BeQI: The Next Evolution

By Beefy
Mar 11, 2024, 5:03 PM
twitter
News article
Photo by Beefy

BeQI has evolved to version 2, now offering 220% APR.​ Users can mint beQI for maximum rewards and stake it to earn more QI.​ The new version aligns with aveQI mechanics and introduces vQI.​ Distribution of rewards will be based on the amount of beQI/vQI held in addresses, prioritizing Ethereum txn links for larger balances and providing USDC equivalent for smaller balances on Polygon Network.​

Sources
Read more about Beefy

Linea Ignition Program Launches with Multi-Partner Collaboration

Linea Ignition Program Launches with Multi-Partner Collaboration

**Linea Ignition has officially activated** with a strategic partnership between LineaBuild, Etherex, and Brevis ZK. The program aims to: - Boost **Total Value Locked (TVL)** across Linea DeFi protocols - Reward liquidity providers with competitive APYs - Strengthen the Linea ecosystem through native DEX integration **Etherex is already showing results** from the initiative, climbing in Linea rankings with increased user activity and TVL growth since the program's launch. The collaboration leverages Etherex as Linea's native decentralized exchange, while Brevis ZK provides zero-knowledge infrastructure support. Liquidity providers can now earn **$LINEA tokens** as rewards for participating in the ecosystem. This multi-partner approach represents a coordinated effort to enhance DeFi activity on the Linea network and create sustainable incentives for long-term liquidity provision.

Beefy Partners with Brevis for ZK-Powered Rewards on Linea

Beefy Partners with Brevis for ZK-Powered Rewards on Linea

**Beefy** has partnered with **Brevis** to integrate zero-knowledge proof technology into their Linea vaults, bringing transparent and trustless reward distribution to DeFi. **Key Features:** - **Trustless verification**: Every reward distribution is cryptographically verified on-chain - **ZK proofs**: Generated for all actions including deposits, trades, and fees - **Full transparency**: All rewards are accurate, trackable, and auditable - **Scalable technology**: Handles complex incentive structures efficiently The integration uses Brevis's **zkCoprocessor** to verify complex computations off-chain while maintaining on-chain proof verification. This addresses challenges in active liquidity management where tracking contributions and fair reward distribution can be complex. The partnership is part of the **Linea Ignition program**, leveraging Linea's fast and low-cost blockchain infrastructure for real-time ZK-powered rewards. **Access the vaults**: [beefy.com](http://beefy.com) **Learn about Brevis**: [brevis.network](http://brevis.network)

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.

Linea Vaults Drive Strong Yield Performance

Linea Vaults Drive Strong Yield Performance

**EtherexFi vaults on Linea** are delivering impressive yield returns, marking a shift from token speculation to **yield-focused strategies**. The performance highlights growing interest in **productive DeFi applications** on the Linea network, as users seek sustainable returns beyond token price movements. This trend reflects the broader market evolution toward **utility-driven protocols** that generate real yield for participants.

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