Beefy
Liquidity · Vaults · BIFI
Beefy is a decentralized, multi-chain yield optimizer. Its vaults automatically harvest farm rewards and recompound them back into the underlying LP position, maximizing compounded APY across dozens of chains.
Multi-chain auto-compounding yield optimizer.
Protocol TVL
—
+0.0% 24h
Latest data · 15 min delay
Research
Components, facts, FAQ, timeline, and tokenomics in one place
Main components (5)
Vaults (auto-compounding)
Beefy's core product. Users deposit a token (or LP token) and receive an ERC-20 mooToken receipt; the vault's investment strategy automatically harvests farm reward tokens from an underlying DEX or farm, swaps them back into the deposited asset, and reinvests them, so the redeemable value per mooToken grows over time without the user manually claiming or restaking.
mooToken receipt tokens
Interest-bearing, tokenized proof of deposit issued at deposit. The count of mooTokens in a wallet stays constant while the quantity of underlying vault tokens they redeem for increases as the strategy compounds.
Cowcentrated Liquidity Manager (CLM)
Beefy's automated manager for concentrated-liquidity (Uniswap-V3-style) pools. It reassesses and resets the position range roughly every 6 hours via onchain calls, reinvests trading fees, and uses a main 50/50 position plus an alt single-sided position so all capital stays deployed. Because it does not sell tokens to rebalance, range impermanent loss is not realized until the position is exited. Depositors receive Cow Tokens / Reward Cow Tokens, and classic auto-compounding Vaults can be layered on top (issuing mooBeefy tokens).
Zaps
A one-click routing tool (ZAP V2) that converts a user's input token into the correct underlying asset or LP position for a vault on deposit, and back out on withdrawal, charging a small 0.05% zap fee.
BIFI token, DAO and Revenue Share
BIFI is Beefy's fixed-supply governance token. Holders vote 1-vote-per-token in the Beefy Snapshot space, and a share of vault performance fees is routed (post-2023 migration, via mooBIFI/rBIFI incentive programmes on Ethereum) back to BIFI stakers as a revenue-share.
Differentiator
One of the broadest multi-chain vault footprints in DeFi (20+ chains), with fully on-chain, community-audited auto-compounding strategies.
Organizational structure
Units & roles
- Governance
Beefy DAO
Beefy is governed by BIFI token holders through the Beefy Snapshot space, voting at 1 vote per token on protocol matters. The project is community-run rather than a traditional company.
- Development and operations
Core contributor team & multisig
A team of largely pseudonymous contributors builds vault strategies and protocol infrastructure and operates the project's multisig; strategists who deploy vaults earn a slice of the performance fee as a contribution incentive.
Similarity to traditional finance products
How Beefy maps onto established TradFi structures, and where it diverges.
| TradFi product | Similarity to Beefy | Key differences |
|---|---|---|
| Auto-reinvesting / accumulating index or money-market fund | Like an accumulating fund that automatically reinvests dividends and interest, a Beefy vault continuously reinvests the yield it earns so the holder's position grows without any manual action, and a receipt token (mooToken) represents a proportional, appreciating share of the pool. | Beefy is non-custodial, permissionless and on-chain, with no minimums, redemptions available at any time, and returns driven by volatile DeFi farm rewards rather than regulated securities; there is no fund manager or investor protection, and smart-contract and underlying-protocol risks apply. |