Explaining Beefy using simple infographics
Here, various aspects of Beefy will be explained using easy to understand infographics.
At Beefy 'you earn what you stake', regardless if this is a liquidity pool (LP) token or a single asset. In this example, staking CAKE-BNB LP will result in more CAKE-BNB LP over time. This effectively grows your share in the liquidity pool and thus allows for more and more rewards over time. All of this with Beefy doing the required work, while you can sit back and relax!
"What you see is what you get": the fees are already accounted for in the displayed APY!
Beefy Zap automatically builds your liquidity pool (LP) tokens from a base deposit asset, such as BNB. When the time has come that you want to withdraw from a LP vault, Beefy Zap also supports withdrawing back into a base asset. This saves you the hassle of manually adding and removing liquidity at a yield farm. Here's how to use Beefy Zap