Hey mod. If I invest in beefy is it auto compound ... @beefyfinance

Asked 1059 days ago
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Hey mod. If I invest in beefy is it auto compound the lp it earn ??

asked 1059 days ago

2 Answers

Yes, if you invest in Beefy, your LP will be automatically compounded. When you deposit into a vault, the amount of BIFI you receive will increase over time, with the amount of BIFI you get increasing by 10% each time. This means that you will earn more LP as your BIFI balance grows. This is because the LP you earn is based on the amount of BIFI you hold. As your BIFI balance increases, so does the amount of LP you earn.
answered 1059 days ago
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Suppose you deposit in a vault 1 BIFI, you will get 1.1 BIFI, 1.21 BIFI, etc, over time
answered 1059 days ago
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More LP
answered 1059 days ago

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