Recently Beefy Finance introduce their new website that will be replacing the existing format. New website is pretty impressive.
Farm Pools Investing Rating
Those who are not aware Beefy Finance is an auto-compound for multiple chains pools. Some of the most popular pools are on Beefy and allows users to invest in and Beefy will automatically compound the earnings back into the pools to increase overall yields.
One of the new updates on its Beta site is a rating system they develop in regards to how safe it is to invest in the pool. A rating system for pools with rating from 1 - 10 and 10 being the safest.
A safety rating of 10 means the pool will likely not lose its principal and little to no impermanent lose. Of course its not impossible have no losses but safest pools these are often pair of stable coins. The drawback is their yields are low relative to other liquidity pools.
Some of the most % yield in pools are from Fantom chain and Beefy has a filter to let users find them easily.
Overall Appearance
With each pool Beefy explains the investments types and earnings in detail. They will also list if the pool has been audited and descriptions of how to get the specific tokens to partake in the pool.
The snapshots taken was from a BASED : miMAI pool. The yield is amazingly at 226,744%.
Conclusions
There are 765 vaults on Beefy Finance. There is a lot of options to choose from. There are 14 chains that Beefy offers of service and pools keep adding continuously.
A total of over $1 billion in TVL the platform is one of the most used for investing in liquidity pools.
None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!
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