New $FRIES strategies with 3 digit APY’s, giveaway results, Pancake whitelist, and more!
Cowmmunity Update #5 🐄
Moofians!🔥
Welcome to a new community update. We have many new things to share, and stuff we’ve been working on. First of all I want to thank everyone that’s joining the conversations on Discord. We’ve all blended from an initial team, into one cowmmunity that works together to push the project forward. Using the governance mechanism, we all have a voice on the direction of the project.
With that being said, lets get to the Vaults!🚀
1. New Strategies
We’ve added three new strategies that you can participate on. Using $BUSD $WBNB and $BURGER, you can now farm $FRIES and get the essential elements for anyone’s fast food cravings.
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Like we’ve mentioned from the start, we’ve taken the approach to scale in complexity and higher APY numbers with solid foundations. That’s why the first vaults had more conservative APYs. Since the UI/UX improved, and everything is working smoothly, we can now start experimenting with more interesting and complicated strategies.
The $FRIES strategies interacts with the fry.world project. As strategies go, this one is simple but very effective. When you directly interact with their system, you can stake, for example, WBNB individually and get up 100 % APY.
This strategies stake the tokens for you, and automatically harvest the yields, then it sells the harvested $FRIES for the staked token and and restake. Getting a compounding factor that allows us to get APY numbers closer to 150% at the time of writing for WBNB, and up to 1000% APY for $BURGER.
2. Pancake Whitelist!
We’ve also been added to the Pancake Whitelist of tokens!! Our favorite dessert project has added us to the dropdown list, making it easier for users to find and transact with the token.
Liquidity is steadily growing, both on Pancake and bscswap.
3. Giveaway results.
We finished the giveaway, and already sent the rewards to the lucky winners:
You can check the results in pickaw.app with the seed: kmA3lv7FmNKYcIVc
We’re very happy with the results, with over 1.400 retweets🚀🐄, new twitter followers and many new moofians in the discord, we saw a nice jump in our social presence, allowing more people to participate in the Beefy ecosystem.
4. Upcoming Gitbook
We want to give a special thanks to SpittingNickels, a member of the community, that not only has been helping with questions in social channels, but has embarked in the development of the documentation for Beefy. The Gitbook is being worked on, and we will publish soon, but it will allow a more organized structure for anyone looking to learn, or interact with the beefysphere.
5. BUIDL Reward Program
We submitted and got our contracts accepted to the new Binance BUIDL Reward program. This is a new program by Binance to incentivize the building of common infrastructure on the BSC chain. By being part of the program, we´ll receive a 30% of the fees used with the contracts back, which are then re distributed to $BIFI stakers through the RewardPool with a new deploy made by SirBeef. You can check the subsidy harvester here.
Thanks again to everyone for reading, there are many more things on the pipeline being worked on, and we wish for you to join us in this trip, while we help build the BSC ecosystem, and establish a higher level of transparency and quality for the space.
Community🐄
Twitter: https://twitter.com/beefyfinance
Discord: https://discord.gg/PZGeS2E
Website: https://beefy.finance/
Github: https://github.com/beefyfinance
Telegram: https://t.me/beefyfinance
