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PancakeSwapPancakeSwapby0xd98d01557C91EBcC2789A289A0B0f81eCA4A4e400xd98d…4e40

Add BIFI/BNB LP Community Farm Pool

Voting ended about 5 years agoSucceeded

Beefy.finance (BIFI) is a Yield Optimizer On Binance Smart Chain.

Beefy use data analysis and optimization techniques to maximize performance and revenue. In DeFi, this could be approached by a platform aggregator designed to apply algorithmic strategies to obtain high APYs.

This is what Yearn.finance (YFI) does on Ethereum, and what Beefy.finance is building in Binance Smart Chain(BSC). Another way to put it would be like a Smart Savings Account which takes advantage of the best opportunities in the market to benefit its users.

Beefy’s approach to this is to algorithmically automate yield‌ ‌opportunities‌ in BSC so users/farmers don’t have ‌to‌ ‌constantly make decisions and take‌ ‌manual‌ ‌actions‌.‌

Recently Beefy launch Pancakeswap.finance Vaults to help Pancakeswap users to automate they yield farming, Vaults are investment instruments, that employ a specific set of strategies, to automate the best yield farming oportunities available.

Cake Vaults are the most used vaults on Beefy.finance, with over 1M USD in TVL, this show how cake users are embraced with the beefy idea and we know that yield farm and the Defi ecosystem is hard for newcomers, and there is no way around it. But one of Beefy’s purposes is to help democratize finance and to make an effort to try to explain how some of the DeFi pieces work together.

Beefy.Finance are a‌ ‌team‌ ‌of‌ ‌developers‌ ‌that‌ ‌want‌ ‌to‌ nourish ‌the‌ ‌long‌ ‌term‌ ‌defi ecosystem‌ ‌and‌ ‌make‌ ‌it‌ ‌easier‌ ‌for everyone to‌ ‌participate within it.‌

Off-Chain Vote

Add BIFI/BNB LP Community Farm Pool
42.37K 56.3%
Don't Add BIFI/BNB LP Community Farm Pool
32.87K 43.7%
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Timeline

Dec 13, 2020Proposal created
Dec 14, 2020Proposal vote started
Dec 20, 2020Proposal vote ended
Oct 26, 2023Proposal updated