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 Takes GMX Distribution Plan Snapshot

Beefy Takes GMX Distribution Plan Snapshot

**Beefy Finance** completed a snapshot for its **GMX Distribution Plan**, marking a key milestone in profit sharing. The yield optimizer also highlighted: - **11 new yield strategies** now available - Enhanced **stablecoin yields** through Cap Money integration - Continued focus on maximizing crypto earnings for users This snapshot follows Beefy's ongoing efforts to distribute profits to token holders and expand yield opportunities across DeFi protocols.

GMX Compensation Distribution Begins for July Exploit Victims

Beefy announces the **distribution process** for users affected by the GMX exploit in July 2025. **Key Details:** - Snapshot taken at block 355880236 for gmx-arb-glp Vault depositors - GLV tokens will be distributed proportionally to holders with >1 GLP - **No action required** for individual wallet holders - Distribution scheduled for **week of September 8th** **Process:** - Beefy Treasury will claim tokens and airdrop to affected users - Wallet list available via [IPFS link](https://bafkreicuzxluegwkqqifpbji7ptottx4b56pfo54kcejjjh4vg4q3niwpe.ipfs.w3s.link/) - Users exposed through other platforms should contact those platforms directly **Action Items:** - Review your allocation this week - Contact Beefy Tech Support if allocation appears incorrect - Wallet diversions possible with verification This follows the July security vulnerability that secured $42M in user funds, with $5M paid as a bounty to the white hat hacker.

Sonic Labs Launches beS Earnings Program with 12-Week LSK Boost

Sonic Labs Launches beS Earnings Program with 12-Week LSK Boost

**Key Updates from Beefy's Weekly Report:** - Sonic introduces new earning opportunities with $beS token - LSK boost program launches with 12-week duration - SoliDex kicks off Quest Week 1 - 12 new yield strategies added to platform *Platform Growth Trends:* - Previous week showed $300M+ TVL - Over 1100 products now available - Consistent strategy expansion (9-17 new weekly) **Recent Developments:** - Sonic Labs boosted $beS with 500k $S allocation - BIFI trading campaign returns - Platform represented at ETHCC

Beefy DAO Votes on New Profit Distribution Model

Beefy DAO Votes on New Profit Distribution Model

Beefy Finance has initiated a crucial governance vote on profit distribution mechanisms. The protocol also expanded its yield offerings with 23 new strategies. Key updates: - Community voting on profit distribution model - Integration of beS (Beefy Escrowed Sonic) rewards system - Users can now earn both yield and points through beS - 23 new yield strategies deployed across networks This follows recent developments including RWA integration and BIFI-USDT liquidity mining campaign extensions from previous weeks. **Action Required**: Community members should participate in the governance vote to help shape Beefy's financial future.

40% APY USDC Vault Launches on Silo/Sonic

40% APY USDC Vault Launches on Silo/Sonic

**Key Updates from Beefy Finance:** - New USDC vault offering 40% APY through Silo/Sonic partnership - mooBIFI expansion continues with strong performance - Convention participation budget approved for 2025 - @ShadowOnSonic joins Beefy team - eUSD/USDC pair leads deposit volume - 11 new yield strategies added to platform *Notable developments include high-yield USDC opportunities and strategic team growth. Platform continues focus on sustainable yield optimization across multiple chains.*