BIFI набирает 100%+ после того, как Beefy Finance добавляет новые хранилища и пулы ликвидности стабильных монет
Winston Churchill’s statement to “never let a crisis go to waste” can be applied across many aspects of society, including the recent carnage seen in the crypto market. Last week’s volatility is likely to have newer investors and those who took on heavy losses questioning the future of the burgeoning asset class, but in every bear trend there is a silver lining.
One platform that appears to be capitalizing on the void created by TerraUSD’s (UST) collapse is Beefy Finance (BIFI), a multi-chain yield optimizing decentralized finance protocol.
Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $387.80 on May 14, BIFI spiked 168. 13% to hit a daily high of $1,040 on May 16 amids a 684% increase in its 24-hour trading volume.
BIFI/USDT 4-hour chart. Source: TradingView
Three reasons for the sudden spike in activity for BIFI are the increase in the liquidity pool options available for yield farming, a new integration with Oasis Network and the launch of 12 new vaults.
Stablecoin yields get a notable boost
The collapse of Terra (LUNA), UST and the 20% yield offered for UST deposits on Anchor Protocol (ANC) has opened the door for protocols like Beefy Finance to capture users and funds that were set adrift.
Beefy Finance has taken advantage of this opportunity by upgrading several stablecoin vaults to offer higher yields including the Curve stablecoin liquidity pool on Arbitrum, which now offers a yield of 34.9%.
Quote.
Upgraded #Curve #stablecoin lp now on Beefy’s #Arbitrum network.
✅ $USDC — $USDT LP: 34.9% APY
pic.twitter.com/eq0cbZFhmx
— Beefy (@beefyfinance) May 16, 2022
End of Quote.
The platform has also integrated the Tron network’s USDD stablecoin and depositors can earn 62.5% APY on the quad stablecoin pool comprised of USDD/BUSD/USDT/USDC.
Beefy Finance expands its ecosystem
As the cryptocurrency ecosystem slowly progresses toward a multi-chain future, Beefy Finance has also benefited from expanding the list of networks the protocol supports and the most recent addition of the Oasis Network brings the total number of supported chains supported to 15.
Quote.
Take a break from staring at your portfolio and TA charts for a moment to read about Beefy’s new partner, @OasisProtocol.
We are proud to build on Oasis’s privacy-enabled network.
Beefy (@beefyfinance) May 14, 2022
End of Quote.
The integration with the Oasis Network makes Beefy Finance one of the most cross-chain compatible DeFi protocols in the ecosystem and includes support for the most active blockchains including Ethereum (ETH), BNB Smart Chain (BNB), Polygon (MATIC), Avalanche (AVAX) and Fantom (FTM).
Новые хранилища привлекают свежую ликвидность
Третьим фактором, привлекающим инвесторов в Beefy Finance, является запуск 12 новых хранилищ в течение последней недели.
Новые хранилища включают поддержку активов Stader.Fantom, DeFi протокола на базе Oasis под названием YuzuSwap, протокола Trisolaris на базе Aurora и Step.App (FITFI), который работает на Avalanche.
Хотя за последнюю неделю цена BIFI сумела подняться, еще предстоит выяснить, сможет ли она удержаться на достигнутом уровне и будет ли платформа и дальше демонстрировать рост TVL, особенно если текущая привлекательная доходность начнет снижаться.
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