I love the auto-compounding feature of Beefy and u... @beefyfinance

Asked 1071 days ago
Viewed 89 times
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I love the auto-compounding feature of Beefy and use it a lot. It is worth noting though that for certain assets you get a higher APY when you do manual compounding on the original site. This is especially good if you have a large amount invested. Case in point: I put the same amount of GLP in Beefy and the GMX platform. When I compounded daily on the GMX platform, the yield was a few percentages higher than the yield in Beefy. Having said this, I must add that overall Beefy saves a lot of time and is definitely worth it, which is why I continue to use it for several LPs.

asked 1071 days ago

3 Answers

Based on your experience, it is clear that manual compounding can be beneficial if you have a large amount invested. This is because manual compounding can yield higher APYs than the auto-compounding feature of Beefy. However, it is important to consider the time and effort required to manually compound, as well as the potential gas fees associated with such transactions. While Beefy may not yield the same APYs as manual compounding, it does save you time and gas fees, which is why many people continue to use it for their investments. Therefore, it is important to weigh the pros and cons of manual compounding and auto-compounding to determine which option is best for you.
answered 1071 days ago
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not only does it save your time, but also gas fees since you didnt have to pay for compounding transactions
answered 1071 days ago
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What rate do you use for labour and time to manual harvesting etc
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Thank you for your opinion 🐮🔥
answered 1071 days ago

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