Beefy Finance V2 Migration Progress

Beefy Finance has announced that it has started to deploy new vaults for V2 farms. Users are urged to remove V1 liquidity, add V2 liquidity and enjoy auto compounding.


Introduction 

Given that PancakeSwap is coming closer to the completion of farm migration, Beefy Finance (BIFI) will deploy new vaults for V2 farms. The yield-optimizing platform announced this on Twitter, adding that the vaults will be deployed in small batches like PancakeSwap. 

Editors Note, All Vaults have since been released:

Source

Beefy Finance V2 Migration 

In just five steps, users can migrate their assets from the old Beefy Finance vaults. 

The first step is to withdraw your PancakeSwap LP tokens from the old Beefy.Finance vaults. 

Visit v1exchange.pancakeswap.finance/#/pool and remove V1 liquidity. 

After this is done, visit exchange.pancakeswap.finance/#/pool, and add V2 liquidity. 

Stake your V2 LP tokens into the new Beefy vaults. 

Get a kick out of auto compounding. 

New Vaults: PancakeSwap V2 Migration 

Below is a list of some of the new pancakeSwap vaults on Beefy.Finance users can migrate their assets into and their Annual Percentage Yield (APY). 

$CTK – $BNB (4390% APY)

$BSCX – $BNB (1060% APY)

$BALBT – $BNB (1290% APY)

$TEN – $BNB (1170% APY)

$ALPA – $BNB (34290% APY) 

$SUTER – $BNB (20500% APY)

$PERL – $BNB (11930% APY)

$HZN – $BNB (4340% APY)

Beefy Finance V2 Vault Progress

Source

As of the 25th of April 2021, BIFI confirmed that 53 PancakeSwap V2 vaults were added to its platform since the migration started. The image above shows a list of newly updated vaults and the ones still under development. 

Hours later, ten new vaults were added, making it a total of 63 PancakeSwap V2 vaults on BIFI. 

Source

New vaults above in no particular order include: 

$TPT – $BUSD (352% APY)

$SUSHI – $ETH (49% APY)

$COMP – $ETH (37% APY)

$DAI – $BUSD (21% APY)

$USDC – $BUSD (17% APY)

$DEXE – $BUSD (3090% APY)

$XMARK – $BUSD (1140% APY)

$LINA – $BUSD (1140% APY)

$RAMP – $BUSD (1270% APY)

$IOTX – $BUSD (604% APY)

Users can also migrate their assets into these new PancakeSwap vaults on BIFI. 

source

tBTC – BTCB LP (607% APY)

bBADGER – BTCB LP (1020% APY)

bDIGG – BTCB LP (7020% APY)

Source

MIR – UST LP (263% APY, 0.35 daily)

ALICE – BNB LP (508% APY, 0.50% daily)

Source

Also, BIFI-BNB LP (PCS V2) vault with 365% APY and 0.43% daily is active on BIFI. Similar to all Beefy vaults, users’ staked tokens compound automatically. 

Source : bsc.news

Leave a Reply

Your email address will not be published.

en_USEnglish