Beefy Community Update

This post was originally published here

Last week’s developments and what is coming

Hello fellow Moofians,
Not much time has passed since the last update, but the rate of innovation in Beefy is higher every day that passes, so we thought wrapping up some of the work we have been doing and some of what we’re planning for the future.

‌📊Beefy‌ ‌in‌ ‌numbers

💰 Total value locked and revenue keeps growing at an extremely healthy rate. TVL is hovering around 25M, which is a 25% increase in the last 10 days. Daily app rewards exploded in the last few days crossing above 100 $wBNB and stabilizing on the 80s.

🚀 The reward surge brought also a big increase in the BIFI Maxi APY, reaching almost 30%. Right now, $BIFI smashed through ATH and the price increase caused Maxi APY to decrease, but 17% still looks like a great deal for a 95% distributed hard cap supply token.

Total Rewards crossed the 2,000 $wBNB mark and total protocol revenue including treasury has surpassed $135k, all of it in less than 4 months. At current $BNB price we can proudly say Beefy has distributed +$100k to it’s stakers. Presently 90% of BIFI circulating supply is staked and earning yield.

🤖The Beefy Bazaar

As we mentioned last update, Beefy is taking huge steps towards becoming the biggest strategies marketplace in the whole crypto sphere.

🛠Community strategists have been on fire and deployed more than 15 vaults at the moment of writing, with close to $3 Million in aggregated TVL between them.

biswap

We hope this is a call for new strategists which may want to benefit from Beefy userbase and increase their capital inflows. We would be delighted to receive them in our Discord.

🐮Cowmmunity contributions

🐦Twitter DAO

DefiDebauchery made an outstanding job setting the bar impressively high for contributors. Thanks to him, now Beefy community can tweet directly from our Discord.

The bot works so anyone can form a message on a the Twitter DAO #tweet Discord channel. Then someone replies to that message with @mooBird tweet, and it creates a vote for Citadel folks to approve or reject the tweet. If it meets the required threshold, it will ship it off and give us the tweet link. We can even add images, links, hashtags, etc.

An admin can also set search keywords, and it will post new tweets matching that search in the #stream channel. We can even vote to retweet anything that comes in.

🐦@beefypulse

YR2150 has been one of the top contributors since we can remember. One of his last inputs was the twitter account @beefypulse. It is a News, stats & analytics for Beefy, which everyone interested in cool numbers, charts and design must follow.

body[data-twttr-rendered=”true”] {background-color: transparent;}.twitter-tweet {margin: auto !important;}

function notifyResize(height) {height = height ? height : document.documentElement.offsetHeight; var resized = false; if (window.donkey && donkey.resize) {donkey.resize(height);resized = true;}if (parent && parent._resizeIframe) {var obj = {iframe: window.frameElement, height: height}; parent._resizeIframe(obj); resized = true;}if (window.location && window.location.hash === “#amp=1” && window.parent && window.parent.postMessage) {window.parent.postMessage({sentinel: “amp”, type: “embed-size”, height: height}, “*”);}if (window.webkit && window.webkit.messageHandlers && window.webkit.messageHandlers.resize) {window.webkit.messageHandlers.resize.postMessage(height); resized = true;}return resized;}twttr.events.bind(‘rendered’, function (event) {notifyResize();}); twttr.events.bind(‘resize’, function (event) {notifyResize();});if (parent && parent._resizeIframe) {var maxWidth = parseInt(window.frameElement.getAttribute(“width”)); if ( 500 < maxWidth) {window.frameElement.setAttribute("width", "500");}}

🏫#beefylearn

YR2150 also kickstarted a community learning program with hashtag #beefylearn where anyone can tag us and ask any questions they have. #beefylearn also has some infographics posted regularly on discord. Educational content videos are also coming up very soon.

️What’s next

Quick overview of some things that will be coming to Beefy in the next few days and weeks:

Ultimate CAKE and DRUGS

Ultimate vaults should be launching in around 1 week. The key innovation is the load balancer distributing the load and collecting all the ‘want’ asset in a same place.

In other words, the strategy will be able to distribute the vault assets and farm many pools in parallel to achieve the highest APY possible.

Multi-Chain

The talks have been heating up on the Cross-Chain land. The Beefy community began going through new chains to assess which ones are the most viable. Superbeefy got ahead to gain some time and started doing a migration test for HECO.

Promotional platform

We have been working closely alongside other BSC projects to release a new platform inside beefy.finance in which tokens could be staked by users on in return for tokens of specific projects. The projects might be “IFOs”, or simply looking for a promotional push by having a vault on Beefy for a certain period of time. We’ll reveal more info about this as soon as possible.

🐄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/pJghdDNA26

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.

Leave a Comment