APIR 27: Beefy vaults on Arbitrum to the 4th winelisting

Project presentation:
Protocol(s): Beefy.finance vaults - Sushi + Curve pools

IBT(s) requested: Name(s) and ticker(s) of the asset(s):

  • MIM/USDC/USDT: mooAbrcdbrMIM-2CRV
  • USDC/ETH Sushi LP: mooSushi USDCETH
  • gOHM/ETH Sushi LP : mooSushi gOHMETH

IBT contract address:

Current TVL on the requested IBT:

  • mooTriCrypto : 3.97M$
  • mooSushi USDC/WETH: 1.21M$
  • mooSushi gOHM/ETH: 400K$

Current TVL of the protocol(s) according to DefiLlama:
Beefy : 239M$
Abracadabra : 366M$
Sushiswap: 592.4M
Olympus Finance: 320M$

Summary:
Add Arbitrum Beefy vaults to the 4th winelisting

Rationale:
To prepare Arbitrum deployment, this proposal aims to integrate several Beefy vaults on Curve and Sushi with gOHM, MIM, USDC, USDT, WETH to the 4th winelisting event.

  • Beefy is a yield optimizer live on 15 chains and the core product is auto compounding vaults
  • Abracadabra.money is a lending platform that uses interest-bearing tokens as collateral to borrow a USD pegged stablecoin (Magic Internet Money - MIM), that can be used as any other traditional stablecoin.
  • Sushi products include: a decentralized exchange, a decentralized lending market, yield instruments, an auction platform, an AMM framework and staking derivatives.
  • Olympus is a decentralized reserve currency protocol based on the OHM token. Each OHM token is backed by a basket of assets in the Olympus treasury (>$330m at the time of writing), and gOHM is the recently introduced v2 token that is cross-chain compatible and that will be used for on-chain governance in the future. Note that gOHM is a wrapped token containing rebasing (staked) OHM (gOHM price = OHM price * Current Index).

Additionally, Beefy will ask their communities to upvote the vaults as IBTs to make them eligible for APW rewards.

Benefit of this integration for Beefy community:

  • Additional yield opportunities
  • Increase the visibility of the project with cross marketing
  • Increase the TVL of the IBTs

Benefit of these integrations for Abracadabra, Sushi and Olympus communities:

  • Additional yield opportunities
  • Increase the visibility of the project with cross marketing
  • Increase the TVL of the Underlying
  • Possible strategies for the DAOs treasuries

Benefit of this integration for Apwine DAO:

  • Increase the tokenized TVL and the AMM TVL
  • Diversify the yield possibilities for APWine community
  • Increase the visibility of the project with cross marketing

Metrics:

  • Twitter community : Beefy: 213K - Abracadabra 123.4K - Sushi: 222.9k - 151.3K followers
  • Telegram community: 22.7K members - 25.52K members- 114K members - 12.75K members

Means:
No additional resources announced for now.

Voting options:

  • Add the mooAbrcdbrMIM-2CRV Arbitrum
  • Add the mooSushi USDCETH Arbitrum
  • Add the mooSushi gOHMWETH Arbitrum
  • Don’t add any beefy vaults to the 4th winelisting vote
  • Abstain
Should we add these Beefy vaults to the next winelisting ?
  • Add the mooAbrcdbrMIM-2CRV Arbitrum
  • Add the mooSushi USDCETH Arbitrum
  • Add the mooSushi gOHMWETH Arbitrum
  • Don’t add these beefy vaults to the 4th winelisting vote
  • Abstain

0 voters

hell yes, especially to this pls.

2 Likes