CRYPTO NEWS & DATA SPACE

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Midas Vault on Beefy Finance

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Midas Vault on Beefy Finance — MIDAS-FTM pool on SpiritSwap has been added by Beefy Finance to their active vaults!

Users can now enjoy another way to earn extra bucks. This pool is a big advantage to grow their ecosystem. You can find the Midas vaults on Beefy Finance at the following link: https://app.beefy.finance/ And now announcing Midas Vault on Beefy Finance.

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.

How does Midas generate yield?

Using different models of volatility prediction, correlation, strategies, collateral asset models, and hedging, the Midas DeFi Team will help users achieve efficiency in all areas of DeFi. The team of professionals works hard to build a portfolio for each asset based on the market conditions and the DeFi strategies that complement one another, have robust risk management policies, and boast sustainable yield generation.
Here are some strategies that Midas used for deposited assets:
  • Concentrated liquidity provider for Uniswap V3 – Providing concentrated liquidity for two assets in a chosen price range (eg. ±5%).
  • Borrowing for target asset’s collateral to free liquidity – Used as a combination with another strategy and performs extremely well in terms of USD increase.
  • Yield vaults – The product of the decentralized hedge funds, such as YFI. These strategies are designed to maximize the return of assets to the vaults.
  • Asset+Stable liquidity provider to hedge from market pullbacks – Combining assets with USDT or any other stable allows earning more assets during market pullbacks due to impermanent loss. This increases the asset amount. Additionally, asset+stable liquidity pools are hardly incentivized by protocols since it is one of the most used trading pairs.
  • Leveraged liquidity farming – Combining assets with USDT or any other stable allows earning more assets during market pullbacks due to impermanent loss, which increases the asset amount. Additionally, asset+stable liquidity pools are hardly incentivized by protocols, since it is one of the most used trading pairs.

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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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About Beefy Finance

Beefy Finance is a Decentralized, Multi-Chain Yield Optimizer platform. 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.

Moreover, 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.

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SOURCE

https://blog.midas.investments/midas-ftm-vault-on-beefy-finance/

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