Beefy | Announcements
SUUUUURGE!
Crack open a can of Beefy Yield and deposit into any #Linea vault to start amping those LXP-L Points!
#TheSurge dishes out LXP-L tokens for playing around with DeFi protocols on Linea.
How to feel THESURGE:
1. Active Wallet: https://referrals.linea.build/?refCode=zbEOSL1tcb
2. Use Linea Vaults on Beefy
3. Check the Points Dashboard: https://www.openblocklabs.com/app/linea/dashboard
To the Beefy DAO,
The 2024 Q1 quarterly report https://beefy.com/articles/2024-q1-report/ is ready. We're back with another year of analysis and transparency. 2024 is off to a great start:
* Beefy generated an enormous $927k in revenue across all categories, up 124.6% from Q4 2023 ("QoQ");
* That reflects $830k of vault fees and $97k in other forms of revenue;
* For the DAO's treasury, that means total inflows of $579k, of which $482k is derived from Beefy vaults (+112.6% QoQ);
* For tokenholders, that translates to $268,836 returned in the form of governance pool incentives (+137.4% QoQ);
* Total costs for the quarter increased to $715k, reflecting $139k of grant spending and $76k of frontloaded marketing and conference costs;
* The DAO has returned again to profitability, making $3,419 in adjusted net income after all the cost increases and frontloaded spending;
* Total net assets attributable to the DAO reached an enormous $7.5 million, up 21.1% in Q1 alone; and
Thank you for supporting Beefy 🐮
We're live chatting Herosphere
Join us!
https://twitter.com/beefyfinance/status/1794045007013302371?t=g-VZGoUlVZmvzKw5MJtoIA&s=19
New Bundled Protocol Cover Listing
Beefy's Cowcentrated Liquidity (CLM) is now Beefy CLM now listed in the Nexus Mutual UI!
If you're using Beefy CLM, you can protect your position against smart contract risk 🛡
Staking pool managers have opened up 774k DAI in Bundled Cover capacity.