Beefy Finance Makes 90% of Strategies Zappable, Airdrops 10,000 OP

🎯 Zap Your Way to Yields

By Beefy
Nov 21, 2024, 7:04 PM
twitter
News article
Photo by Beefy

Beefy Finance has expanded its Zap functionality to cover 90% of all yield strategies, marking a significant improvement in user experience.​ Users of the Zap feature received a 10,000 OP token airdrop as part of this rollout.​

Key updates this week:

  • 23 new yield strategies added
  • Presentation at Proof Summit on Intelligent DeFi Use Cases
  • Major expansion of Zap integration across platform

Technical Achievement: The Zap feature allows users to enter yield strategies directly from a single token, simplifying the DeFi experience significantly.​

Sources
Read more about Beefy

📉 Market Bleeds Red

📉 Market Bleeds Red

**Market downturn hits crypto hard** with Bitcoin dropping below $81K, but DeFi protocols maintain momentum. **Beefy stays resilient** despite market conditions: - Delivered $394K in yield at 9.2% average APY - Team participated in Multichain Day panel during Devconnect - Users now eligible for AethonSwap airdrop on Monad - Achieved WalletConnect certification While traditional markets struggled, **DeFi infrastructure continued building** and delivering consistent returns to users.

🚀 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.*

Beefy Maxis Strategy Purchases 3,163 BIFI Tokens Worth $1.07M

Beefy Maxis Strategy Purchases 3,163 BIFI Tokens Worth $1.07M

**Beefy's automated treasury strategy** made significant moves in 2024, acquiring 3,163 BIFI tokens valued at $1.07 million. The yield optimizer platform expanded its offerings with: - **11 new yield strategies** for users - **5 additional boosts** to enhance returns - New **Linea CLM strategies** for concentrated liquidity management This treasury purchase demonstrates Beefy's commitment to its native token while the platform continues growing its DeFi yield optimization services.

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