Beefy

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

Provides the current and live total value locked of each Beefy vault, which is the sum of the current market capitalisation of all of the assets currently held by the relevant vault, denominated in $USD. Fetches vault addresses from Beefy API, then queries actual onchain balances of underlying tokens in each vault contract.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Beefy's governance or utility token carries a market capitalisation of 9,2 M $US based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (9,2 M $US) is small relative to deposits secured by the protocol (153,3 M $US); a mcap/TVL multiple of 0.06× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token. A further 4,2 M $US sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Beefy is a Yield Aggregator — a decentralised exchange where users swap assets against on-chain liquidity pools rather than a central order book. It is deployed across 40 chains, including Ethereum, Base, Arbitrum, Fraxtal and 36 other chains. The codebase has been independently audited (1 report on file).

Beefy runs a multi-chain deployment, with smart contracts live on 40 networks. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (9,2 M $US) is small relative to TVL (153,3 M $US) — a mcap/TVL ratio of 0.06 is often read as the token being structurally undervalued versus the activity it secures.

Verified external resources for Beefy — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Beefy is one of 7 Yield Aggregator protocols Mantapex tracks in this category. Direct peers ranked by total value locked include CIAN Yield Layer, Yearn Finance, Fluid Lite, and 3 more. These peer protocols collectively secure 1,1 Md $US in deposits, giving you a frame of reference for whether Beefy's own TVL is at the top, middle, or tail of the category.

CIAN Yield Layer

TVL 382,1 M $US · 24h +6.83%

Yearn Finance

TVL 262,2 M $US · 24h +1.32%

Fluid Lite

TVL 180,1 M $US · 24h +0.74%

Lulo

TVL 97,1 M $US · 24h +0.54%

YO Protocol

TVL 78,3 M $US · 24h +0.84%

Kinetiq Earn

TVL 59,4 M $US · 24h +1.59%