Since launching on BNB Chain in 2020, Beefy Finance has rapidly adapted, expanding to 22 blockchains by 2025.
The Birth of Beefy Finance on BNB Chain
Beefy Finance launched in 2020, offering auto-compounded yields from PancakeSwap pools. With its native $BIFI token capped at 80,000, and its utility in profit sharing, it swiftly gained popularity. Low transaction fees on BNB Chain and a transparent risk management approach built user trust.
Ethereum Migration After Multichain's Collapse
The collapse of Multichain in 2023 prompted Beefy Finance to migrate to Ethereum. The token supply remained at 80,000, with new mechanisms like the Universal Governance Pool (UGP) and MooBIFI introduced for staking $BIFI on Ethereum, enhancing platform security and stability.
Strategic Initiatives and Growth in 2025
By 2025, Beefy Finance had revitalized its presence, introducing memecoin vaults on BNB Chain, and launching the SafeBoost campaign on Gnosis to attract liquidity. Its expansion, with 28 active Boost campaigns and new vault strategies, underscores ongoing growth.
Beefy Finance has effectively adapted to the evolving DeFi market conditions from 2020 on BNB Chain to 22 blockchains by 2025. The SafeBoost campaign and innovations like Berachain's Zap functionality highlight its commitment to growth and stability.
