BEEFY x ASTRONAUT
The space cows are on the loose. Milk as much as you can before its gone!
Astronaut.to and beefy.finance have partnered up on a beautiful vault for NAUT. This article will explain more about what beefy finance is, what they do, and how you can best optimize your NAUT tokens!
What is beefy.finance and who are these BIFI space cows?
“Beefy.Finance is a yield optimizer operating on Binance Smart Chain. The project offers complex strategies that are simple and intuitive for any investor to take part in through the offerings on the platform. With the inherent advantage of speed with Binance Smart Chain, the team is exploring new methods of optimizing automation to secure the largest yields available.”
“Yield optimizers on Binance Smart Chain present a different set of problems, challenges and opportunities. Working on the Binance Smart Chain, where the fees are far smaller, the focus moves to optimizing automation to secure the greatest yields with less concern for the amount of interactions necessary to constantly improve a moving APY. The doors open up to more complex strategies and frequent rebalances.
With this automatization, we can provide a simple way for investors to interact with pools, projects, and other yield opportunities without having to constantly make decisions and take manual actions. We see this as a necessary step to leveling the playing field, allowing small investors to have access to the same opportunities that so far only whales and full-time yield-farmers have had access to.”
How do LP vaults work?
“Liquidity pool (LP) vaults work by reinvesting the fees awarded to LP participants. In return for providing liquidity to the pool, many platforms reward investors with tokens. Our vaults regularly take the reward, buy more of the LP’s underlying assets, and then reinvest.
This compounds the rewards gained from the pool. Beefy.Finance creates strategies that automate this process, saving you time and gas fees in comparison to farming manually. This is all done for a small fee that is distributed to those staked in Beefy’s governance RewardPool or BIFI Max vault. A small percentage also goes to the Beefy Finance treasury
Each vault can either refer to a pair of tokens invested in liquidity pools within the Binance Smart Chain ecosystem or a single token invested in lending platforms. After investing their tokens, the user is supplied with mooTokens which represent their stake.”
Get into the vault early to optimize the best returns as the APY goes down quickly as more people are taking part of the share. Remember there are always risks involved in anything that gives large returns. Make sure you are aware of impermanent loss and read up about it. Happy farming!
If you want more information on the new beefy x astronaut partnership hop into our social media accounts.
- Twitter: https://twitter.com/astronauttoken
- Telegram: https://t.me/astronaut_bsc
- Discord: https://discord.gg/6wZDJ7Ys
- Website: https://astronaut.to
