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Beefy x Stargate: Integration Proposal

Voting ended over 2 years agoSucceeded

blockchains (8 of which are shared with Stargate). Currently offering more than 600 vaults that compound rewards generated by almost $400M TVL. Beefy has many strong traits, two of the most outstanding ones are a big focus on security, and great user experience.

User experience wise, we are constantly improving our contracts, design, and application, to make DeFi available for everyone. This can be seen in our app, which loads info from +600 vaults with efficient RPC calls, and displays everything without focusing on which chain you are connected to, giving our users a see-through view of all DeFi opportunities, allowing them to choose the best yields.

We just integrated 1inch in the back, so you can enter any vault, with any token with 2 transactions (1 approval and 1 contract call). This is a huge leap in user experience, since in the past, you would need up to 7 transactions, and jump between different protocols, making the DeFi experience overwhelming and cumbersome.

Issue Statement: There are still things to improve in the DeFi experience. The biggest one is moving value across different blockchains. Getting the correct tokens, the right amounts, and finding an appropriate bridge can still be a daunting experience for some inexperienced users.

It's also worth noting that you have to pay transaction fees for all of this.

Solution: Now, we are making another leap in terms of UX, making the cross-chain experience even easier thanks to technologies developed by Stargate that haven't been available in the past.

Stargate technologies are empowering the Beefy engineering team to create a truly cross-chain seamless experience. Allowing users to enter and exit vaults without leaving the app, without the need to know how to use DEXes, bridges, get gas on the destination chain, etc.

We want to incorporate into our solution, a reward-system that

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Timeline

Nov 05, 2023Proposal created
Nov 05, 2023Proposal vote started
Nov 08, 2023Proposal vote ended
Feb 07, 2025Proposal updated