DeFi keeps sizzling with the latest iteration of BeefyFinance boosting with another protocol, first PancakeSwap and now ApeSwap.
BeefBANANA Week Is Here
Beefy Finance is teaming with the Decentralized Exchange (DEX) ApeSwap to bring a full week of fun in the jungle. The announcement for BeefBANANA Week came through a teaser Tweet on July 24 via the BeeyFinance account.
Hot Summer Week
ApeSwap keeps their Hot Decentralized Finance (DeFi) Summer rolling with another partnership. The ApeSwap team has been working hard to build their reach and this move with Beefy seeks to increase traffic and volume at ApeSwap.
The Tweet teased users by tagging Binance Smart Chain (BSC) and Polygon. Could this mean that users will be seeing drops and releases on those two chains? Users were excited across the various social media of platforms, like Telegram and Twitter in discussing their predictions for the event.
The bungle in the jungle begins July 26––watch the socials of both groups for the most relevant information.
Lessons from BeefCAKE Week
PancakeSwap and Beefy came together in June for a whole week of fun. The event was titled BeefCAKE, and if that event was any indication, users should hopefully see a repeat of fee eliminations, project innovations, and community engagement.
The first iteration of Beefy Finance partnering with another protocol created much lower fees for fans and a fun week of media hype. Previously we saw big launch boosts the two tokens involved as well. ApeSwap will be able to interact with the strong Beefy Finance strong community.
Both protocols have had a strong focus on marketing as of late. Founder of ApeSwap Obie Dobo joined BSC.News for the inaugural AMA on Reddit and the first AMAChella. Mooncow, a critical member of BeefyFinance, joined BSC.News for a recent podcast episode and a BSC.News livestream to discuss developments with his other project MoonPot protocol.
The successful collaboration lies ultimately with the attraction of users. In DeFi, volume and activity propel the platforms and protocols, and there must be users to do that. The news of BeefBANANA is a welcoming reason to pay attention to both ApeSwap and Beefy Finance.
About ApeSwap
ApeSwap is a DEX, Automated Market Maker (AMM), yield farming, and staking platform on BSC. The platform is built to benefit its users with many unique features that allow them to earn tokens. ApeSwap’s BANANA token currently sits around $2.60. The ApeSwap protocol has a 24hr trading volume of around $11Million USD. The site has over $350 Million in Total Volume Locked and over 80 partnerships across the DeFi world. ApeSwap has a Telegram with over 23,000 members and a Twitter following over 113,500.
For those who wish to learn more about ApeSwap check out the following resources:
About Beefy Finance
Beefy Finance is a multi-chain yield optimizer on Binance Smart Chain. The protocol’s token, $BIFI, is currently trading at ~$857, 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. The protocol has a market cap of $61 Million and a TVL of about $350 Million.
For more information about Beefy Finance and their vaults, check them out at the following links:
Website | Medium | Telegram | Discord | Twitter | GitHub | Additional Resources |
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
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