In this post we'll be talking about Beefy Finance.
Beefy Finance is a yield optimizer operating on Binance Smart Chain. In return for a small fee, Beefy Finance automates several investment strategies utilizing liquidity pools. This provides a huge advantage over attempting to do this manually yourself.
When you Launch the App, this is the interface your going to see.
After you connect your Wallet, you can start using Beefy Finance to stake your LP tokens or simply stake your Crypto and receive interest on your crypto.
In the example shown above you can see that if you stake BIFI you have a total APY of 16.12% on the moment of the creating of this post, but this number can vary depending on the day.
Also shown in the example, if you stake VENUS BLP you have a total APY of 89.63% on the moment of the creating of this post, but this number can vary depending on the day.
You can also use the BOOST, which means your using a Launchpool, where you can stake Crypto and earn different Crypto coins depending on which Launchpool is available at the time.
Thank you for learning more about Beefy Finance with me today, I left a few links that can help you track your progress on the site.
Links:
https://cryptocurrency-defi.blogspot.com/2021/03/beefy-finance-defi-in-bsc-network.html
