beefy.finance

https://beefy.finance
Founded year: 2020
Credited votes: 12 of 13
Problems resolved: 0
Owners responses: 0
Multi Chain Yield Optimizer Binance Smart Chain

Beefy.Finance (BIFI), launched in 2020, is a yield optimization tool on the Binance Smart Chain that helps maximize the return from yield farming. Yield farming is the practice of staking or lending your crypto assets to a smart contract-based liquidity pool in order to generate returns or rewards.

The lender is known as the liquidity provider and the fund where the money is kept is known as the liquidity pool. Yield farming protocols incentivize the liquidity providers (LPs) to lock up their crypto assets in the liquidity pool.

These incentives can take the form of percentages of transaction fees, governance tokens, or interest from the lenders. Yield optimization is the usage of data analysis tools to maximize the performance of yield farming projects.

The core team consists of pseudonymous developers known as @superbeefyboy, @sirbeefalot_bnb, @roastyb1 and @0xbeefy. Other people have contributed to the community by writing and testing strategies, tracking stats, creating marketing materials and developing new initiatives.

Beefy.Finance optimizes yields through a vault system. These vaults serve as investment instruments and can implement strategies through the use of smart contracts.

The vaults can automate the best yield farming opportunities and can use crypto assets as liquidity, provide assets as collateral, manage collateral and reduce chances of liquidation and use assets to generate a yield and compound profits. This combination of features allows users to automate their DeFi farming and optimize the returns. There are vault updates that remove the need for decision-making from an independent yield farmer.

Beefy.Finance has no deposit fee; however, there is a withdrawal fee of 0.01% of the withdrawal amount.

The performance fee on additional yield varies and is specified for each particular vault. There is also a call fee of 0.55% throughout each harvest. Beefy.Finance supports many popular wallets including Metamask, WalletConnect, TrustWallet and others.

Beefy.Finance has its own governance token BIFI that allows users to receive a portion of the vault’s performance fees. BIFI holders can stake their tokens into a governance pool. It then distributes WBNB daily to the stakers, based on their percentage of the pool. Users do not have to un-stake their tokens to participate in voting.
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good farm

Score
5
unapproved
have a good high rate apr, so i choose this project for long term investment. I look forward to growing with the DEV team working diligently every day. I hope garuda's coin is listed on the top exchange.
04.06.2021 03:52
0

Best Yield Optimizer

Score
5
approved
This is the first and still the best Yield Optimiser which also support Avalache and Heco blockchain. The Webside is easy to use und there always nice APY from a Lot of Vaults.
19.04.2021 04:04
0

Best project for Farming

Score
5
approved
If you thought that pancakeswap was a great idea you need to meet beefy finance. beefy automates what you have to do manually in pancakeswap, they set strategies for the differents pool, providing you with more returns + the benefit of not having to harvest manually... pretty cool
18.04.2021 00:52
0

My favourite DeFi project on bsc

Score
5
approved
Amazing project, the interface is user-friendly, interests are great and beefy automates everything for you, nothing to care about. Really easy to use, it's definitely my favourite DeFi project on the bsc
17.04.2021 22:40
0

By far the best yield optimizer

Score
5
approved
I'm always shopping around for the best defi vaults, but in the end I always come back to Beefy, because you can't beat it. I trust them completely because they look closely at every project they create a vault for. And they have the best community and support.
17.04.2021 09:49
0

Beefy Finance

Score
5
approved
The only Yield Optimiser I use on BSC. Automatic compounding, no need to harvest tokens, always paid in same token, APY displayed correctly, no time-locks.
17.04.2021 06:14
0

Best farming helper

Score
5
approved
Just optimize your assets and get more of what you have in the simpliest way :) . Come to discord we have a great community there and a lot of people to help news users ! MOOOOOO
17.04.2021 05:28
0

Fantastisc, solid operation

Score
5
approved
An all-business, no-fluff, innovative operation that curates it's offerings to offer solid investment opportunities while due-diligently staying away from sketchy projects. Extremely open management focused on building a strong community based on principled trust. With 30 years of software-development and investing experience behind me, I know quality when I see it.
17.04.2021 04:06
0

Beefy.finance is the best!

Score
5
approved
Extremely low and sustainable fees, great vault strategies to make you more money, and constant platform development make beefy my top choice for the best DeFi project
17.04.2021 03:37
0

Simply the best project on BSC

Score
5
approved
Project started with BSC back in September. The 1st aim is to bring the best and safest yield optimzer on BSC, but, it is really much more. I learned so much about crypto thanks to this project! The community is very helpful (The discord server the best Crypto community I know). And project is really decentralised. Any one can help, any
17.04.2021 02:46
0
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