Beefy Vaults are here!

We began as a humble speakeasy with a vision to bring asset diversification as a service to BSC. Though we’re still much the same as our roots, along the way we’ve made some waves! As we steadily continue carving out our niche as the go to index product protocol on BSC we have our eyes on the horizon, but lately we’re being noticed close to home!

We are proud to announce an integration between Longdrink Finance and Beefy Finance for inclusion of the $LONG-$BNB liquidity pair into their auto-compounding vaults!

Click here to head directly to the auto-compounding vault on Beefy.finance!

Before we dive into the specifics of how it will all work let’s first set out the basics of what an auto-compounding vault is, and how they benefit users.

Auto-compounding vaults work by continuously converting a reward token into the liquidity pairing token for that vault. Once the required amount of reward token is converted, and the liquidity pairing token minted, the newly minted LP token is then provided. After this event the user will earn at a rate that reflects the additional added LP stake. In this way, returns compound regularly allowing the possibility for very high APY returns. Users save both time and money as they deposit once and as long as they stay, they don’t need to pay gas fees and use their time to grow their assets exponentially. With the workings of auto-compounding mechanics out of the way, let’s dive into it!

Our integration with Beefy will have two main components. The first is most familiar with anyone who may have previously used auto-compounding vaults; simply stake and watch it grow. Along with this vault offering, we are also participating in the Beefy launchpool thereby offering a chance for exposure to investors who may not have previously been aware that asset diversification solutions had come to BSC! At the beginning of the launchpool, 20,000 $LONG will be airdropped to the launchpool for emission throughout the campaign. Participation in the launchpool will be accessible through use of the Mootoken. The Mootoken is a token that every user of Beefy.Finance receives after staking in a Beefy vault. This token is allocated pro rata as a proportion of users’ stake in a vault and may be regarded as a receipt for participation in a specific vault. Users of the Beefy platform can then participate in the mining of $LONG by staking the Mootoken in the launchpool on Longdrinks dedicated page. The launch of our Beefy vault will be preceded by a week-long joint marketing campaign through the Beefy.Finance main socials as well as our own!

This is just the beginning! Get moooving and sip on LONG, everyone! 🐮 🍹