Beefy

This week's Beefy highlights include the addition of a new chain, @0xMantle, and the boost of @lendlexyz. There is also the opportunity to earn $ARB through Compounding Curve. The community is also voting on the 2024 Convention Budget. In addition, 11 new vaults have been added. Finally, there are $2800 worth of bribes available.

The long-awaited $ARB incentives have finally arrived on @CurveFinance pools and are now autocompounding on Beefy.

Beefy announces its deployment on Mantle Network as its 25th blockchain, bringing yield optimization strategies to the Ethereum rollup ecosystem. Mantle introduces modular rollup technology and decentralized access to proof construction data. The ecosystem is token-governed, with the $MNT token serving multiple functions. Beefy also announces its first few vaults with Lendle, the leading lending market on Mantle.

Beefy has begun its deployment on Mantle with a big launch. Lendle, the leading lending platform on Mantle, is now powered by the $LEND token. Users can earn extra rewards by pre-staking now, and the rewards will last for 4 weeks.

The Beefy community has requested Daos to enhance their protocols' security standards. They expressed their desire to focus on other aspects rather than continuously fixing issues.

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.

Beefy has launched a new feature called @lendlexyz vaults, offering an effortless, secure, and optimized yield farming experience in DeFi. The vaults are designed to autocompound tokens to maximize earnings and minimize fees.

According to the latest data, the majority of vault deposits last week were made up of ETH and stablecoins.

Due to the Gamma situation, all related vaults have been temporarily paused. For more information, users are advised to contact @GammaStrategies on Discord or Twitter.

EquilibriaFi and Arbitrum are offering a 32% APY on $USDC stablecoins.