Surprise is here again! The single TOKEN liquidity mining APR on Beefy has skyrocketed to 50%. This time the token is the USDS stablecoin, which is indeed attractive!! (APR refers to annualized return)
Such a high APR is so pleasant!
Beefy is currently the second Yield platform across the entire chain, second only to Pendle. Beefy's TVL has reached 300 million dollars, with very good depth, second only to Pendle. Beefy's TVL has reached 300 million dollars, with very good depth.
Mining Platform: @Beefy has been audited.
Mining Method: Directly deposit USDS, then mine USDS in the single-coin god mine. The current depth of this mine is 1.4M dollars, with a very high capacity. The short-term APR reaches 50%!!!
Source of income: Automated aggregation of earnings, benefiting from multi-chain multiple incentives (tokens from DEX, reward APR, transaction fees, etc.)
Risk: Beefy, as the second Yield aggregation platform across all chains, has not encountered any security issues and has undergone several rounds of audits.
Miner coordinates: ETH chain (ETH needs to be prepared as GAS FEE, the chain selected is ETH chain, currently Beefy aggregates more than 20 chains, and everyone needs to carefully identify them)
Composition of stablecoins: US Dollar Stablecoin is a new stablecoin protocol, anchored by the US dollar and short-term US Treasury bonds, etc.
Summary: Beefy is suitable for lazy people, users can mine directly by using USDS on the corresponding chain, and the difficulty level is very low.
(This article is for knowledge sharing only and is not investment advice)
