Frax Finance Announces High-Yield Opportunities

Two new crypto tools have emerged in the DeFi space: - **$FAIR** - A VC agent designed to identify promising projects in their early stages - **BEEFY** - A yield optimizer (YO) that discovers and maximizes yield opportunities Both tools aim to help users find alpha opportunities in the crypto market. $FAIR focuses on early-stage project discovery, while BEEFY specializes in optimizing yield farming strategies. These launches follow $beef coin's fair launch earlier this month.

Beefy has deployed new PrismFi concentrated liquidity managers on the MegaETH network, offering two vault options: - **WETH-USDm pair**: 40% APY available at [app.beefy.com/vault/prism-cow-megaeth-weth-usdm-rp](https://app.beefy.com/vault/prism-cow-megaeth-weth-usdm-rp) - **WETH-BTCb pair**: 24% APY available at [app.beefy.com/vault/prism-cow-megaeth-weth-btcb-rp](https://app.beefy.com/vault/prism-cow-megaeth-weth-btcb-rp) These "cowcentrated" liquidity vaults automate position management for users seeking yield on their crypto assets through the Beefy platform.

**Beefy November Performance:** - **$1.73M yield distributed** at 9% average APY - **24 new strategies** deployed across chains - **23,800 harvests** processed automatically - **382 BIFI tokens** bought back **Major Milestone:** Beefy is now **live on Monad** - expanding DeFi yield opportunities to this high-performance blockchain. The platform continues automating yield farming, turning manual processes into passive income streams for users across multiple networks.

**Nexus Mutual quickly processed nearly $100k in claims** following the Stream Finance exploit, protecting users across multiple protocols. **Key highlights:** - Claims paid out in **under a week** to affected Beefy, Euler, and Harvest Finance users - Coverage extended across Base, Arbitrum, Avalanche, and Sonic networks - Users were protected despite **not directly using Stream Finance** **The contagion effect:** Many users couldn't withdraw funds due to liquidity issues where xUSD was used as collateral, demonstrating how DeFi protocols' interconnected nature creates cascading risks. **Partners like OpenCover** facilitated the rapid payout process, showcasing how **multi-protocol coverage** can provide a safety net against second-order effects in DeFi. This incident highlights both the **real risks of protocol interdependence** and the **effectiveness of DeFi insurance** when properly implemented.

**Ethereum's biggest gathering ever** hit Buenos Aires with 14,500 attendees at Devconnect's first Ethereum Worlds Fair. **Major announcements dropped:** - Vitalik unveiled **Kohaku privacy wallets** - Pushed for **100x L1 gas limit increase** - **Bhutan launched national digital ID** on Ethereum - New **Ethereum Interoperability Layer (EIL)** unified all L2s **Real-world demos showcased:** - Tokenized S&P 500 shares - Biometric payments - Stablecoin remittances for everyday use From Aave Horizon to Centrifuge RWAs and Chainlink ACE, the week proved **Ethereum is evolving beyond crypto** into the global settlement layer for money, identity, and governance. Beefy shared how their yield architecture is adapting for the next wave of interoperability. *The question remains: Will ETH price catch up before quantum computing threatens elliptic curve cryptography?*