Looking for the best $FTM play on @FantomFDN right now? What if I told you that it's possible to get close to 90% APY on your FTM? Let's jump in, a short thread ๐งต๐
@FTMAlerts @rektdiomedes @alexandomega @beefyfinance
@FTMAlerts @rektdiomedes @alexandomega @beefyfinance
@beefyfinance recently revolutionized #FTM node delegation with $beFTM: beFTM gives stakers access to maximized validator rewards without the need to lock FTM for 1 year.
Let's talk APY: 
Since not everyone that has gotten their hands on $beFTM is staking it for the validator rewards, the raw wFTM earnings currently sit at a staggering 35.64% APR. ๐ Much higher than delegating to a #fantomnode individually!
Want that #Beefy compound interest? You'll get 40.55% APY from the $beFTM Vault, plus an optional boost for a total APY of 56.95% APY. ๐ฅ
Now, it's about to get even better ๐ฎ You can currently provide liquidity for $beFTM - $FTM at @Spirit_Swap and stake it in Beefy's vault for close to 90% APY! ๐ฅ
Since every $beFTM in circulation is backed 1:1 by $FTM, the expected impermanent loss should be negligible. The peg looks beautiful: ( CC: @dexscreener )
Beefy's node is ID 92. At time of writing it is the 19th largest node. Close to 12M FTM is currently staked: ftmscan.com/address/0xe97aโฆ
Closing/obligatory MOOO ๐ฎ
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