New Beefy Curve vault diversification option: $crvUSD - $sDAI

By Beefy
Jan 16, 2024, 9:38 AM
twitter
News article
Photo by Beefy

A new vault diversification option is available on Beefy: $crvUSD - $sDAI with an APY of 21.​7%.​ This option is provided by MakerDao.​

Sources
Read more about Beefy

Automated Liquidity Management Offers Up to 34% APY on Ethereum Pairs

Automated Liquidity Management Offers Up to 34% APY on Ethereum Pairs

Cowcentrated liquidity managers now available on Ethereum, offering automated position management for liquidity providers. **Key Features:** - Automated concentrated liquidity positioning - Tighter price ranges for improved capital efficiency - Daily compounding of trading fees **Current Yields:** - AAVE-WETH: 18.7% APY - UNI-WETH: 34.3% APY - LINK-WETH: 2% APY The service removes manual rebalancing requirements while maintaining exposure to trading fee revenue through automated range optimization.

Beefy Launches Auto-Compounding Vaults on Robinhood Chain

**Beefy has launched on Robinhood Chain**, bringing automated yield optimization to Robinhood Crypto users. **Key features:** - Single deposit setup with 24/7 automatic compounding - Hands-free yield generation - Withdraw funds at any time The platform handles the technical work of reinvesting returns, allowing users to maximize yields without manual intervention. This marks Beefy's expansion into Robinhood's blockchain ecosystem.

Beefy Launches Automated Concentrated Liquidity Managers on Ethereum Mainnet

Beefy has launched its Concentrated Liquidity Managers (CLMs) on Ethereum mainnet after two years of testing. The product automates concentrated liquidity management for DeFi users. **Key Features:** - Automated position management with tighter ranges - Daily compounding of trading fees - Zero manual effort required **Available Uniswap Pairs:** - WBTC/USDC - WBTC/WETH - WETH/USDT - USDC/WETH The CLMs aim to deliver higher yields by automatically rebalancing positions and compounding fees, removing the need for users to manually manage their liquidity positions. Learn more at [Beefy.com](http://Beefy.com)

🚀 Monad Launch

🚀 Monad Launch

**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.

🛡️ DeFi Insurance Works

🛡️ DeFi Insurance Works

**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.