beefy

According to tracking data from the Web3 asset data platform RootData X, in the past 7 days, the multi-chain yield farming optimizer Beefy Finance has been the project with the most unfollows by top figures on X (Twitter). The new influential figures who unfollowed this project include DeFi analyst Ignas (@DefiIgnas) and Rainy Sleep (@0xSleepinRain).

ChainCatcher news, May 15, DeFi yield aggregator Beefy Finance announced that after Sonne Finance encountered a security vulnerability attack, the Beefy team took swift action and urgently paused all 9 Sonne Vaults supported on Optimism and Base within minutes, timely withdrawing most user funds.Beefy stated that due to the quick response, about two-thirds of the funds were preserved, but some vaults on Optimism were still affected to varying degrees, and some users suffered financial losses. Currently, all Sonne vaults will remain in a paused state. Beefy stated that it will maintain close communication with Sonne, and once any funds are recovered or any form of compensation is obtained, it will work with Sonne to ensure that it is returned to the affected users.

ChainCatcher news, according to Scopescan monitoring, Beefy Finance transferred nearly 5,943 BIFI, worth about 2.13 million USD, to Binance through an affiliated wallet around 0:00 today.

ChainCatcher message, the multi-chain yield optimizer Beefy core team recently released an informal ARFC proposal and has opened voting to assess whether to quickly migrate the BIFI token from Multichain. In the proposal, the core team suggests redeploying BIFI on Ethereum and establishing a unified governance pool, while implementing a new bridging solution managed by the DAO to facilitate the bridging of staked mooBIFI tokens.It is reported that this move is due to a series of severe failures experienced by Beefy's bridging provider Multichain over the past two months, which affected all assets supported by its protocol. In a recent incident, approximately 18,690 BIFI tokens were transferred from Multichain's router to another wallet controlled by Multichain without Beefy's prior knowledge or consent, resulting in a lack of support for the bridged BIFI tokens (i.e., tokens not on the BNB chain).Current voting results show that 99.67% of votes support the migration, 0.15% oppose the migration, and 0.17% abstain. The voting will end at 2 AM Beijing time on July 15. (Source link)