Beefy Finance | How To Stake BIFI?
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Hello, everyone!
I have already covered the Beefy.Finance stacking and farming platform. I told that in my opinion this is the best platform for this purposes because automatic reinvestment and high APY on stacking.
Today I am going to show you the new stacking opportunity which on the moment of writing this article is 43% APY. It was 90% APY when I used it, but you should know that APY decrease while the new user use it, but the relatively high APY remains for a long time. Moreover, the new stacking opportunities appears from time to time, which you can monitor on Beefy.Finance website.
I will show you step by step how to stake BIFI token in the current stacking pool. If you are new in this sphere, it will be interesting for you.
STEP 1
Buy BIFI tokens on Binance, for example.
STEP 2
Because the current pool is on Fantom chain, we need to add it on Metamask. Open the Metamask, click on the chains and click the Custom RPC. I have already added Fantom, do not pay attention to it on the pic, you need Custom RPC. When you click on it the form like on the right side of pic below will open. You should fill all fields with the means like on the pic and click save.
I have already covered the Beefy.Finance stacking and farming platform. I told that in my opinion this is the best platform for this purposes because automatic reinvestment and high APY on stacking.
Today I am going to show you the new stacking opportunity which on the moment of writing this article is 43% APY. It was 90% APY when I used it, but you should know that APY decrease while the new user use it, but the relatively high APY remains for a long time. Moreover, the new stacking opportunities appears from time to time, which you can monitor on Beefy.Finance website.
I will show you step by step how to stake BIFI token in the current stacking pool. If you are new in this sphere, it will be interesting for you.
STEP 1
Buy BIFI tokens on Binance, for example.
STEP 2
Because the current pool is on Fantom chain, we need to add it on Metamask. Open the Metamask, click on the chains and click the Custom RPC. I have already added Fantom, do not pay attention to it on the pic, you need Custom RPC. When you click on it the form like on the right side of pic below will open. You should fill all fields with the means like on the pic and click save.
Nota
Nota
STEP 3We need add the BIFI tokens on Fantom and BSC chains on Metamask. I will show you how to do it on Fantom. On the BSC you should do absolutely the same. See the pic below to understand the sequencing.
Nota
STEP 4Send your BIFI from Binance to Metamask. It should appear on Metamask in BSC network.
STEP 5
Now we need to send BIFI from BSC to Fantom network on Metamask. Go to AnySwap and follow the instructions on the pic below.
Nota
STEP 6We transferred tokens on Fantom network on Metamask. We are ready to deposit your BIFI. Go to Beefy.Finance website and follow the instructions on the pic below.
Nota
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
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