Beta Finance November Newsletter
Happy Holidays! We hope you’ve had a great month, and we’re excited to give our community a re-cap of this past month’s developments!
As we start rounding off the year, the team has been strategically focused on bolstering utility and value for users of the protocol and BETA holders by:
- Strengthening use cases for BETA by bringing in accessible new ways to earn
- Securing partnerships that bring unique value to our community and the ecosystem
- Improving incentive designs for stronger liquidity and traction
With these goals in mind, in November we moved ahead with new integrations, partnerships and launches. Here’s a summary!
- BETA/ETH Uniswap V3 Staking Incentives Program
- Index Coop Token Markets Live on Beta Finance w/ Joint LM Rewards
- Welcoming ALPHA Stakers to the BETA Community
- Beta Finance Markets and Liquidity Mining Program
- Podcasts and Livestreams with Beta Finance
BETA/ETH Uniswap V3 Staking Incentives Program
We kicked off the month by announcing the first BETA/ETH (1% Fee) Uniswap V3 Staking Incentives Program. BETA holders are able to maximize capital yields by providing concentrated liquidity in our incentivized Uniswap V3 pool and claim BETA rewards by staking their LP tokens on our DApp. While the first program has ended, our second Staking Incentives Program is active right now for how new and existing LPs can participate.
Index Coop Token Markets Live on Beta Finance with Joint LM Rewards
In an exciting partnership with Index Coop, we launched one of the first money markets for diversified index tokens DPI, MVI, BED, and ETH2x-FLI on Beta Finance with joint liquidity mining incentives across all four markets.
This integration provides a unique opportunity for index token holders to bolster their capital efficiency and earn active yield through Beta. The partnership gives our community exposure to understanding index tokens, portfolio diversification and safe investment strategies.
Welcoming ALPHA Stakers to BETA Community
As the first Alpha Launchpad incubated project, we’re thrilled to have the Alpha Wolves join us on our journey to innovate, build, and advocate for new DeFi solutions. This month ALPHA stakers received the first unlock of BETA token rewards.
With the roll-out of our 2nd BETA/ETH Uniswap V3 Staking Incentives Program, new BETA token holders can now earn additional BETA by providing BETA and ETH liquidity on Uniswap V3 or by lending BETA on the DApp for safe yield. Learn more about yield opportunities on Beta Finance here.
Beta Finance Markets and Liquidity Mining Program
More money markets came to Beta Finance this November! BETA and ENS markets, in addition to MVI, DPI, BED, and ETH2x-FLI index token markets are now live on the DApp for lending, borrowing, and short selling.
For markets on Beta Finance, there is also the opportunity to earn additional yield through liquidity mining rewards! Rewards are claimable one week after each two week liquidity mining period ends. You will see rewards earned in the current liquidity mining period as “Pending” in the dashboard, and once the period ends and calculation period is complete they will become “Claimable”.
Podcasts and Livestreams with Beta Finance
Join us on “Conversations with the Coop” where we spoke with Index Coop to guide you through how you can hedge risk with index tokens and short selling strategies.
Tune into an episode of the Blockcrunch Podcast where we discuss the importance of short selling in an overheated crypto market.
Check out our livestream with DeFi Dad where we walk through our Staking Incentives Programs, partnership with Index Coop, and new yield opportunities on Beta Finance.
Wrapping Up
That’s it for this month’s installment!
With the year-end right around the corner, our team is focused on finalizing our roadmap to scale Beta Finance the coming year.
We’ll continue to keep the community updated through our socials, so be sure to follow us on Discord, Twitter, and Telegram!
We are hiring!
Beta Finance is looking to expand our team and is actively hiring. If you are passionate about DeFi and excited to build the next generation of infrastructure for DeFi, we’d love the chance to learn more about you! Please see our job opportunities here.
