Beefy Finance V2 Migration Progress

Beefy Finance has announced that it has started to deploy new vaults for V2 farms. Users are urged to remove V1 liquidity, add V2 liquidity and enjoy auto compounding.

By
Utulu Hope
on
April 27, 2021
Category:
BSC News


Introduction 

Given that PancakeSwap is coming closer to the completion of farm migration, Beefy Finance (BIFI) will deploy new vaults for V2 farms. The yield-optimizing platform announced this on Twitter, adding that the vaults will be deployed in small batches like PancakeSwap. 

Editors Note, All Vaults have since been released:

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Beefy Finance V2 Migration 

In just five steps, users can migrate their assets from the old Beefy Finance vaults. 


New Vaults: PancakeSwap V2 Migration 

Below is a list of some of the new pancakeSwap vaults on Beefy.Finance users can migrate their assets into and their Annual Percentage Yield (APY). 

$CTK - $BNB (4390% APY)

$BSCX - $BNB (1060% APY)

$BALBT - $BNB (1290% APY)

$TEN - $BNB (1170% APY)

$ALPA - $BNB (34290% APY) 

$SUTER - $BNB (20500% APY)

$PERL - $BNB (11930% APY)

$HZN - $BNB (4340% APY)


Beefy Finance V2 Vault Progress

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As of the 25th of April 2021, BIFI confirmed that 53 PancakeSwap V2 vaults were added to its platform since the migration started. The image above shows a list of newly updated vaults and the ones still under development. 

Hours later, ten new vaults were added, making it a total of 63 PancakeSwap V2 vaults on BIFI. 

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New vaults above in no particular order include: 

$TPT - $BUSD (352% APY)

$SUSHI - $ETH (49% APY)

$COMP - $ETH (37% APY)

$DAI - $BUSD (21% APY)

$USDC - $BUSD (17% APY)

$DEXE - $BUSD (3090% APY)

$XMARK - $BUSD (1140% APY)

$LINA - $BUSD (1140% APY)

$RAMP - $BUSD (1270% APY)

$IOTX - $BUSD (604% APY)

Users can also migrate their assets into these new PancakeSwap vaults on BIFI. 

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tBTC - BTCB LP (607% APY)

bBADGER - BTCB LP (1020% APY)

bDIGG - BTCB LP (7020% APY)

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MIR - UST LP (263% APY, 0.35 daily)

ALICE - BNB LP (508% APY, 0.50% daily)

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Also, BIFI-BNB LP (PCS V2) vault with 365% APY and 0.43% daily is active on BIFI. Similar to all Beefy vaults, users' staked tokens compound automatically. 


About Beefy Finance 

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Beefy Finance is a Decentralized Finance (DeFI) Yield Optimizer project which allows users to generate crypto-crypto profit. This means that users will make crypto with crypto. BIFI ensures that its users get a yield on their crypto capital with ease in a very safe and decentralized manner — without the need for a third party. 

The platform automatically maximizes users' rewards from various liquidity pools (LPs), other yield farming DeFi ecosystems, and automated market-making (AMM) projects. 

With its unique vault offerings, the platform offers complex strategies that are easy and instinctive for investors. BIFI launched its first set of vaults on the 8th of October 2020 on BSC, making it the first yield optimizer on the network. 

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Utulu Hope

UC Hope is a passionate fan of crypto who could weave the latest event into sparks of inspiration and information. He leaves no stone unturned to get to the core of a story. Aside from writing, he spends his hours poring over algorithms and protocols, preparing for a future career as a computer programmer.