Beefy
Multichain yield optimizer whose vaults auto-compound rewards from farms and liquidity pools.
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Beefy key facts
| Category | Yield platform |
|---|---|
| Chains | 41 chains, mostly EVM |
| Platforms | Web |
| Custody | Non-custodial |
| Fees | Performance fee on harvest rewards, up to 9.5% on new vaults |
| Security audits | Reports in the beefy-audits GitHub repository |
| Chains | 41 chains |
| Token | BIFI |
BIFI token
- Price
- $59 -1.6% 24h
- Market cap
- $4.7M
- Fully diluted value
- $4.7M
- 30-day change
- -11.5%
Market data: CoinGecko, updated Nov 10, 2026. Educational content, not financial advice.
What is Beefy?
Beefy is a multichain yield optimizer: its vaults harvest farm rewards and compound them back into the deposit. Performance fees come out of harvest rewards and are already included in the APY shown. A typical older vault takes 4.05%; since BIP:45, new vaults can charge up to 9.5%.
How Beefy works
A Beefy vault takes one token, either an LP token such as BTC-BNB LP or a single asset, and runs a strategy that farms it on an underlying platform.
The vault is harvested several times a day, and rewards are sold and added back to the deposit. In return you get a mooToken, a receipt unique to each vault. The mooToken count stays fixed while the amount of underlying it redeems for grows, so it does not match your deposit 1:1.
Funds are never locked: you can withdraw at any time, which burns the mooTokens and returns the deposit plus yield. Whoever holds the mooTokens owns the share, so moving them to another address moves the claim. New strategies can come from the community, but a vault is only accepted if its underlying platform meets Beefy's SAFU standards.
How to start with Beefy
- You need a self-custody wallet such as MetaMask or Trust Wallet, the vault's underlying token and some gas on that chain.
- At app.beefy.com, filter by chain or search, open a vault and enter an amount.
- A first deposit takes two transactions: one to approve the vault contract and one to deposit.
- Beefy ZAP lets you enter a vault from a different token.
- There is no account; Beefy says you stay anonymous to it.
Beefy fees and limits
- A typical vault takes 4.05% of harvest rewards: 3% to BIFI holders in the governance incentives program, 0.5% to the treasury, 0.5% to the strategist and 0.05% to the harvest caller.
- Under BIP:45, new vaults can charge up to 9.5%, mostly to the treasury.
- Vaults that do not harvest on deposit may add a withdrawal fee of up to 0.1%, shared with other depositors.
- ZAP V2 costs 0.05% on entry or exit.
The displayed APY is already net of performance fees; gas is extra.
Risks to know before using Beefy
- Beefy's contracts use no external price oracles, which it says removes flash-loan price manipulation risk.
- Privileged changes go through a 6-hour timelock controlled by a 3 of 6 developer multisig.
- Audits include DeFiYield and CertiK for core vaults, Zellic for BIFI, OpenZeppelin for zaps and Zellic, Cyfrin, Certora and Sherlock for CLM, and a bug bounty has run on Immunefi since July 2021.
- Beefy does not insure deposits, and each vault also carries the risk of its underlying farm.
Beefy usage
From DefiLlama (TVL) (fees users paid), updated Nov 10, 2026.
Beefy alternatives
Other projects people compare with Beefy.
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On-chain asset management and tokenized fund infrastructure: Enzyme Onyx, Blue vaults and Myso options.
Yield trading protocol that splits yield-bearing tokens into principal (PT) and yield (YT) tokens.
Yield aggregator whose yVaults pool deposits and run automated strategies across DeFi protocols.
Where Beefy ranks on DappAtlas
Listed next to Beefy
- Morpho Lending protocol
- Curve Finance Decentralized exchange
- Aerodrome Decentralized exchange
Beefy pros and cons
- Displayed APY already includes performance fees
- Fee split published line by line
- Audit reports published on GitHub
- New vaults can take up to 9.5% of harvest rewards
- Vault safety depends on the underlying farm
- Many chains and vaults to vet one by one
Beefy FAQ
What is Beefy?
Beefy is a multichain yield optimizer: its vaults harvest farm rewards and compound them back into the deposit. Performance fees come out of harvest rewards and are already included in the APY shown. A typical older vault takes 4.05%; since BIP:45, new vaults can charge up to 9.5%.
How much value is locked in Beefy?
$95.1M according to DefiLlama on Nov 10, 2026. It is deployed on 42 chains: Ethereum, Base, Binance, Arbitrum, Fraxtal, Monad and others.
How much does Beefy cost?
Performance fee on harvest rewards, up to 9.5% on new vaults, according to Beefy’s own page (checked Sep 26, 2026).
How much do users pay Beefy in fees?
$80,179 over the last 30 days, according to DefiLlama on Nov 10, 2026.
Does Beefy have a token?
Yes, BIFI. Its market cap was $4.7M on CoinGecko on Nov 10, 2026. Educational content, not financial advice.
Does Beefy hold my funds?
No. Beefy is non-custodial: you keep your funds in your own wallet and sign each transaction.
Sources
How this page works
Sources: Beefy: official site, Beefy: Docs, Fees breakdown, Beefy: Docs, Audits and Bounty. Data as of Sep 26, 2026.
Not affiliated with any project listed. Educational content, not financial advice.