This Beefy Finance vault provides auto-compounding for Curve's TricryptoUSDT pool. Beefy automatically harvests CRV and CVX rewards and compounds them back into LP tokens, maximizing yields without user intervention.
How Beefy Vaults Work
Deposit Curve TricryptoUSDT LP tokens
Receive mooTokens representing your vault share
Beefy stakes in Convex and harvests rewards
Rewards auto-compound into more LP tokens
mooToken value increases over time
Beefy Advantage: Fully automated compounding with gas-efficient batched harvests shared across all depositors.
Auto-Compounding Mechanics
Beefy's compounding process:
Multiple harvests per day
Rewards swapped to underlying assets
Additional LP tokens minted
Compounding reflected in mooToken exchange rate
Gas costs amortized across all vault users
Underlying Strategy
This vault likely:
Deposits LP to Convex for boosted CRV
Claims CRV and CVX rewards
Sells rewards for USDT, WBTC, WETH
Deposits back to Curve for more LP
Stakes new LP in Convex
Fee Structure
Beefy charges 4.5% performance fee:
Already reflected in displayed APY
No deposit or withdrawal fees
67% of fees go to BIFI stakers
Risk Disclosures
Smart Contract Risk: Exposure to Beefy, Curve, Convex contracts and reward token contracts.
Tricrypto Impermanent Loss: Volatile asset pool with significant IL risk from price divergence.
Compounding Risk: Swap slippage during compounding could reduce returns.
Strategy Risk: Auto-compounding strategy may not always execute optimally.
WBTC Custody Risk: BitGo custody of underlying Bitcoin.
USDT Risk: Tether reserve and operational risks.
Lower APY: Displayed APY already accounts for fees, so actual returns may be lower than raw Convex.
Disclaimer: APY and TVL figures are based on on-chain data and may fluctuate. Past performance does not guarantee future results. DeFi investments carry smart contract, market, and liquidity risks. This content is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing.
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