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TVL $11MAPY 3.11%medium riskUpdated Feb 1, 2025

Beefy Moo Curve TriCryptoUSDT

Deposit into Beefy auto-compounding vault for Curve TricryptoUSDT LP with automated yield optimization.

ProtocolBeefy
Networkethereum
SymbolMOOCURVETRICRYPTOUSDT
CategoryYield Vaults
Underlying Assets
Contract Address0xc4c68922058f45952c05296abef16d8b5bd2190f

What is Beefy Moo Curve TriCryptoUSDT?

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

  1. Deposit Curve TricryptoUSDT LP tokens
  2. Receive mooTokens representing your vault share
  3. Beefy stakes in Convex and harvests rewards
  4. Rewards auto-compound into more LP tokens
  5. 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:

  1. Deposits LP to Convex for boosted CRV
  2. Claims CRV and CVX rewards
  3. Sells rewards for USDT, WBTC, WETH
  4. Deposits back to Curve for more LP
  5. 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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