About the Project
Beefy Finance is a decentralized, multi-chain yield optimizer platform that allows its users to earn compound interest on their crypto holdings.
Through a set of investment strategies secured and enforced by smart contracts, Beefy Finance automatically maximizes the user rewards from various liquidity pools (LPs), automated market making (AMM) projects, and other yield farming opportunities in the DeFi ecosystem.
The main product offered by Beefy Finance are the ‘Vaults’ in which you stake your crypto tokens. The investment strategy tied to the specific vault will automatically increase your deposited token amount by compounding arbitrary yield farm reward tokens back into your initially deposited asset. Despite what the name ‘Vault’ suggests, your funds are never locked in any vault on Beefy Finance: you can always withdraw at any moment in time.
About the Integration
In November 2021, Moonriver became the 9th chain on which Beefy Finance was deployed.
The first vaults offered are from the Solarbeam AMM. More vaults will be added in the future. They will deploy vaults for all types of investors, blue chips, stablecoins, and even degen. If you want your favorite Moonriver platform added to Beefy, head over to their Discord and talk with the team.