BEEFY FINANCE INTEGRATES MOGUL STARS

Mogul STARS tokens have been integrated into compounding Vault by Beefy Finance, providing STARS token holders more options on the Binance Smart Chain.

WHAT IS BEEFY FINANCE

Beefy Finance is a Decentralized Multi-Chain Yield Optimizer tool that allows users to earn compound interest on their cryptocurrency assets. Your funds are never locked in a vault on Beefy Finance, despite the name. You can withdraw at any time.

Through its flagship product, “Vaults,” where customers stake their crypto tokens, Beefy Finance allows users to earn compound interest on their crypto assets. Within a vault, certain token techniques compound yield farm reward tokens back into the deposited cash, automatically increasing the deposited token quantity.

ABOUT THIS PARTNERSHIP

The STARS BNB ApeSwap pool has been incorporated into Beefy Finance’s platform, allowing users to deposit their STARS BNB liquidity tokens from ApeSwap and earn compounding STARS BNB tokens. Beefy’s plan in this Vault is to leverage the ApeSwap BANANA reward to continuously purchase additional STARS and BNB, give liquidity to the ApeSwap pool, and stake more STARS BNB over time to compound the ApeSwap platform’s BANANA rewards. Current yields on STARS BNB, according to Beefy Finance, can be as high as 557 percent.

Certik audits Beefy, ensuring the resilience of their smart contracts as well as the security of cash locked in their smart contracts. Their audits are available here.

As of July 30th, 2021, STARS token holders will be able to use their tokens on Beefy. Visit Beefy’s documentation to learn more about their product.