MIDAS – FTM Vault on Beefy Finance

We’re excited to announce that the MIDAS-FTM pool on SpiritSwap has been added by Beefy Finance to their active vaults!

You can find the Midas vaults on Beefy Finance at the following link: https://app.beefy.finance/

What is Beefy Finance?

Beefy Finance is a Decentralized, Multi-Chain Yield Optimizer platform that allows its users to earn compound interest on their crypto holdings. It is one of the leading vault protocols connected to multiple chains, including Fantom Opera Network.

Through a set of investment strategies secured and enforced by smart contracts, Beefy Finance automatically maximizes the user rewards from various liquidity pools (LPs),‌ ‌automated market making (AMM) projects,‌ ‌and‌ ‌other yield‌ farming ‌opportunities in the DeFi ecosystem.

What are the Beefy Finance Vaults and how do they work?

Beefy Finance employs automated strategies aimed to optimize yields from liquidity pools by compounding yield farm reward tokens back into your initially deposited asset. This provides a huge advantage over attempting to do this manually, saving on personal time and transaction fees, as well as manual errors.

For this example: Beefy automatically harvests and sells SPIRIT token to buy more MIDAS and FTM and reinvest them in the pool. This results in a higher yield: without compounding, LPs are earning around 40% APR vs approx. 54% APY on Beefy Finance vault.

More information about Beefy’s vaults here.

About MIDAS

MIDAS is a custodial crypto-investment platform for staking core crypto assets and DeFi markets. Midas.Investments have the long-term vision of providing users with a stable and profitable passive income source that would help them earn one of the highest yields on major cryptocurrencies such as BTC, ETH, and USDT.

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