Beefy on Gnosis Chain

GM Gnosis Community :wave:

This topic is a standing space for comms relating to the Beefy :cow: deployment on Gnosis Chain :owl:

Beefy deployed on Gnosis Chain in October 2023 with help from karpatkey. Since then, we’ve operated over a dozen products building on top of Balancer and Aura (full details). You can filter for live details of Beefy’s performance on Gnosis Chain on our DefiLlama page.

We plan to use this topic to update the Gnosis community about our activities on Gnosis Chain, and invite discussion and feedback to ensure we’re delivering maximal value to our users on Gnosis Chain :raised_hands:

What’s Beefy?

Beefy is a yield optimisation protocol, which uses smart contracts to automate the management of DeFi strategies. Our classic yield farming products regularly claim rewards, swap back into the principal assets and redeposit to compound your earnings. Our concentrated liquidity manager (CLM) products manage the range of concentrated liquidity positions across a range of designs.

Beefy is available on over 20 chains with more than 1,000 products spread across hundreds of protocols and tokens. You can access all the available opportunities on a single dashboard through our web application, including advanced analytics and ease-of-access zap tooling.

The project is DAO operated, and you can keep up to date through our Snapshot space, Blog and Discord server.

Why use Beefy?

Beefy is based on simple win-win economics. We assume that most users want more of their principal assets rather than the available farm tokens, and aggregate the users’ scale to socialise the cost of executing the strategy. With cheaper operating costs, we can also execute more frequently, which increases the compounding effect. This allows our users to simultaneously do less work and reach higher yields, net of Beefy’s small fee on the earnings.

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To begin with, we have two exciting updates:

First, we’re pleased to share that we’ve launched new strategies for Balancer V3 on Aura Finance on Gnosis Chain. These are our first ever Balancer V3 strats, and it’s a pleasure to bring them first and foremost to Gnosis chain. These strategies target even greater yields by incorporating wrapped Aave yield-bearing tokens, and can be built on top of with hooks, increasing the range of positive-sum activities that can be operated through this liquidity. We’ll be pleased to continue supporting the adoption of Balancer V3 on Gnosis Chain, giving liquidity providers more options on how to manage their earnings.

Second, we’re delighted to be participating in the SafeBoost incentives campaign on Gnosis Chain as one of the launch partners. Working closely with karpatkey, we’re preparing to deliver a range of incentives to Beefy users accessing our products through Safe Smart Accounts on Gnosis Chain. More details will follow soon!

Thanks! :wave:

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Exciting news! :tada::eyes:

Beefy’s role in the SafeBoost campaign officially launches today!

You can officially earn SAFE rewards and additional boost incentives from Beefy for using our vaults through your Safe smart account on Gnosis Chain. You can spot the incentivised products on the Beefy app with the SafeBoost label. Just deposit from a Safe to take part in the rewards :raised_hands:

Screenshot 2025-02-20 at 16.12.01

More details are available in our launch blog post, or head to the Beefy Discord server to raise any questions/issues.

Happy Boosting! :owl::cow2:

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