BES
Beefy-escrowed Sonic
- Price
- $0.0380
- 24h
- −1.3%
- 7d
- −17.6%
- Market cap
- $10.7K
- 24h volume
- $38
sonic
0x871a101dcf22fe4fe37be7b654098c801cba1c88
Beefy-escrowed Sonic (BES) is a DeFi token on Sonic. 282.2K are in circulation, with no maximum. It ranks 11404th by market capitalisation among the coins tracked here. The project publishes its website, whitepaper, source and explorer.
Beefy-escrowed Sonic (beS) is a liquid-staking token developed by Beefy Finance to integrate with the Sonic blockchain ecosystem. It allows users to stake wrapped Sonic (wS) tokens and receive beS tokens in return, which represent their staked position and accrue staking rewards over time.
This mechanism enables users to benefit from Sonic's staking rewards while maintaining liquidity through the transferable beS tokens.
Upon depositing wS tokens into the beS smart contract, these tokens are automatically staked on the Sonic network. The staking rewards generated are periodically harvested and redistributed to beS holders. This process is automated to occur at least every 24 hours, ensuring that rewards are efficiently managed and distributed.
The beS token is yield-bearing, meaning holders receive staking rewards without needing to take additional actions.
- Circulating
- 282.2K
- Total supply
- 282.2K
- Max supply
- No cap
Supply as of 23h ago