Beefy Community Update

This post was originally published on Beefy Finance

Achieved milestones and brief comments on what lays ahead

Welcome to the first Beefy Community Update of 2021! The last couple of weeks have been extremely successful for the protocol, achieving +20M TVL in the app and taking big steps towards making beefy unstoppable.

‌📊Beefy‌ ‌in‌ ‌numbers‌ ‌

Just a month ago, our vaults TVL was under 4 Million and daily rewards around $500. Total value locked and revenue has been skyrocketing since then with around +500% monthly growth on TVL and +300% daily rewards.

With a total of 1661 wBNB in rewards, Beefy has provided more than $70.000 in revenue to it’s holders and stakers based on current wBNB price.

With more than 100 vaults we became the Yield Optimizer with more vaults than any other in any blockchain. This growth has lead us to achieve the top 3 BSC rank by TVL in defistation.

🤖The Beefy Bazaar

As we’ve said before, Beefy is aiming to have a more decentralized approach to yield farming than the ones currently available in the market. With multiple strategies for multiple risk profiles.

biswap

We don’t believe that the Cathedral model, where code is developed by an exclusive group of software developers is the best approach to this . So our code is developed over the Internet in view of the public and open to public contributions.

“The more widely available the source code is for public testing, scrutiny, and experimentation, the more rapidly all forms of bugs will be discovered.”

This is Beefy’s approach to fast iteration, innovation and to make an open and unstoppable financial protocol.

🛠Community strategist and developers have been on fire lately. There have been more than 10 pull requests made by them in the last 2 days in the app and api.

This is a huge step towards the strategies marketplace we aim to become in the near future.

🐮Cowmmunity contributions

The community has been growing strong. We’ve reached +18k twitter followers, more than 2.5k Telegram members, and 1160 Discord members at the time of writing.

LighthouseNft made an awesome promo video which has more than 5.5k views already, it’s pinned in the official twitter account.

Telegram support has been outstanding. Telegram mods deserve a really special shout-out for the excellent job being done on the trenches, giving huge support 24/7.

Looking Forward

2020 was just the beginning for Beefy finance. The growth has exceeded almost everyone’s expectations up to this date, and the community which will drive the protocol forward is just getting stronger by the day.

Seeing this kind of organic growth and the amount of high value contributors so committed is spectacular.

🐄There‌ ‌is‌ ‌much‌ ‌more‌ ‌stuff‌ ‌going‌ ‌on‌ ‌behind‌ ‌the‌ ‌scenes‌ ‌mainly‌ ‌in‌ ‌our‌ ‌discord.‌ ‌We‌ ‌are‌ ‌hoping‌ ‌to‌ ‌grow‌ ‌a‌ ‌thriving‌ ‌community‌ ‌to‌ ‌help‌ ‌build‌ ‌and‌ ‌govern‌ ‌the‌ ‌project.‌ ‌Come‌ ‌say‌ ‌hi!‌ ‌

Twitter: https://twitter.com/beefyfinance

Discord: https://discord.gg/PZGeS2E

Website: https://beefy.finance/

Github: https://github.com/beefyfinance

Telegram: https://t.me/beefyfinance

News Telegram Channel: https://t.me/bifinews

Spanish Telegram: https://t.me/bifi_espanol


Beefy Community Update was originally published in beefyfinance on Medium, where people are continuing the conversation by highlighting and responding to this story.

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