Discover and read the best of Twitter Threads about #beFTM
Most recents (1)
1/17
@beefyfinance Escrowed Fantom #beFTM
What is it?
Who should invest in it?
Who should not?
When to buy, when to mint?
A thread 🧵
(No financial advice is being offered of course)
@beefyfinance Escrowed Fantom #beFTM
What is it?
Who should invest in it?
Who should not?
When to buy, when to mint?
A thread 🧵
(No financial advice is being offered of course)
2/17
What is it?
It represents $FTM which has been delegated and max locked to Beefy's Fantom Network Validator Node.
You cannot redeem it for FTM, but you can trade it.
Beefy's node is ID 92. At time of writing it is the 21st largest node.
What is it?
It represents $FTM which has been delegated and max locked to Beefy's Fantom Network Validator Node.
You cannot redeem it for FTM, but you can trade it.
Beefy's node is ID 92. At time of writing it is the 21st largest node.
3/17
When #beFTM is minted 1:1 with FTM, that FTM is delegated on a 1 yr rolling perpetual lock to receive maximum staking rewards.
Over 6 M FTM has already been delegated in this way (as can be determined by the beFTM Total Supply)
When #beFTM is minted 1:1 with FTM, that FTM is delegated on a 1 yr rolling perpetual lock to receive maximum staking rewards.
Over 6 M FTM has already been delegated in this way (as can be determined by the beFTM Total Supply)
