Protocol/Project Name:
Beefy
Protocol Overview:
Beefy is the trusted yield optimizer that helps users safely and securely auto compound yields on their crypto. Beefy’s cutting-edge web app delivers hundreds of DeFi earning strategies from dozens of chains in a single, easy-to-use service. Beefy handles the hard work of liquidity automation for you, saving you time, gas, and delivering superior yields by aggregating volume with other users.
In addition to auto compounding, Beefy offers Cowcentrated Liquidity Management (CLM), which allows users to optimize their liquidity positions. CLM automates liquidity management, helping users achieve better returns by reducing fees and gas costs while efficiently deploying capital. By simplifying liquidity strategies, Beefy ensures users can enjoy superior yield opportunities without the complexities of manual management.
MS Receiver Address:
We’re in the process to change the receiver address, will update today
Mode: 0x2cf13cEd9960Fd3a081108f283b7725Fe8d48C9e
Optimism: 0x2cf13cEd9960Fd3a081108f283b7725Fe8d48C9e
Distribution Confirmation:
We confirm that 100% of incentives will be distributed to protocol users
We would implement our reward pool system that integrates with any existing Beefy product to further incentivize users. Our reward pools are free of any type of fee, ensuring that 100% of the incentives are distributed directly to protocol participants.
Beefy will provide the necessary tracking and transparency as requested by the Mode team.
For any OP rewards targeting MODE pools, we will continue using Merkle for distribution.
Incentive Impact Statement:
Token incentives will unlock greater rewards for users who provide liquidity to underlying protocols, creating a win-win by both enhancing liquidity and expanding Beefy’s ability to build high-APR strategies across various pools. This means more options for users to maximize their earnings while contributing to a more complete DeFi ecosystem.
With enhanced incentives, Beefy’s CLM pools will drive even more value, directly increasing the TVL in v3 pools across integrated protocols like Velodrome and future partnerships.
These incentives will not only benefit individual users but also strengthen liquidity across the entire ecosystem.
Eligibility Criteria:
Additional Information:
Beefy is actively expanding its vault offerings and CLM strategies by integrating with leading protocols like Balancer, Kim Exchange, among others.
With these protocols applying for incentives, it presents a perfect opportunity for Beefy to build innovative products on top of their pools, unlocking even greater yield potential for users.
Partnerships:
As mentioned earlier, we’re looking to build stronger connections within the Mode ecosystem. We’ve already got a solid relationship with Velodrome, with six products live on our platform, and we’ve worked with Balancer on other chains. Given these collaborations, we’re confident we can smoothly integrate them into Mode Chain, along with other partners.
Community Engagement:
Beefy has a large and active community, and we’re committed to promoting the Mode network on Twitter, continue participating in AMAs, Spaces, and meetings with the Mode team. We’ll continue our marketing efforts to highlight new opportunities as they arise, ensuring our users can maximize their rewards on the network.
Contact Information:
Telegram: @GPMS1
Email: Gpms@beefy.com
Discord: .gpms