Beefy Escrowed Fantom Price(BEFTM)

Beefy Escrowed Fantom ($beFTM) is a specialised token associated with the Beefy Finance platform, which stands out for its objective of simplifying and optimising the staking experience on the Fantom blockchain. It enables users to tap into maximised Validator Node rewards, which are typically unattainable for individual investors who wish to stake FTM tokens for extended periods (often up to one year).

Upon depositing FTM tokens, users mint $beFTM tokens on a 1:1 basis, which are subsequently backed directly by their deposited FTM. Not only can these tokens be staked on the Beefy platform, but they are also eligible for liquidity pooling on major decentralised exchanges. This dual functionality provides users with flexibility in managing their assets while optimising potential returns.