Beefy Finance

Beefy Finance is a Decentralized, Multi-Chain Yield Optimizer platform that allows its users to earn compound interest on their crypto holdings. ... Despite the name 'Vault' suggests, your funds are never locked in any vault on Beefy Finance,you can always withdraw at any moment in time.

Swap, earn, stack, lend, borrow, leverage all on one decentralized platform

The Beefy Finance protocol realigns incentives for network participants by introducing revenue-sharing & community driven network effects to the popular AMM model.

Everyone can be on Beefy Finance

Beefy Finance is an automated market-making (AMM) decentralized exchange (DEX) currently on the Ethereum blockchain. We are soon expanding our offerings with the BentoBox lending platform.

We are a community-run project, governed by the community vote for all major changes to the protocol. Day-to-day operations, rebalancing of pools and ratios, business strategy, and overall development is ultimately decided on by Beefy Finance

While Pancakeswap is sharing its profits from its fees with liquidity providers, Beefy Finance gives them a lot more. For every pair on the platform Beefy Finance has its own reward Beefy rate, and some of these rates climb to 100%.

So the steps here are simple:

-Select the pair you want to provide liquidity for

-Connect your wallet to Beefy Finance

-Wait and receive rewards

As the Decentralized Finance (or DeFi) space evolves, an increasing number of novel financial platforms continue to emerge. We’ve seen how things like flash loans and yield farming (or liquidity mining) can be leveraged by investors to make money with their money.

Beefy Finance has solidified its position as one of the core DeFi protocols. In spite of its decentralized ethos and heavy reliance on smart contracts, however, users don’t have much of a say when it comes to its development direction.

Beefy Finance, a new entrant to the field, promised to change that. And over $1 billion worth of value locked into the protocol – only a few days after launch – suggests that many would be interested in this change.

Beefy Finance is a fork of Pancakeswap with some key differences – most notably, the Beefy Finance token. The token has two functions at launch: entitling holders to governance rights and a portion of the fees paid to the protocol. In a simplified way, Beefy Finance holders “own” the protocol.