Moonpot is a win-win savings platform on Binance Smart Chain
The interest rates on offer give you the kinds of returns that people only dream about in the traditional financial system. But on top of that, you also have the chance to win big-money crypto prizes each and every week. All you have to do is deposit your assets in one of our pots.
It really is as simple as that.
Sounds too good to be true? Well, that’s because you’re used to the low rewards and centralized exploitation of the old financial system. Moonpot’s smart contracts are here to help you take advantage of the intergalactic interest rates found in crypto and DeFi.
So jump on board before the rocket launches!
Your assets are being put to use in ways that earn — as a bank would do — but because there is no middleman the returns (or “yields” as they’re called) are much higher than in traditional finance. That’s where the money for the interest and prizes on Moonpot is coming from.
Given there’s money at stake let’s get more specific:
Moonpot is powered by Beefy.Finance.
All of Moonpot’s savings pots are built on top of Beefy ‘vaults’, which is where the assets are held, and earn their interest. In fact, Moonpot is essentially a new product and brand extension from core members of the Beefy team (working alongside carefully selected partners).
Anyone familiar with DeFi will know that Beefy Finance is the most trusted and proven yield-farming optimizer on Binance Smart Chain (BSC) — with more than 1m unique visitors per month and over 400m USD of assets safely deposited on its platform.
Beefy was one of just three projects picked out of 650 submissions to receive Binance’s Most Valuable Builder award for the quality and reliability of its work on BSC. Beefy has also been audited for safety by Certik, which is the crypto industry’s leading security auditing service.
But if you’re new to all this then the Beefy name may mean nothing to you. It’s important to us that everyone boarding Moonpot’s shuttle to the stars has a full understanding of what’s going on. So let’s invite any new Cadets into the briefing room so they can get up to speed.
Beefy Finance is a fully audited DeFi platform that offers its users ‘vaults’ in which to put their assets for high returns. These vaults, in turn, are built on top of the different DeFi products out there — a DeFi money market where interest is paid to those lending out assets, for example.
Where Beefy is special is the way its smart contracts are designed so your interest is continuously compounded and reinvested in the DeFi product you are taking advantage of. This maximizes your annual returns to even higher highs. And because it’s all done through computer code, everything is absolutely automated. It’s like flying to the moon on autopilot!
Beefy now has more than 400 vaults on offer, and its users have deposited close to half a billion dollars. Some of those vaults have fairly complex mechanisms, however, which open you up to risks such as ‘impermanent loss’, which basically means your investment can lose value. And none of those 400 options give you a chance to win big with a weekly prize draw.
Moonpot is here to put the simplicity, safety, and fun back into DeFi savings accounts.
SIMPLE: launching 20 July with our CAKE Moonpot — other assets to follow in the future. No confusion. No loss. Only growth.
SAFE: Moonpot avoids risky DeFi operations. Assets are deposited in special pots created by the trusted and audited team at Beefy Finance. Our pots only invest in tried and tested blue-chip DeFi products with a proven track record.
FUN: enjoy the thrill of Moonpot’s weekly big-money prize draw for all users. No need to buy a ‘ticket’. Anyone who deposits assets with Moonpot is eligible. It could be you!
Follow us on Twitter at @moonpotdotcom to join the mission today