ZAP Now Powered by Odos Protocol

🚀 ZAP's turbo boost

By Beefy
Oct 10, 2024, 2:03 PM
twitter

ZAP has integrated Odos Protocol, enhancing its service offerings:

  • Improved exchange rates: Users can now enjoy better value when trading.​
  • Faster transactions: Lightning-fast vault zaps in and out with just one click.​
  • Enhanced user experience: More options for liquidity providers and easier earnings.​

This upgrade builds on ZAP's previous partnership with Odos Protocol, which was announced in November 2023.​ The integration aims to streamline the process for users to add liquidity and earn high APR on the platform.​

Visit zkswap.​finance to explore these new features and start optimizing your yield today.​

Sources
Read more about Beefy

Beefy Buys Back 91 BIFI Tokens and Proposes Anti-Scam Measure

**Beefy Finance continues its operational momentum with several key developments:** - Completed week 3 of Aerodrome (Aero) migration, with additional phases planned - Executed buyback of 91 $BIFI tokens from protocol revenue - Introduced **[BIP:100] governance proposal** targeting scammer addresses **What This Means:** The buyback program reduces circulating supply while the anti-scam proposal demonstrates community-driven security measures. The ongoing Aero migration represents Beefy's expansion into new yield opportunities. Beefy maintains its focus on consistent vault deployment and protocol optimization across supported chains.

Beefy Simplifies Curvance Yields with One-Click Cross-Chain Zap Feature

Beefy Finance has integrated Curvance into its one-click Zap feature, removing cross-chain barriers for users seeking yields. **Key Features:** - Single-click solution handles bridging, swapping, liquidity provision, and staking - Eliminates manual steps across multiple platforms - Builds complete yield positions automatically The integration extends Beefy's Zap functionality, which previously added support for Curve Finance vaults in early 2024. Users can now access Curvance strategies without navigating complex DeFi workflows or managing cross-chain transactions themselves. The tool consolidates what typically requires multiple transactions and platform switches into one streamlined action.

🚀 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.

🚀 Buenos Aires Breakthrough

**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?*