that, we deposit all our BETH, this transaction also requires confirmation and a cost.
Done, our BETH staking is up and running until the arrival of Ethereum 2.0
The Vault in charge of guarding the funds is Venus, one of the safest so far, which inspires a lot of confidence.
