GM Gnosis Community
This topic is a standing space for comms relating to the Beefy deployment on Gnosis Chain
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
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.