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
- 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
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