[READY] [GF: Phase 1 Proposal] Beefy

hey @frondoto, what you have said make sense.

As this proposal is focusing on LP incentives, I have one more thought on your proposal.

  1. Would you consider changing one of the pair to $OP (35% on incentives), OP/ETH or OP/Stable is up you your team to decide.

  2. You have good liquidity on other chains.

Would it possible to encourage them to move their asset to OP chain. Just be clear, I am talking about migrating the liquidity which means liquidity already locked on your platform. You can use few percentage out of 50% for this.

What do you think ?

Edit 1:- You can put BIFI pair inside 50%

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Copying portions of my post from discord just in case forum folks miss it.

To answer question 1:

  • The 35% was to encourage a bribe (helping the bribe economy of several protocols including Velodrome and BeethovenX) to provide BIFI-ETH liquidity. This pair important for the revenue sharing that we provide as part of the Beefy protocol. If we feel this is overweighted in distribution we can adjust. Though other similar proposals are using a much greater percentage to benefit their own token liquidity, just wondering if we should have consistency in what’s considered ok in this regard.

2: The vast majority of the incentives would be used in efforts to incentivize new users and new liquidity to optimism. We have already shown the organic demand for our product. Since we have 15 chains of users, these incentives will help us not only spur trial of Optimism and hopefully sticky TVL but also benefit the trial of the underlying protocols. Currently we rank 7 in all TVL on Optimism according to DeFiLama. With the grant we will have flexibility to not only incentive use but also build more unique to optimism strategies such as liquid staking velo, univ3 strats, strats built on top of perpetual protocol etc. As for the public good, all our contracts and protocol code is open source. We actually have a revenue share for willing strategists.

Edited the proposal with @OPUser suggestion. The incentivized liquidity will be in the BIFI-OP pair instead of BIFI-ETH


before you go ahead and do this, you mentioned earlier that BIFI-ETH pair was important for the revenue sharing that you provide. Is this still possible with OP? Assuming this had to do w BIFI and not both assets, yes?

Correct, it was about BIFI liquidity more than the specific pair item.

I appreciate that feedback on the prior proposal was taken into account. This looks like a much better proposal to me and I’ll happily support it. Credit to you all for seeing such encouraging early traction after your deployment to Optimism.


Thank you for your feedback @solarcurve . I know you are quite involved in Optimism governance so seeing our proposal align with your vision is encouraging. :smiley:

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This proposal looks sound and the team has been very responsive and helpful in responding to comments and suggestions throughout the process. The distribution looks well distributed across a long duration to help bring and keep liquidity and users on Optimism. Beefy has a long and credible history with many users so they will be able to bring a lot to Optimism. I think they already have over $10M in TVL on Optimism at this point and that shows their dedication

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Voted: Yes


  1. 10M+ TVL in just 2-3 week of launch on OP chain.
  2. Number of token requested with distribution time line is excellent.
  3. 30% is going towards LP reward of OP pair.
  4. 50% is being used to boost farm only on OP chain.


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Voted yes - I voted no the previous round because it had not been deployed on Optimism which has been solved. Thank you for the updated proposal!

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Good to see it live and being adopted, a much stronger proposal this time round. You have my vote.

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Vote: Yes

It is live now and they have gained a large amount of TVL. Overall, the proposal looks strong, and we will support it.

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Hey @frondoto @weso thanks.

I really appreciate that you took our feedback from the previous rejection and improved and coming back with a lot of changes including a deployment on Optimism!

Also like the switch of incentives to the BiFi-OP pool.

Will vote to support the proposal in the snapshot vote.

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Voted: Yes!
I support it

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Tend to agree with @OPUser here, and in general I’m also just glad to see feedback from previous proposals being taken into account.


Voting Yes this time as the proposal is now aligned with Optimism & can contribute significant users/TVL.

Value-add: Good (Size of project, Ecosystem involvement)
Amount: High
Op distribution: Okay-Good
Co-incentives: None

Feedback was well-incorporated. The size of your project and deeper involvement in the Op ecosystem should be great for you and Optimism projects.

Note to ourselves: We’re curious if matching token pairs with Op will become a thing on Optimism too or if the de facto standard will remain moving top pairs such as Eth-USDC to Optimism. Op pairs might become a token sink, grow Op price in the short-term but can be an unnecessary barrier/extra cost for users. No strong opinion formed on this matter yet - long-term stickiness to be proven yet.

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Thanks for incorporating feedback from the last proposal. I’m voting yes on this given the early traction from the launch on Optimism. I like that you will be keeping delegates up to date with spending/uses.

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We voted yes on this proposal now that Beefy Finance has gained significant traction on Optimism since deploying.

Good product (retail point of view). Glad to see it expanding to other chains beyond Fantom.

Requested grant amount is appropriate to TVL and growing userbase. The proposed distribution window is longer than most other projects which is good - it increases the conversion rate from trial Optimism users to permanent Optimism users.

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I clicked your DeFiLama link and it gives a 500 error, it seems to be Beefy: TVL and stats - DefiLlama