Beefy Deploys on Mantle Network for Yield Optimization
Beefy Deploys on Mantle Network for Yield Optimization
Beefy announces its deployment on Mantle Network as its 25th blockchain, bringing yield optimization strategies to the Ethereum rollup ecosystem. Mantle introduces modular rollup technology and decentralized access to proof construction data. The ecosystem is token-governed, with the $MNT token serving multiple functions. Beefy also announces its first few vaults with Lendle, the leading lending market on Mantle.
Upper Crust Farmers - Yield Optimization for Mantle Network It’s a New Year; time for a New Start. Refreshed from the change of the holiday season, we love arriving in January with a refined mission and a renewed sense of purpose. It’s the best time of the year to push forward
Beefy's deployment on Mantle starts with a bang! 💥 Lendle is the biggest lending platform on Mantle, powered by the $LEND token, which you can earn in this boost. Pre-stake now! Extra rewards will last for 4 weeks. 👉 app.beefy.com/vault/lendle-m… @Lendlexyz @0xMantle
Crypto Market Loses $300B as Bitcoin Drops 10%
A significant market downturn has impacted the cryptocurrency sector: - $300 billion in total market value erased - Bitcoin experienced a nearly 10% decline - U.S. employment data showed weak growth with only 73,000 new jobs - Coinbase reported disappointing quarterly earnings Additional developments include ongoing Ripple litigation and the SEC's Project Crypto initiative. For more details: [Listen to The Beefy Pod](https://youtu.be/oyu9MowkijU?si=I1f97o2gGWbWOJGU)
High APY Yields for $MAGIC LPs in Smolworld
Liquidity providers for $MAGIC pairs are seeing unprecedented yield opportunities following the announcement of Smolworld's Tamagotchi AI integration. - Current APY rates reaching up to 35,000% - Similar high yields observed in stablecoin pairs - $MIM-$USDC: 35% APY - $MIM-$USDT: 30% APY via MIMSwap *Note: High APYs often indicate higher risk and volatility. Due diligence recommended.* Want to learn more about yield opportunities? Visit [MIMSwap](https://mimswap.com)
Beefy Opens beGEMS1 Token Redemptions
Beefy Finance marks several key developments this week: - beGEMS1 token redemptions are now available for users - Ethereum celebrates another year of network operation - Third round of $BIFI trading campaign launches - Platform adds 10 new yield optimization strategies *Previous week highlights:* - Sonic Labs provided 500k $S boost to $beS - Beefy participated in ETHCC - 9 yield strategies were implemented [Learn more about Beefy's yield strategies](https://beefy.finance)
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.