Frax V3 aims for stability and yield with new features
Frax V3 aims for stability and yield with new features
Frax Finance's V3 update introduces enhancements to its stablecoin protocol, including Algorithmic Market Operations (AMO) and subprotocols like Fraxlend and Fraxswap. The stablecoin FRAX aims for 100% collateralization and uses Chainlink oracles to maintain its peg to the USD. The introduction of sFRAX as a staking vault allows for adaptation to different market conditions. Balancer has launched a 4pool LP for sFRAX, attracting attention and generating liquidity. Beefy offers a sFRAX - 4pool Vault that automatically compounds rewards, providing high returns for stablecoin holders.
Best of Both: Stability & Yield with Frax V3 What is Frax? @FraxFinance's V3 update represents a significant evolution in its stablecoin protocol, aiming to create a more robust and adaptable financial instrument in the DeFi space. In this version, the stablecoin $FRAX maintains
Beefy DAO Votes on $2.9K USDC Distribution for April 2025
Beefy Finance's DAO is conducting a vote for Epoch 9 profit distribution. The proposal aims to allocate **2,942.08 USDC** for user incentives in April 2025. This follows previous successful distributions, including Epoch 7 earlier this year. Community members can cast their votes through Snapshot. - Proposal ID: BPD:09 - Amount: 2,942.08 USDC - Timeline: April 2025 - Voting Platform: [Snapshot](https://snapshot.box/#/s:profit.beefy.eth/proposal/0xaccb10b4c3a7fc6144ad1b69f5f16e8ee067944eb93f15dddeb83c667931c5c8) *DAO members should review and vote before the deadline.*
Beefy Launches Escrowed Sonic Token and RWA Support
Key updates from Beefy's latest weekly report: - Launched **Beefy Escrowed Sonic ($beS)** token - Added **Real World Asset (RWA)** support to platform - Extended BIFI-USDT liquidity mining incentives - Deployed 17 new yield strategies This follows recent developments including CEX liquidity incentives and tBTC boost from previous week. The platform continues expanding its yield optimization offerings across multiple chains.
Blue Origin's Crypto Connection Revealed
A fascinating connection has emerged linking Amazon founder Jeff Bezos to the crypto space through a series of naming patterns: - beS-oS evolves to beSoS, which connects to Bezos - Further links to Origin and Blue Origin established - Follows earlier developments connecting various paths to Ethereum - Orbiter Finance's potential rebranding discussions surface This pattern recognition suggests increasing convergence between traditional tech giants and blockchain space. The timing aligns with broader Web3 adoption trends among mainstream tech companies. *Note: These connections are observational and do not confirm direct involvement.*
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.*