Beefy

Our assessment

Beefy operates across 40 chains — more than any other protocol in this comparison — with $103m locked, two audits and reports linked. Its vaults harvest rewards and reinvest them automatically, which is the difference between an advertised yield and a realised one.

Compounding is where manual users lose

A 20% APR compounded daily is meaningfully more than 20% simple, and capturing it manually means claiming and reinvesting constantly — impractical on any chain where that costs gas, and forgotten on chains where it does not. Automating it socialises the transaction cost across all depositors, which is the entire economic argument for a yield aggregator.

Forty chains means forty risk surfaces

Each deployment interacts with different underlying protocols, bridges and tokens. A vault is only as safe as the strategy it runs and the protocol it farms — Beefy's own contracts scoring well says nothing about a vault farming an unaudited protocol on an obscure chain. Read the strategy, not the brand.

Fees are the honest part

Aggregators take a performance fee on harvested rewards, disclosed as a percentage. That is a clean structure: you pay from gains rather than from principal. Compare the net yield after fees against manual compounding at your own transaction costs — on cheap chains with large positions, doing it yourself sometimes wins.

Who it suits

Beefy fits users farming across multiple chains who want compounding handled and will still evaluate individual strategies. Users wanting curated single-chain vaults should compare Yearn or Lulo.