SafePal Earn is a yield aggregator built in the SafePal App for users to earn additional yield from their crypto holdings. It enables users to stake crypto assets into DeFi mining pools and earn passive interests from these pools, all done natively in the wallet without actually jumping to third-party DApps. Within the first stage, SafePal Earn has implemented some of the most popular pools from PancakeSwap and ApeSwap, while more blockchains and protocols will be gradually implemented in the future.
We welcome you to download the latest V2.9.0 SafePal App to start the effortless crypto-yielding experience. As SafePal Earn is still in its beta stage, if you encounter any problems when using Earn, please feel free to let us know here.
DeFi is difficult, before SafePal Earn.
For a crypto beginner, the learning curve with DeFi is usually long and complex. After climbing the high mountains of fiat onramp, wallet usage, and blockchain know-how, learning to use DeFi is no doubt another exhausting journey. To complete a DeFi use cycle, crypto beginners typically need to go through at least 11 steps before he/she can start to earn profits from the smart contracts, let alone the potential security risks of rug pulls and being hacked.
SafePal Earn is designed to change this situation.
SafePal Earn — DeFi Made Simple
SafePal Earn is a yield aggregator built in the SafePal App that combines some of the most popular DeFi pools into a clear, concise, and friendly interface. In SafePal Earn, users can stake crypto in a few simple steps and earn passive yield out of the pools, without having to open third-party DApps or store the necessary gas fee tokens needed to compound the pools. SafePal Earn provides a convenient way for users to navigate the DeFi world safely and manage crypto assets easily.
1. Faster, safer, and native DeFi experience
SafePal Earn is built natively in the SafePal App. With a few clicks and a signing process, users can stake crypto into some of the most popular mining pools from the integrated smart contracts, at this stage, SafePal supports PancakeSwap and ApeSwap. Here is a tutorial showing how to use SafePal Earn.
2. Carefully chosen DeFi protocols that save you time and energy
A DeFi protocol will go through thorough evaluation and in-depth development before being implemented into SafePal Earn. Different parameters are adopted to estimate whether a DeFi protocol fits with the SafePal Earn requirements, including security audit, APY, TVL, launch time, and more. This feature will aid users’ in their decision-making process by narrowing down the DeFi options to a handful of carefully reviewed options.
3. Maximize the yieldings from your crypto assets
SafePal Earn adopts an auto-compound strategy to increase your deposited token amount by compounding the yield farm reward tokens into the initially deposited asset. The higher the TVL in a pool, the higher the auto-compound frequency SafePal Earn will execute. This strategy saves gas fees and helps increase farming efficiency and maximize the APY from the deposited assets. Ultimately users will no longer need to manually compound their pools and incur the additional fees of manually compounding.
4. Create LP effortlessly without leaving the wallet interface
If a user wants to stake assets to a pool but doesn’t hold any LP token for that pool, the user through one click can jump to the LP Center DApp to create the LP tokens conveniently. For now, the LP Center supports LP token creations on BSC. More blockchains and protocols will be added next. Here is a tutorial about how to create LP tokens in the SafePal App.
5. SFP bonus incentive mechanism
For all the protocols implemented in SafePal Earn, SafePal places $SFP, its native utility token, at the core. Platform revenue is generated from a small percentage of all the pool profits. Part of the platform revenues will be exchanged into $SFP and distributed back to those who stake $SFP into SafePal Earn. If you are an SFP holder, you can earn a higher APY by staking SFP to the pool. The SFP stake limit of a pool equals 10% value of your staked LP/Tokens.
Download SafePal App to earn from your crypto holdings. You may learn how to use SafePal Earn from the following articles:
- How to stake crypto into SafePal Earn
- How to create LP tokens in the SafePal App
- How to claim your yield from SafePal Earn
- How to withdraw your crypto from SafePal Earn
- How to withdraw all your tokens from SafePal Earn
1. Is SafePal Earn audited?
2. How to view the contract of SafePal Earn?
The smart contract of SafePal Earn is fully open-source and can be viewed in every pool. To view the contract, click open a pool and scroll down, the contract can be found at the bottom. By clicking the contract, the blockchain explorer will be opened and display all the contract details for the pool.
Cryptocurrency investment and using smart contracts are subject to high market risk. Please invest and do your own research cautiously. SafePal will make the best efforts to select high-quality protocols for SafePal Earn, but will not be responsible for your investment losses. Appreciate your understanding.
Not Investment Advice
The SafePal Earn service offering does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the article’s content as such. SafePal does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
The appearance of a third party in SafePal Earn does not constitute an endorsement, guarantee, warranty, or recommendation by SafePal. Do conduct your own due diligence before deciding to invest in any third-party projects or use any third-party services.