Aurora becomes the thirteenth protocol to be supported on Beefy Finance, adding more vaults and multiple income streams for users.
Beefy Finance Introduces Aurora Vaults
Beefy Finance continues to expand its ecosystem by supporting numerous vaults from different networks on its multi-chain yield optimization platform. The latest network to join Beefy Finance is Aurora, an Ethereum Virtual Machine (EVM) on the NEAR blockchain.
Aurora becomes the thirteenth protocol supported by the yield optimizer, and users would now gain access to over five new Aurora vaults with high Annual Percentage Yields (APY). Beefy Finance disclosed the exciting addition to the public on February 2nd, through its Twitter account.
“Another week, another chain. The pace never slows when it comes to new networks, and Beefy doesn’t disappoint. We’re happy to announce the release of our new Aurora vaults, making it the thirteenth protocol we support. How’s that for multi-chain?” Beefy Finance wrote on Twitter.
Multiple chains mean more sources of income for the Beefy community and a positive impact on the protocol’s native BIFI token. With thirteen networks deployed by the platform, Total Value Locked (TVL) and buybacks tend to increase, adding positive interest from investors to buy the $BIFI token.
As of writing, $BIFI is worth $2159.26, with a 24-hour trading volume of $3,308,368, according to CoinMarketCap data. In addition, the protocol’s TVL is currently above the $170 million mark. While BIFI is currently performing well in the space, smart contracts, tokens, and cryptocurrency remain risky. As such, BSCNews always instructs our readers to Do Your Own Research (DYOR) before investing in any token.
What is Beefy Finance?
Beefy Finance is a cross-chain yield farming aggregator on Binance Smart Chain, HECO, Polygon, Fantom, and Avalanche blockchain that helps investors to grow their crops automatically through its automated vault strategies.
Where to find Beefy Finance:
Source : bsc.news
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