Yesterday, the DeXe.Network announced farming DEXE and CAKE on PancakeSwap. Today, that farming went live. But our farming unboxing is far from done. Because, as of right now, users no longer have to manually stake the BUSD/DEXE LP to earn CAKE, then stake the earned CAKE to earn more DEXE, and then repeat the cycle over and over to optimize yield.
From now on, users can do things the easy way — thanks to Beefy.finance. All users have to do is deposit the BUSD/DEXE LP into Beefy’s BUSD/DEXE Vault and Beefy will take care of everything else — automatically collecting earned CAKE, staking it to get more DEXE, using that to get more of the LP for you, and back to earning CAKE. Over and over, for maximum yield with zero extra work by the user.
Just picture a farmer going into the field with only a sickle, spending hours and hours to harvest that bushel of wheat. Then, one day, the farmer gets a tractor that harvests a whole field of wheat in 10 minutes. Without even breaking a sweat. Well, the DEXE farming tractor is being unboxed thanks to Beefy.
Per Beefy’s, Roastyb: “We were really excited to see the token of the leading DeFi social trading protocol come to PancakeSwap and so we created a vault for automatic DEXE farming.”
With automatic yield aggregators like Beefy, there is no need to farm manually, especially since no human can maximize yield as quickly and efficiently as a well-designed algorithm. The biggest benefit to users — even more so than yield maximization — is the peace of mind knowing that farming is taking place every minute without the user needing to do or remember anything.
Per DeXe Network’s Co-Founder, Dmitriy Kotliarov: “We always try to give the DeXe community the most user-friendly experience — and Beefy is the easiest way to farm we’ve ever seen.”
With farming yield maximization automated for them, users have more time to look at the protocol and products released by the DeXe Network, such as our Wallet-to-Wallet Copying tool and the upcoming social trading and asset management platform. Who said you can’t have your CAKE and eat it too?
Dexe.network is a decentralized social trading platform that operates via autonomous smart contracts and includes tools for virtual currency allocation and automatic rebalancing. It eliminates the risks of transferring digital wallet details such as private keys and API or any virtual currency data to a third party. Most importantly, the DeXe Network connects successful traders and followers in a transparent, verifiable way for the benefit of both groups.
Beefy.finance was created by a team of developers whose mission is to make the whole DeFi sustainable in the long-term and easy for anyone to participate in. They are inspired by the yield optimization projects created by Andre Conje’s yearn.finance and are bringing those mechanisms to the Binance Smart Chain (BSC) and PancakeSwap.
Stay tuned for more with us!
Official telegram channel: https://t.me/Dexe_network
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