Building for the Builders: Beefy on Linea
Building for the Builders: Beefy on Linea
Beefy has announced its launch on Linea, a blockchain platform built for communities of builders. Linea uses zero-knowledge technology to offer a performant onchain experience on Ethereum, providing faster finality than other scaling technologies. Linea has engaged with a wide ecosystem of projects, launched its own testnet, and plans to make its rollup technology available as open-source. Beefy aims to contribute to the growth of Linea's DeFi ecosystem and bring autocompounding to its community.
Building for the Builders: Beefy on Linea If there’s one thing in Web 3.0 that’s sorely underestimated, it’s the value of community. Our goal of serving billions of users is going to require thousands of communities supporting millions of builders. Chains and projects will come
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.