A new NZDS-driven vault has recently been launched on Beefy Finance. The Beefy 2NZD pool auto compounds for liquidity providers to the NZDS-jnzd pool on Curve. The Curve pool which was launched by the Jarvis.network platform, offers LPs rewards in the form of Jarvis tokens. The NZDS/jnzd pool was accepted into the latest Jarvis rewards program following a community governance vote and rewards began in late July.
Beefy offers users a convenient way to farm native tokens that are a part of the liquidity incentive program.
Beefy auto-compounds and users can deposit the LP tokens they receive for being liquidity providers for AMM pools.
An auto-compounder collects Liquidity provider rewards for depositors, over what the platform calls the optimal reward period and re-invests them into the platform. They then stake native tokens and redeposit tokens into pools to ensure that the earnings are maximised. All operations are conducted through smart contracts.
Beefy Finance simplifies the process for long-term LP providers to earn rewards and removes the process of signing transactions and paying gas periodically to earn maximum rewards.