We are excited to unveil our next step forward for Beluga!
At Beluga, we have constantly been building new products to generate the highest yields on Fantom and Polygon for our users.
Today, we are unveiling our plans for our next step forward as a protocol and what the future entails for Beluga as a whole!
Partnerships
We have been forming partnerships with a handful of other protocols, maximizing yields for their users through our innovative strategies.
One notable partnership is that with Panicswap. Panicswap is one of the first protocols that we have released Be The Protocol for through our bePANIC maximizer vault. This is one of our first steps forward.
We have also acquired whitelisting for our cross-chain VeManager for Hundred which will allow us to provide high stablecoin yields across several different chains through Hundred, more on this further on in this article.
Hundred
As aforementioned, we have acquired whitelisting on Hundred to lock veHND tokens across all chains. This is part of our next step forward, Be Hundred.
To grow our Hundred locks, we are launching beHND. beHND is a new Fantom-exclusive vault which will allow for users to lock their HND for beHND tokens. As a beHND holder, you will receive performance kickbacks from our Fantom VeManager.
We are also bootstrapping our VeManager’s boost on Hundred’s reward gauges with 1k+ HND tokens.
We plan to bring our HND locks beyond Fantom through Hundred’s veHND mirroring. Through mirroring, we will be able to mirror our VeManager’s veHND locks across all chains Hundred supports locking on, establishing Beluga’s multichain boost for maximizing HND yields.
Pods Phase 1
We have officially released phase 1 of our Beluga Pods, this is through our fBEETS vault which maximizes your returns on your fBEETS through both autocompounding at the lowest fees on Fantom and through Beluga’s bribe management strategies.
This is our first phase for the launch of Beluga’s Pods. In the future, we plan to also offer an option to delegate fBEETS voting power to Beluga, through delegation, Beluga will utilize this voting power to maximize returns on fBEETS bribes.
Be The Protocol
And now, we are excited to unveil what we have been building up towards! Be The Protocol!
Be The Protocol is our next step in the tokenomics of BELUGA. Through this new model, BELUGA holders govern the voting power of protocols owned by Beluga.
Alongside BELUGA holders having a say in the governance of the protocols Beluga holds voting power over, we will be releasing a bribe layer for BELUGA holders. This bribe layer will allow for BELUGA holders to receive bribes from other protocols to vote for Beluga to utilize its voting power in favor of the protocol. For instance, a protocol can propose a bribe for BELUGA holders to vote towards allocating a percentage of the protocol’s PANIC voting power towards a certain pool in Panicswap’s emission vote.
We will launch this model first for HND and PANIC. In the future, we plan to expand our voting power further to more protocols.
We suggest joining our Discord to stay tuned for more protocol updates! You can find our links below:
Links
Site — https://app.beluga.fi
Discord — https://discord.gg/AjUaRHmuwp
Twitter — https://twitter.com/beluga_fi
Docs — https://docs.beluga.fi
