Beefy Finance integrates Mogul STARS tokens into compounding Vault; giving STARS token holders increased use cases on the Binance Smart Chain.
TORONTO, ON / ACCESSWIRE / August 3, 2021/ Mogul Productions, a decentralized film financing and movie-based NFT platform has integrated with Beefy Finance, the fastest-growing decentralized, multi-chain yield optimization platform.
Beefy Finance allows its users to earn compound interest on their crypto holdings through their main product called "Vaults", where users stake their crypto tokens. Within a vault, specific token strategies automatically increase the deposited token amount by compounding yield farm reward tokens back into the deposited currency.
Following Mogul's partnership with ApeSwap, Beefy Finance has integrated the STARS_BNB ApeSwap pool into their platform, where users can deposit their STARS_BNB liquidity tokens from ApeSwap to earn compounding STARS_BNB tokens. The strategy in this Vault, designed by Beefy, is to use the ApeSwap BANANA reward to continually purchase more STARS and BNB, provide liquidity to the ApeSwap pool, and stake more STARS_BNB over time to compound the BANANA rewards provided by the ApeSwap platform. As posted by Beefy Finance, current yields on STARS_BNB can be up to 557%.
Beefy is audited by Certik, which guarantees the robustness of their smart contracts and the safety of funds locked into their smart contracts. Their audits can be found here.
STARS holders are able to use their tokens on Beefy as of July 30th, 2021. To learn more about Beefy's product, visit their documentation here.
About Mogul Productions (Mogul)
Mogul Productions is a decentralized film financing and movie-based NFT platform.
Using blockchain technology, NFTs, and tokenomics, Mogul incentivizes participation and engagement. The STARS token allows users to complete in-app payments, earn rewards and vote on key decision-making surrounding green lighting and producing feature films.
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Dan Spencer
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SOURCE: Mogul Productions
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