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Hello again dear.
I keep sending alerts of interesting opportunities about investing in cryptocurrencies. The world of DeFi is incredible and every day that passes multiple ways arise to take advantage of our savings.
You probably already know Beefy.finance. It is an app practically similar to Pancakeswap, with small distinctions but on a practical level it offers pools that are run in the same way.
This January 15 they have listed some of their juiciest and most reliable pools. They have the advantage that we can come and go as we please.
- Don't forget these points:
- You need a Metamask or Trustwallet wallet to get started, others are available.
- To enter a Vault you must first approve the contract. This has a cost that usually varies between 0,05 and 0,10 cents on the dollar.
- To deposit your funds you need to sign and authorize the transaction again. This action usually involves a higher cost, sometimes more than 50 cents on the dollar. If we keep comparing it with the Ethereum blockchain it is profitable.
- To withdraw our earnings and get out of the pool we need to approve another transaction. It usually carries a 1% additional cost.
- Beefy puts your savings into compound interest automatically unlike Pancakeswap.
? It is important to know that Beefy is in beta phase, it is not audited and your funds are not insured. The percentages are very susceptible to drastic variations in a matter of days, minimizing your profits. Think carefully where you put the money.
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