Is Beefy Finance trustworthy?

Beefy Finance is used by hundreds of thousands of users and has existed for a while. CertiK and DefiYield have also audited it. While there is never complete safety in a crypto project, Beefy Finance has taken steps to ensure that it is safe.

How do you make money with Beefy Finance?

Assume you've purchased some bonds and shares or any other asset capable of earning interest. Then you decide to reinvest your earnings and acquire further assets, compounding your interest. Beefy Finance uses a similar method, but it automates the process of calculating any interest in a crypto asset.

How do Beefy Finance Vaults work?

Vaults are where the automated farming happens. It automates the process of reinvesting the deposited cash, resulting in a greater compound interest rate. Liquidity pool vaults, like Orbs, operate in such a manner that it reinvests the fee earned from LP participants. Beefy Finance acquires these incentives on a regular basis, sells them, and then buys even more liquidity to complete the cycle and create compounding.

What chain is Beefy Finance on?

Beefy Finance supports multiple blockchains, including Binance Smart Chain, HECO, Harmony, Polygon, Fantom, Avalanche, Moonriver, Fuse, Metis, Cronos, Moonbeam, and Aurora.

What does Beefy Finance do?

Beefy automates and optimizes the many investment techniques necessary to reap the benefits of sophisticated yield farming protocols. It maximizes users' profits from multiple liquidity pools, automated market makers (AMM), and other yield farming opportunities inside the DeFi ecosystem.