Beefy Finance Announces BeefCake Week With 6 Days of Community Activities

New CAKE Vaults, with 77% fewer fees, come with boosted security and a Launchpool Boost

By
Kyle Heise
on
June 14, 2021
Category:
BSC News

BeefCAKE Week Kicks Off

Get ready for a full meal this coming week. In a true summer coming-out party, Beefy Finance is teaming up with Pancakeswap for an entire week of fun starting June 14th. To celebrate the launch of their new CAKE vault there will be AMAs and NFT giveaways across a multi-day bonanza.

Source

The Beefy team has been teasing users and crypto enthusiasts for a few days. They originally announced the start o BeefCake week on June 12 via their Twitter. Many users clamored for more information as they were left waiting in the replies. The wait is over.

Source

The new vault will be very accessible with very little barrier to entry. It will require zero deposit down. No withdrawal fees. No call fees, or treasure fees, or strategist fees. The performance fee will drop from 3% down to 1% from the previous vaults. This launch is nearly fee-less, with 77% fewer fees than before.

The new CAKE vault will be paired with a Launchpool Boost that all expect to see lower fees and big earnings. Users will earn auto-compounding CAKE from their deposits. The vaults have also updated the security. The Beefy Team eliminated the middlemen platforms between their vault and PancakeSwap. With the extra step removed, there will less risk for smart contract and partner error.

Old users of the Beefy Finance app should be aware of some coming changes on the protocol. All three of their old CAKE vaults will be changing over to one single vault. Beginning June 14, no more new deposits will be allowed for Smart CAKE, CAKE SwampFinance, and CAKE Autofarm. Vaults will not stop earning interest and should be moved over before all accounts are retired completely on 21 June. 

Source

The event schedule for BeefCake week will feature an event every day, including education AMAs and NFT contest. See the lineup below.

June 14, Monday: 

  • Launch new pure CAKE Beefy Vault
  • Smart Cake no longer accept deposits
  • Swamp and Autofarm CAKE vaults
  • NFToaster BeefCAKE Meme Contest
  • BSC News Live Interview, with Mooncow

June 15, Tuesday:

  • Iron Finance x Beefy Learn AMA
  • King Finance $500 KROWN Giveaway

June 16, Wednesday: 

  • King Finance x Beefy Learn AMA

June 17, Thursday:

  • SafePal x Beefy Learn AMA

June 18, Friday: 

  • NFToaster BeefCAKE Meme Contest voting


About Beefy Finance

Beefy Finance is a multi-chain yield optimizer on Binance Smart Chain. The protocol’s token, $BIFI, is currently trading at ~$1,354, according to CoinMarketCap. Beefy is known for its high yields on their compounding interest for investors. Beefy Finance offers unique vaults for users to stake crypto tokens and earn high yields from their deposits. 

For more information about Beefy Finance and their vaults, check them out at the following links:

Website | Medium | Telegram | Discord | Twitter | GitHub | Additional Resources |

Tags:
No items found.
Kyle Heise

Born and raised in the East Bay, and a fifth-generation San Franciscan. He has studied and worked on three continents and lived in eight countries. Kyle lives and works in San Francisco.

Text Link

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.