Beefy Launches Cowcentrated Liquidity Managers on Avalanche
Beefy Launches Cowcentrated Liquidity Managers on Avalanche
馃惍 Moo-ving liquidity management
Beefy has introduced new Cowcentrated Liquidity Managers (CLM) for PharaohExchange on Avalanche. These CLMs automate concentrated liquidity pool management for several token pairs, including WAVAX-USDC, WETHe-WAVAX, BTCb-WAVAX, and USDT-USDC.
Key features of the CLM include:
- Automated management of liquidity positions
- Yield optimization through regular fee harvesting
- Cost-efficient aggregation of user deposits
- Range management using an 'alt' position
- Safety measures to protect users during high volatility
- One-click deposits with any token via Zap
- Performance tracking dashboard
This launch aims to optimize returns and minimize user effort in managing concentrated liquidity positions.
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.