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.
Where is Beefy-escrowed Sonic available for purchase?
You can exchange BES tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Beefy-escrowed Sonic is Shadow Exchange, notably the BES/BES pair, which saw a trading volume of $ 17,183.63 in the past day. Additionally, SwapX Algebra and DeFive are popular alternatives for trading tokens.
What is the highest value Beefy-escrowed Sonic (BES) has ever reached?
Beefy-escrowed Sonic (BES) reached its peak price at 0.6193 $ on 12 May 2025, approximately 3 months ago ago. Presently, the current price is -46.75% lower than this all-time high.
What is the historical minimum price for Beefy-escrowed Sonic (BES)?
The minimum price reached for Beefy-escrowed Sonic (BES) was 0.2513 $, documented on 22 June 2025, more than 2 months ago. In comparison, the current price is 31.21%, it above this historical low.
What is the fully diluted valuation of Beefy-escrowed Sonic (BES)?
The fully diluted valuation (FDV) of Beefy-escrowed Sonic (BES) stands at $ 800,141. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of BES tokens. The realization of this FDV might take several years depending on the emission schedule of BES tokens.