DEP/BNB pair is now available in Beefy Finance!

Taishi Sato

Published in

PlayMining

3 min readAug 5, 2021

In this article, I will explain the summary of Beefy.finance and how to stake your LP token in Beefy.

Who is Beefy Finance?

Beefy Finance is a Decentralized, Multi-Chain Yield Optimizer platform that allows its users to earn compound interest on their crypto.

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 the name ‘Vault’ suggests, your funds are never locked in any vault on Beefy Finance: you can always withdraw at any moment in time.

DeFi applications are unique in the sense that they are permissionless and trustless, meaning that anyone with a supported wallet can interact with them without the need for a trusted middleman. While you have funds staked in a vault, you remain 100% in control of your crypto.

What can I do in Beefy Finance?

By using Beefy Finance, you can automatically earn compound rewards by staking your LP token in Beefy Finance. All you have to do is to provide liquidity in Wault Finance and stake your LP token.

You can automatically harvest your liquidity provider’s incentive by using Beefy’s AMM. The detailed way of providing liquidity in Wault Finance, please check here.

The background of launching and advance notice of pre-sales of our NFTs in BSC

We decided to launch our product not only Ethereum mainnet but also BSC and our smart contract of NFTs has already been deployed on BSC. BSC has a lot of users who are friendly with NFTs and growing rapidly not only for NFT projects but also DeFi projects. Based on those backgrounds, the strategy of BSC and DEA match. DEA focuses on NFT & DeFi ecosystem and developing and improving the services to contribute to the growth of the NFT & DeFi ecosystem.

We are planning to conduct a pre-sales campaign for our NFTs (BEP-721) in this Autumn or Winter created by Japanese famous manga and anime artists. In Ethereum net, there are more than 70 famous Japanese and overseas manga and anime artists joining in our services. The list of artists can be found in our NFT Marketplace by DEP (ERC-721).

The name of artists joining the pre-sales campaign will be disclosed soon so looking forward to it!

The image below shows some excerpts of the artists currently joining our platform. You can purchase those NFTs (ERC-721) by creating DEP wallet here.

Furthermore, we are developing our systems so that BEP-721 NFTs can be used in our games. This might be realized in Winter 2021 to early 2022.

For more details, we will show you the roadmap of our products soon in Medium.

Let’s provide liquidity or play the game to earn DEP!

Time is running out, you can join the liquidity provider’s incentive program immediately by acquiring DEP from the following exchanges. Furthermore, you can sign up for a PlayMining DEP wallet here to earn DEP by enjoying our gaming content!

Important notes

Do not send BEP20 DEP to DEA wallet as DEA wallet uses Ethereum network. We cannot recover the wrong transaction. Before you send DEP to DEA wallet, please carefully confirm whether the DEP you are going to send is ERC20 DEP.