Trader Joe x Beefy Partnership
We at Beefy are constantly looking for the best returns for our users, that’s why we are partnering up with TraderJoe, to bring you some of the best farming opportunities in the Avalanche space.
Beefy has locked more than $30,000,000 TVL in Avalanche in only a few weeks, these are some of the TraderJoe vaults that are currently auto-compounding for Beefy users.
In this document you will find a recap of our TraderJoe vaults, some exciting new ones, a very useful guide on how to bridge, and a contest to win some $AVAX at the end, so read all the way through!
Do you know Avalanche?
With blazingly fast latency (TTF) and the most validators of any proof-of-stake protocol, Avalanche is one of the most exciting low cost and eco-friendly smart contracts platforms in the blockchain industry.
The Beefy Finance & Trader Joe Friendship
Trader Joe is the largest exchange native to Avalanche, providing the highest variety of trading pairs with the deepest liquidity, allowing users to trade the widest range of tokens with nearly zero slippage.
You may already know TraderJoe from the AMA that was hosted on the Beefy Discord server. We discussed Joe’s future launches, their tokenomics, and secret alpha insight. Catch up on the recap here: AMA Recap Link
As a symbol of Beefy Finance & Trader Joe’s friendship, Trader Joe will launch a BIFI-AVAX Farmers Market with a 2x Multiplier. Trader Joe will also be launching a BNB-AVAX farm with a 3x Multiplier. These multipliers will only last for a limited time, so jump in fast to get the boosted APRs.
In addition to this, we will be releasing Beefy vaults for those farms at the same time they go live, so stay vigilant to the official Beefy Finance twitter account.
The vaults as well as the farms will go-live the next Tuesday 21.
Are you liking these opportunities but have yet to cross a bridge to the Avalanche ecosystem? Keep reading, we have some bridging information you might find useful.
Good Bridging to you sir
To travel over to the Avalanche eco, you will need to ‘bridge’ your assets to the ‘C-chain’ (The chain where all smart-contracts live in Avalanche).
In order to have gas (AVAX) to pay transactions, you can send it directly to your wallet through Centralized Exchanges, like Binance, or Kucoin (No KYC).
Doing this is easy. You just need to create an account in any of those, and fund your wallet with AVAX (either buying it in the exchange, or sending it from BSC). Later you can withdraw them almost instantly.
How to withdraw your AVAX from Binance to C-chain directly.
In order to send the AVAX to your wallet, you need to add your 0x address to your Binance Whitelist. To do this go to https://www.binance.com/en/my/security/address-management , press Add address, and complete the fields like in this example.
After that, go to your Spot Wallet, choose AVAX, select Withdraw, and complete the required fields like in the next image, and press the new Withdraw button.
In less than 1 minute I received the AVAX directly on my C-Chain wallet.
You can use this method to send all of your funds in AVAX, and rebuy the tokens you wish on TraderJoe.
If you want to use the above method to only send enough AVAX for gas, you can use on-chain bridges to send your other tokens. We will explain how to send BIFI through Anyswap, but you can send stables easily through bridges like Celer Bridge or Stables.Anyswap, always ensure there is enough liquidity before bridging.
How to send BIFI (or BNB)
We will explain to you how to send BIFI from Binance Smart Chain to Avalanche. Just keep in mind the process is exactly the same for BNB, though sending BNB might have fees while BIFI is free.
To bridge BIFI to Avalanche you need to be connected to the Avalanche network, and enter Anyswap your BSC BIFI will appear on the top, and your receiving chain in the bottom. Just press Swap and wait to receive it.
You will receive your BIFI in the Avalanche C-chain.
If you have any issues bridging or looking for more information don’t hesitate to ask in our Discord channel #Avalanche
Want some gas (AVAX)?
We want to celebrate this new farms and vaults with some earning opportunities for early adopters. We will be giving away $600 in AVAX forthose who participate in the following contest.
To participate you need to deposit more than $100 in any of the BIFI-AVAX / BNB-AVAX vaults or farms, follow @BeefyFinance and @TraderJoe in Twitter, and complete this form. Winners will be randomly selected from the valid entries the 1st of October.