Beefy Finance New Iron Finance Vaults Deployed On QuickswapDEX Farm On Polygon Network.

Beefy Finance New Iron Finance Vaults Deployed on QuickswapDEX Farm on Polygon Network.

Users can now Stake the following LP on the Beefy Finance (Polygon Network) platform.

TITAN-ETH LP
IRON-USDC LP

How to Stake on Beefy Finance to earn rewards?

Visit this webpage: https://polygon.beefy.finance/

Click “Approve” on the TITAN-ETH LP or IRON-USDC LP Vaults

Click on the stake button.

Confirm the transaction.

About Iron Finance

IRON token is a partially collateralised token, soft pegged to the U.S. Dollar, available both on the Polygon network and on the BinanceSmartChain.

The protocol aims to maintain IRON token’s price stability, in other word the peg, by storing sufficient collateral in the time-locked smart-contracts. This collateral is used for redemptions, helping to maintain price stability. The collateral consists of two tokens. On the Polygon network, USDC and TITAN token, while on the BinanceSmartChain it uses BUSD and STEEL token. The USDC or BUSD token is deposited into the protocol when a user mints IRON token, while the TITAN or STEEL token which is used for minting is burned. When the user redeems IRON tokens, the protocol pays back USDC or BUSD tokens and mints the required amount of TITAN or STEEL token.

About QuickSwap

QuickSwap is a permissionless decentralized exchange based on Ethereum, powered by Polygon’s Layer 2 scalability infrastructure. Incorporating a community-focused governance structure and a fair token distribution model, QuickSwap is empowering traders while removing the costly barriers to entry to DEXs for the general crypto user.

About Beefy Finance

Beefy Finance is a Decentralized, Multi-Chain Yield Optimizer platform that allows its users to earn compound interest on their crypto holdings.

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.

The main product offered by Beefy Finance are the ‘Vaults’ in which you stake your crypto tokens. The investment strategy tied to the specific vault will automatically increase your deposited token amount by compounding arbitrary yield farm reward tokens back into your initially deposited asset. Despite the name ‘Vault’ suggests, your funds are never locked in any vault on Beefy Finance: you can always withdraw at any moment in time.