Velvet Capital, an intent-based operating system dealing with decentralized finance, has recently announced an exclusive integration with Base-based Beefy Finance. As per Velvet Capital, the respective integration delivers exclusive yield opportunities, denoting a unique chapter in the case of yield optimization to facilitate the community. The platform disclosed this development on its official social media account.
Excited to announce our partnership with @beefyfinance to unlock new yield opportunities on Base
🧵 below pic.twitter.com/T7tedJrYG1
— Velvet.Capital (@Velvet_Capital) August 31, 2024
Valvet Capital to Integrate with Beefy Pools to Provide New Yield Opportunities
Along with the social media announcement, Velvet Capital also shared a blog post on its official web portal. It noted that Beefy Pools target to expand profits via a procedure called yield farming. Consumers offer liquidity by token deposits into diverse pools. Following that, the platform allocates the respective tokens across several DeFi protocols for rewards. The automated strategies of Beefy reinvest the respective earnings into the pools, increasing interest with time.
This boosts the likely yields and permits the consumers to leverage optimal returns. In this respect, they do not require managing the procedure manually. With the latest integration, Velvet Capital clients can now conveniently enter the optimized strategies for yield across many DeFi entities. This partnership permits users to grow returns via automated strategies, calculated liquidity management, and compound rewards.
These all are accessible to them via the intuitive interface of Velvet Capital. In addition to this, the collaboration also offers improved liquidity options. It enables clients to reach several liquidity pools. This enhances the breadth and depth of the opportunities concerning yield farming. Moreover, the automated strategies of Beefy let users leverage their rewards’ continuous reinvestment.
To Celebrate this, Beefy Establishes 3 Diverse Pools, Offering Daily Velvet Points
This enables them to get maximized compounding with no manual intervention. At the commencement of the integration, the team at Beefy reportedly decided on the establishment of 3 diversified pools. The platform will offer these pools on the official Velvet Base App. The consumers can regularly earn Velvet Points.
Moreover, 5 clients holding a minimum of 1 of the respective 3 Beefy Vaults will obtain fifty points in the form of a bonus giveaway. According to Velvet Capital, the users can easily integrate with Beefy Base Pools. They can either develop a private or public vault on the application. After creating the vault, the users can swap assets into the Beefy Pool. They need to scroll down and opt for a pool.