Beefy DeFi Hub Reports Growth in CLMs and Vaults
Beefy DeFi Hub Reports Growth in CLMs and Vaults
đŽ 462 ways to moo-ve up
Beefy's Weekly Highlights #175 showcases significant growth in their DeFi offerings:n n- 462 Concentrated Liquidity Management (CLM) options available, with over $50M in Assets Under Management (AUM)n n- 663 vaults in operation, managing over $230M AUMn n- Announcement of attendance at #DeFiWorld2024n n- Introduction of 2 new yield strategiesn nThis update demonstrates Beefy's continued expansion in the DeFi space, offering users a wide range of yield optimization options. The growth in CLMs and vaults indicates increasing user adoption and trust in Beefy's platform.n nInterested in maximizing your crypto yields? Explore Beefy's diverse range of strategies and start earning more today.
Beefy Weekly Highlights #175 ⢠462 CLMs to choose from, over $50M AUM đ ⢠663 vaults, over $230M AUM đĄď¸ ⢠We will be at #DeFiWorld2024 đ ⢠2 new yield strategies! đ ď¸
Sonic Labs Invests 500k $S in Beefy Protocol
Sonic Labs has made a strategic investment of 500,000 $S tokens into the Beefy protocol, providing significant support for the $beS token. This investment marks a notable development in the collaboration between the two protocols. The partnership aims to enhance Beefy's yield optimization capabilities while strengthening Sonic's ecosystem presence. Learn more about the investment and its implications for both protocols at [Beefy Finance](https://beefy.finance).
Hybra Finance Launches CLMs on HyperliquidX
Hybra Finance has introduced Concentrated Liquidity Markets (CLMs) on the HyperliquidX platform, establishing itself as a public liquidity layer. This development offers traders an alternative to traditional XRP bot trading activities. Key points: - Built on HyperliquidX infrastructure - Focuses on concentrated liquidity provision - Aims to improve trading efficiency This follows recent updates in the CLM ecosystem, including the Surge protocol's integration of LXP-L points for enhanced liquidity on LineaBuild.
Soniclabs Boosts beS with 500k S Token Investment
Key updates from Beefy's weekly report: - @soniclabs made a significant 500,000 S token investment into beS - BIFI trading campaign has been reactivated - Beefy announces participation in upcoming ETHCC conference - Platform adds 9 new yield optimization strategies This follows Q2's launch of Beefy Escrowed Sonic (beS) and expansion into RWA markets. The platform continues to focus on yield strategy development and community engagement.
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
**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.*