Beefy

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.

Beefy expresses gratitude to partners and users for their support in shaping the DeFi landscape and making it more accessible. They appreciate the trust and collaboration in building innovative solutions and nurturing meaningful relationships. Beefy also thanks users for their continued support and feedback, acknowledging the importance of DeFi in their future and their efforts to improve user experience. They wish everyone a successful year in DeFi.

As we bid farewell to 2023, we reflect on the events and accomplishments of the past year in anticipation of the #BullYear ahead.

In Q4 2023, Beefy introduced 158 new vaults and 18 boosts to provide diverse earning opportunities. They expanded to new blockchains, participated in engagements and collaborations, and distributed the new $BIFI token. The launch of #ZAPV3 demonstrates their commitment to user-centric solutions.