Beefy-escrowed Sonic ($BES) is a Sonic-based liquid staking token by Beefy Finance, enabling users to stake $S tokens, earn yields, and access Sonic’s DeFi ecosystem. More
| Fully Diluted Valuation | $802,570 |
|---|---|
| 24H Trading Volume | $40,752 |
| 24H Low / High | $0.30 / $ 0.31 |
| Circulating Supply | 2.63M |
| Total Supply | 2.63M |
| Max Supply | ∞ |
| Categories | Liquid Staking 2 more |
|---|---|
| Founder | Anonymous |
| Website | app.beefy.com Whitepaper |
| Socials | 1 more |
| Chains | Sonic Ecosystem |
| Explorer | Sonicscan |
| Contracts |
0x871....a1c88
|
| Name | Pair | OG Score |
|---|
Beefy-escrowed Sonic ($BES) is a liquid staking token launched by Beefy Finance on the Sonic blockchain in April 2025, designed to enhance staking accessibility and yield opportunities within the Sonic ecosystem. Built on Sonic’s high-performance, EVM-compatible infrastructure, which uses a custom Sonic Virtual Machine for optimized smart contract execution, $BES allows users to deposit wrapped Sonic ($wS) tokens into a smart contract to receive $BES, a yield-bearing token that auto-compounds staking rewards.
The $BES token powers staking, governance, and access to DeFi features, supporting Sonic’s ecosystem growth by increasing staked assets for network security.
The platform’s key features include Automated Reward Distribution, where rewards are harvested at least every 24 hours via Beefy’s Cowllector system, and a 14-Day Withdrawal Queue, inherited from Sonic’s staking mechanics, allowing partial or full withdrawals through the Beefy UI or smart contract. The Pool-to-Peer Model socializes rewards and risks across validators, ensuring consistent user experience even when staking is split across multiple validators, as outlined in Beefy’s documentation. $BES imposes a 9.5% standard fee and a 10% liquidity fee on staking yields, with the latter supporting liquidity pools and trading stability on exchanges like Shadow Exchange and SwapX Algebra.
Use cases include staking $wS to earn $BES for yield farming, participating in governance to influence validator selection, and leveraging $BES in DeFi protocols like liquidity pools or lending markets on Sonic, supported by partnerships with Atlantis and Silo Finance. The platform benefits from Sonic’s Fee Monetization (FeeM) model, redistributing up to 90% of transaction fees to performant dApps, and Beefy’s validator operations since December 2024, per project details. No major issues, such as hacks or scams, have been reported, reflecting Sonic’s secure infrastructure. Challenges include managing validator capacity, ensuring liquidity for $BES trading, and navigating regulatory complexities for DeFi yield products. Beefy-escrowed Sonic’s vision is to maximize staking yields while unlocking Sonic’s DeFi potential, fostering a robust, community-driven ecosystem for Web3 innovation.
$BES offers a liquid staking solution on Sonic, auto-compounding $wS rewards into a yield-bearing token with a 14-day withdrawal queue. Its pool-to-peer model ensures equal reward distribution across validators, while a 10% liquidity fee enhances trading stability, and integration with Sonic’s FeeM model supports dApp growth, making it a versatile DeFi tool.
The founders of Beefy-escrowed Sonic are Anonymous, as no specific individuals are named in available sources. The project is led by Beefy Finance’s decentralized team, with governance via a Developer Council multi-signature account, as noted in project documentation.
No specific backers or investors are disclosed for $BES. The project relies on community-driven funding through $wS staking and $BES trading, with support from Sonic Labs, Atlantis, and Silo Finance.
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