Details about Beefy Escrowed Fantom cryptocurrency
€12,387
12,720,005
0
Unknown
https://beefy.com/
@beefyfinance
133966x
€92721.2
Beefy Escrowed Fantom price charts
BEFTM exchanges
Beefy Escrowed Fantom, the crypto
Beefy Escrowed Fantom (BEFTM) is a cryptocurrency launched on the Fantom blockchain and operates as a yield farming aggregator.
The point
The main function of BEFTM is to help Fantom users optimize their yields on decentralized finance (DeFi) platforms by providing automated routing of funds between the best yield farming opportunities available. BEFTM pools user funds together and invests them in yield farming platforms, then redistributes the profits back to the users.
The problem
BEFTM tries to solve the problem of inefficiency and high gas fees in the yield farming process by aggregating the highest-yielding opportunities across multiple decentralized networks. This provides users with a more streamlined and cost-effective approach to yield farming without having to constantly monitor and move their investments around manually. Additionally, BEFTM offers an escrow service that reduces the risk of scams or rug pulls when participating in yield farming on decentralized platforms.
Compare BEFTM and BTC performance
| Timeframe | BEFTM | BTC |
|---|---|---|
| 1h change | 0.34395 % | -0.234911 % |
| 24h change | 2.67 % | 1.25967 % |
| 7 day change | 3.48 % | -1.44157 % |
| 14 day change | -19.92 % | -9.47799 % |
| 30 day change | -26.79 % | -7.33786 % |
| 200 day change | 367.17 % | 129.168 % |
| Year change | 95.06 % | 129.33 % |