Beefy Finance started on BNB Chain with yield auto-compounding. In 2023, it migrated to Ethereum, expanding to 22 blockchains by 2025.
Birth on BNB Chain
Beefy Finance debuted on BNB Chain during high Ethereum gas fees, offering specialized vaults for automatically compounding PancakeSwap rewards. The limited $BIFI token release and DAO governance were key to its success. Its presence on PancakeSwap significantly boosted its popularity.
Migration to Ethereum in 2023
The collapse of Multichain in 2023 led Beefy to move to Ethereum for security and stability, changing reward distribution and introducing MooBIFI as a cross-chain token. The migration strengthened DAO-controlled governance and ETH reward distribution.
Strategic Initiatives and Growth in 2025
In 2025, Beefy Finance continues to evolve with new features on BNB Chain and Gnosis. The SafeBoost campaign on Gnosis offers substantial $SAFE token incentives to users. The platform launched 28 active Boost campaigns and over 20 new vault strategies.
Through constant adaptation, Beefy Finance demonstrates resilience and innovation in the DeFi sector. Remaining loyal to its community, the platform is one of the most extensive and mature yield optimizers in the ecosystem.
