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Beefy
@Beefy
Beefy is THE Multichain Yield Optimizer present in 18 different blockchains. Earning compounded interest for thousands of users daily.
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To the Beefy DAO,
We're excited to share with everyone our 2024 Q1 quarterly report https://t.co/6Mvi6h5VQd. We're back again for another year of detailed analysis and radical transparency, and I'm thrilled to say that 2024 is already off to a great start:
* Beefy generated an enormous $927k in revenue across all categories, up 124.6% from Q4 2023 ("QoQ");
* That reflects $830k of vault fees and $97k in other forms of revenue;
* For the DAO's treasury, that means total inflows of $579k, of which $482k is derived from Beefy vaults (+112.6% QoQ);
* For tokenholders, that translates to $268,836 returned in the form of governance pool incentives (+137.4% QoQ);
* Total costs for the quarter increased to $715k, reflecting $139k of grant spending and $76k of frontloaded marketing and conference costs;
* The DAO has returned again to profitability, making $3,419 in adjusted net income after all the cost increases and frontloaded spending;
* Total net assets attributable to the DAO reached an enormous $7.5 million, up 21.1% in Q1 alone; and
* Live financial reporting through Dune has expanded rapidly as a result of @__ePete's hard work with https://t.co/qAcQkVk9L8
Our thanks as always to the cowmoonity, users and our tokenholders who continue to stand by the project and support its rapid development. We can't wait to keep riding this bull market with you, and sharing in the glory of autocompounding!
🐮
We're excited to share with everyone our 2024 Q1 quarterly report https://t.co/6Mvi6h5VQd. We're back again for another year of detailed analysis and radical transparency, and I'm thrilled to say that 2024 is already off to a great start:
* Beefy generated an enormous $927k in revenue across all categories, up 124.6% from Q4 2023 ("QoQ");
* That reflects $830k of vault fees and $97k in other forms of revenue;
* For the DAO's treasury, that means total inflows of $579k, of which $482k is derived from Beefy vaults (+112.6% QoQ);
* For tokenholders, that translates to $268,836 returned in the form of governance pool incentives (+137.4% QoQ);
* Total costs for the quarter increased to $715k, reflecting $139k of grant spending and $76k of frontloaded marketing and conference costs;
* The DAO has returned again to profitability, making $3,419 in adjusted net income after all the cost increases and frontloaded spending;
* Total net assets attributable to the DAO reached an enormous $7.5 million, up 21.1% in Q1 alone; and
* Live financial reporting through Dune has expanded rapidly as a result of @__ePete's hard work with https://t.co/qAcQkVk9L8
Our thanks as always to the cowmoonity, users and our tokenholders who continue to stand by the project and support its rapid development. We can't wait to keep riding this bull market with you, and sharing in the glory of autocompounding!
🐮
