Beefy Weekly Highlights #129

By Beefy
Jan 16, 2024, 9:38 AM
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In the latest Beefy Weekly Highlights, Beefy runs more Ethereum validators, Connext Network will integrate BIFI and mooBIFI, there are 515 vaults and $172M TVL, and 21 new vaults and 3 active boosts have been added.​

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ChainPatrol Renewal Vote Opens at Beefy

ChainPatrol Renewal Vote Opens at Beefy

Beefy Finance announces key updates in their 214th weekly highlight: - **Community Vote**: ChainPatrol security service renewal up for community decision - **New Content**: BeefyPod Episode 16 released - **Upcoming Events**: - EthCC conference participation in France - New York BBQ meetup planned *Previous week highlights included rETH boost implementation and 12 new yield strategies.* Join the ChainPatrol vote to help shape Beefy's security infrastructure.

Beefy DAO Votes on New Profit Distribution Model

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

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

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.*

Multiple Assets Get Boosted on Yield Protocol

Multiple Assets Get Boosted on Yield Protocol

Yield Protocol continues to expand its boost offerings: - $msOP, $wstETH, $wUSDM, $wrsETH, and $weETH receive boosts - These assets are now 'ignited' on the platform - Boost feature aims to increase yields for users This update reinforces Yield Protocol's commitment to maximizing returns for its users across various assets. The addition of new boosts provides more opportunities for yield optimization. **Key Takeaway**: Users holding these assets may want to check their potential boosted yields on Yield Protocol.