Compounding For The Community: Beefy on Gnosis Chain
Compounding For The Community: Beefy on Gnosis Chain
Beefy has announced its cross-chain expansion onto Gnosis Chain, a community-driven chain known for its innovative projects. Gnosis Chain, an EVM-compatible proof-of-stake chain, offers opportunities for high-yield farming with assets such as Ether, GNO, AURA, and BAL. Beefy is bringing its autocompounding vaults to Balancer pools on Gnosis Chain through a partnership with AuraFinance. This move aims to contribute to the development of a large-scale and diverse community that can effectively solve coordination challenges in Web 3.0.
Compounding For The Community: Beefy on Gnosis Chain The real promise of Web 3.0 is not in the reinvention of money. It's in the solving of human coordination. From humanity’s earliest clans and tribes, through our countless hierarchies of military and religious organizations,
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 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
**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
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
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.