Beefy Finance started on BNB Chain in October 2020, offering a novel means to auto-compound yields from PancakeSwap pools. As of 2025, the platform operates across 22 blockchains.
The Birth of Beefy Finance on BNB Chain
Beefy Finance debuted at a time when high Ethereum gas fees were prompting yield farmers to seek alternatives. The platform introduced specialized vaults that automatically compounded rewards from PancakeSwap liquidity pools, significantly improving user efficiency. The limited supply of 80,000 $BIFI tokens contributed to its success by creating scarcity and providing holders with profit-sharing and voting rights through the Beefy DAO.
Ethereum Migration After Multichain's Collapse
Beefy Finance's growth was accompanied by expansion to other networks using Multichain. However, after Multichain's 2023 collapse, Beefy completed its migration to Ethereum as an ERC-20 token. This move ensured greater security and stability. Stakers now earn rewards in $ETH instead of $BIFI, and the MooBIFI token was introduced for cross-chain staking.
Strategic Initiatives and Growth in 2025
In 2025, Beefy Finance continues to demonstrate adaptability and innovation. The platform renewed its presence on BNB Chain by adding popular memecoin vaults and launched the SafeBoost campaign on the Gnosis chain. With active Boost campaigns and new vault strategies, Beefy remains competitive in the DeFi sector.
Since its 2020 launch on BNB Chain, Beefy Finance has successfully adapted to market changes and user needs. The 2023 migration to Ethereum and innovations in 2025 confirm its status as one of the most mature yield optimizers in DeFi.
