Launched in 2020, Beefy Finance marked its presence in the DeFi space with its innovative auto-compounding yields. Promising utility, the platform now spans 22 blockchains.
The Birth of Beefy Finance on BNB Chain
Beefy Finance debuted during a time of high Ethereum gas fees, offering pioneering vaults for compounding on PancakeSwap. The launch of the $BIFI token, capped at 80,000 units, was crucial to its success, becoming known for low transaction costs and a transparent governance model via Beefy DAO.
Migration to Ethereum After Multichain Collapse
Following the Multichain collapse in 2023, Beefy migrated to Ethereum, maintaining its 80,000 $BIFI tokens. This move ensured additional security and stability, laying the groundwork for further developments in governance systems and cross-chain interactions like MooBIFI.
Strategic Initiatives and Growth in 2025
In 2025, Beefy consolidates its position in DeFi through the SafeBoost campaign and the expansion of memecoin vaults on BNB Chain. The platform showcases innovation with new strategies and support for 22 blockchains, making it one of the most versatile in the ecosystem.
Beefy Finance, which started with BNB Chain, has successfully adapted to market changes and user needs. With its migration to Ethereum and expansion to 22 blockchains, the platform remains one of the leading yield optimizers in DeFi.
