🧵 Protocol of the Day: @beefyfinance
Beefy is a cross-chain yield optimizer that auto-compounds rewards across dozens of DeFi protocols. With vaults on 30+ chains, it’s one of the easiest ways to boost yield on your crypto, all from a single interface.
✅ Pros:
• Auto-reinvests rewards to maximize yield
• Supports 30+ chains including Base, Arbitrum, and Polygon
• Audited by CertiK and Zellic with no hacks to date
⚠️ Risks:
• Anonymous Team – The team behind Beefy is not publicly known, which limits transparency and increases trust assumptions for users
• No Reserves or Insurance – If something goes wrong (e.g. exploit or bad debt), there’s no safety net to protect user funds
• Multisig Upgrade Risk – Smart contract changes are controlled by a small group with less than 48 hours of notice, giving users limited time to react