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.
BIFI price
$38.37
+1.3% 24h
Latest data · 15 min delay
One of the broadest multi-chain vault footprints in DeFi (20+ chains), with fully on-chain, community-audited auto-compounding strategies.
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.
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.
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).
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 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.
4.05% of harvested profit, split 3.0% to BIFI holders, 0.5% treasury, 0.5% strategist, 0.05% harvest caller
Beefy Docs - Fees Breakdown80,000 BIFI, fixed at deployment with no minting function
Beefy Docs - $BIFI TokenOver 15 blockchains (incl. Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Arbitrum, Optimism)
Nansen - What is Beefy ProtocolHow Beefy maps onto established TradFi structures, and where it diverges.
Auto-reinvesting / accumulating index or money-market fund
Beefy
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.
TradFi analogue
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.
Beefy DAO
Governance 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.
Core contributor team & multisig
Development and operations 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.
Key milestones: launches, upgrades, exploits and governance events.
Beefy and BIFI token launch
ExecutedThe Beefy protocol and its fixed-supply BIFI governance token launched in September 2020; the first vaults went live shortly after on BNB Chain, making Beefy one of the earliest yield optimizers on that chain.
SourceBIFI holders granted governance rights
ExecutedBIFI token holders were granted voting rights over platform decisions, marking Beefy's shift toward DAO-style decentralized governance.
SourceBIFI migration to Ethereum (BIP-71)
ExecutedFollowing the July 2023 failure of the Multichain bridge that had issued BIFI on non-native chains, Beefy governance approved BIP-71 to move the token's base to Ethereum, restructure the incentive programmes, and build a new Revenue Bridge and Token Bridge. The migration was implemented in September 2023 with a new non-mintable BIFI contract.
SourceCowcentrated Liquidity Manager (CLM) audited and rolled out
ExecutedBeefy's CLM concentrated-liquidity product completed a series of audits (including Sherlock, dated 2 July 2024) as it rolled out across chains, extending Beefy from classic vaults into managed concentrated liquidity.
SourceBeefy is a decentralized, multi-chain yield optimizer. You deposit a token or LP position into a vault and receive a mooToken receipt. The vault's strategy automatically harvests reward tokens from the underlying farm, swaps them back into your deposited asset, and reinvests them multiple times, so your redeemable balance compounds without any manual claiming or restaking.
Beefy charges a performance fee only on the yield it generates, not on your principal, and the fee is already reflected in the advertised APY. On standard vaults the performance fee is 4.05% of harvested profit, split between BIFI holders (3.0%), the Beefy treasury (0.5%), the vault strategist (0.5%) and the harvest caller (0.05%). Zap deposits/withdrawals incur an additional 0.05% zap fee.
BIFI is Beefy's governance token with a fixed supply of 80,000, launched in September 2020 with no ability to mint more. Holders vote on governance via Snapshot at 1 vote per token, and staking BIFI entitles you to a share of protocol revenue distributed through Beefy's incentive programmes.
Beefy is one of DeFi's most broadly deployed yield optimizers, running on well over 15 blockchains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom/Sonic, Arbitrum, Optimism and Base, with new chains added regularly.
CLM is Beefy's product for managing concentrated-liquidity positions on Uniswap-V3-style pools. It automatically resets the price range roughly every 6 hours, compounds trading fees, and keeps capital deployed via a main 50/50 plus an alt single-sided position, letting everyday users access concentrated liquidity without manually managing ranges.
