Beefy Community Earning Opportunities

By Beefy
Jan 16, 2024, 9:38 AM
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The Beefy community offers multiple ways to earn, including mooBIFI interest from protocol revenue, compounded AMM rewards in mooBIFI-WETH, and extra OP rewards for 4 weeks.​ Pre-stake is now open.​

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Beefy Launches Automated Concentrated Liquidity Managers on Ethereum Mainnet

Beefy has launched its Concentrated Liquidity Managers (CLMs) on Ethereum mainnet after two years of testing. The product automates concentrated liquidity management for DeFi users. **Key Features:** - Automated position management with tighter ranges - Daily compounding of trading fees - Zero manual effort required **Available Pools:** - WBTC/USDC - WBTC/WETH - WETH/USDT - USDC/WETH The CLMs aim to maximize yields by automatically rebalancing positions and compounding fees, addressing the complexity of managing concentrated liquidity positions manually. Previous deployments on other networks showed APYs ranging from 7% to 50% across different pairs. Learn more at [Beefy.com](http://Beefy.com)

🚀 Monad Launch

🚀 Monad Launch

**Beefy November Performance:** - **$1.73M yield distributed** at 9% average APY - **24 new strategies** deployed across chains - **23,800 harvests** processed automatically - **382 BIFI tokens** bought back **Major Milestone:** Beefy is now **live on Monad** - expanding DeFi yield opportunities to this high-performance blockchain. The platform continues automating yield farming, turning manual processes into passive income streams for users across multiple networks.

🛡️ DeFi Insurance Works

🛡️ DeFi Insurance Works

**Nexus Mutual quickly processed nearly $100k in claims** following the Stream Finance exploit, protecting users across multiple protocols. **Key highlights:** - Claims paid out in **under a week** to affected Beefy, Euler, and Harvest Finance users - Coverage extended across Base, Arbitrum, Avalanche, and Sonic networks - Users were protected despite **not directly using Stream Finance** **The contagion effect:** Many users couldn't withdraw funds due to liquidity issues where xUSD was used as collateral, demonstrating how DeFi protocols' interconnected nature creates cascading risks. **Partners like OpenCover** facilitated the rapid payout process, showcasing how **multi-protocol coverage** can provide a safety net against second-order effects in DeFi. This incident highlights both the **real risks of protocol interdependence** and the **effectiveness of DeFi insurance** when properly implemented.

🚀 Buenos Aires Breakthrough

**Ethereum's biggest gathering ever** hit Buenos Aires with 14,500 attendees at Devconnect's first Ethereum Worlds Fair. **Major announcements dropped:** - Vitalik unveiled **Kohaku privacy wallets** - Pushed for **100x L1 gas limit increase** - **Bhutan launched national digital ID** on Ethereum - New **Ethereum Interoperability Layer (EIL)** unified all L2s **Real-world demos showcased:** - Tokenized S&P 500 shares - Biometric payments - Stablecoin remittances for everyday use From Aave Horizon to Centrifuge RWAs and Chainlink ACE, the week proved **Ethereum is evolving beyond crypto** into the global settlement layer for money, identity, and governance. Beefy shared how their yield architecture is adapting for the next wave of interoperability. *The question remains: Will ETH price catch up before quantum computing threatens elliptic curve cryptography?*

🏦 $140T Fixed-Income Market

🏦 $140T Fixed-Income Market

**Pendle is targeting the massive $140 trillion fixed-income market** by bringing traditional yield infrastructure on-chain. - Market projected to reach $200 trillion by 2030 - Aims to democratize fixed income beyond institutional access - Beefy now offers 24 Pendle single-asset vaults - **Up to 23% APY with autocompounding** The integration represents a shift from crypto-only yield to broader financial market access. Pendle has already settled $69.8 billion in yield transactions. [Read full article](https://markets.businessinsider.com/news/currencies/pendle-settles-69-8-billion-in-yield-bridging-the-140t-fixed-income-market-to-crypto-1035405834) *Explore yield opportunities through simplified vault access.*