Beefy Finance and ONTO to host liquidity extraction program
ONTO and Beefy Finance recently collaborated on a BIFI and AMA competition. Beefy Finance’s market valuation is approximately $ 1,120, with a 24-hour trading volume of $ 1,451,393. This event will be a huge boost for current clients as it will be extremely profitable for them.
ONTO is offering $ 2,000 in incentives during its collaboration with Beefy Finance to increase liquidity, including approximately $ 1,000 in NGOs and $ 1,000 in BIFI. A portion of the profits will be donated to the first 200 people who stake ONTO-BNB LP tokens on Beefy using the ONTO wallet. If there are less than 200 competitors, the $ 2,000 prize pool will be shared equally. Isn’t that a fantastic price for all participants?
Clients who invest their APE-LP / WLP tokens on Beefy using the ONTO wallet and make sure to add a minimum of $ 20 of ONT-BNB volatility on ApeSwap or Wault Finance can earn $ 5 from NGOs and $ 5 from BIFI.
To get their LP tokens, users must first add the liquidity of the ONT-BNB trade pair to ApeSwap or Wault Finance and then invest the LP tokens on the Beefy Finance platform. Users who wager on both WLP and APE-LP tokens will not get a double return; they should only choose one of the two. All ONTO customers are eligible to participate, but each ONT device / ID will only be counted once. ONT ID portfolios are the only ones that can claim the NGO awards because NGO belongs to the OEP-4 asset category.
Let’s take a closer look at Beefy Finance and ONTO to better understand their activities and their impact on event planning.
Beefy Finance provides a decentralized, multi-chain yield optimization tool that allows users to generate compound interest on their held cryptocurrency. It maximizes the benefits for users of various Automated Market Making (AMM) initiatives, liquidity pools (LPs), as well as other yield farming opportunities in the DeFi space using a set of investment techniques protected and implemented by payment systems called smart contracts.
On the other hand, ONTO is the first fully decentralized cross-chain wallet, allowing people to securely control their identities, data and services online. ONTO customers can keep their digital money (including NFTs), perform cross-chain trades, stay on top of business issues and updates through the ONTO profile page, and access a number of dApps.
Users can create ONT ID, a cryptographically secure identification that fully secures their confidential information and enables one-click multi-channel wallet address generation and administration with ONTO Wallet. ONTO Web Wallet for the Chrome browser is also available for Windows users.
Users can guess how this Cryptographic event will turn out to be for all involved and how it will have an encouraging and impressive effect after learning everything on both sides.