[READY] [GF: Phase 1 Proposal] Beefy

Voted: Yes

Pros:-

  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.

Cons:-
None

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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.

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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

Voting: Yes

In consultation with our community, Beefy is a protocol that users use often and are eager to take advantage of (investing, farming, etc). In our region, it has been of benefit to DeFi enthusiasts. Proposal seems reasonable.

  • Contribution: Positive
  • OP distribution: Neutral
  • Co-incentives: No
  • Impact in LATAM: Positive

Suggestions: We expect that the 15% allocated for strategist developer/team incentives pay off well as it is key to onboarding new users and can be useful for more sophisticated use cases to build on top for. Keep us informed in this regard.

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Thank you for your vote. Beefy is stepping strong in LATAM and we hope to keep expanding there! Will keep you informed.

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True :smiling_face:
it was about bifi liquidity more than the specific pair item

Yes - props on deploying the protocol already and iterating on a proposal

Project quality: High - high TVL, quite recognizable brand

Team quality: High - mostly anon

Amount requested: Reasonable - 650k OP - 12-18 months

OP distribution: Mid - No matching, mostly yield farming. I agree with the claim that liquidity is quite sticky (ppl are too lazy to remove liquidity, beefy will retarget different farms automatically).

50% of the incentives will be used to boost the farms of native Optimism protocols. - can you be more specific about what “native” Op protocols are eligible for the incentive?

@frondoto can you provide a Telegram handle or other contact method so the Optimism team can get in touch about paying out this grant! Feel free to comment on this thread, DM, or email justine@optimism.io

Hey @justine_hy I just sent you an email. Cheers!