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¸
Beefy Launches @capmoney_ with $350M TVL Milestone
**Beefy officially launched @capmoney_** while reaching a significant milestone of **$350M in total value locked (TVL)** across their platform. The yield optimizer now offers **1,100+ products** for users to choose from, providing extensive options for crypto earning strategies. **Key developments:** - Launch of @capmoney_ feature - $350M TVL achievement - 10 new yield strategies added - Over 1,100 products available This represents continued growth for the platform, which has been steadily expanding its offerings and TVL over recent months.
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 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.*
Yield Updates: SOLO, rETH, and wstETH APY Rates
Several notable yield opportunities have emerged in the DeFi space: - **SOLO** offering significant 550% APY - **rETH** providing 9% APY - **wstETH** yielding 6% APY These rates represent current opportunities for liquid staking derivatives and yield farming. As with all DeFi yields, rates are variable and subject to market conditions. *Compare these with previous opportunities like rsETH-WETH which offered 10% APY + points on Beefy Finance.*