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Organisation

Beefy

3 placements on ChainChoice under Beefy, each scored against its own category's pool and criteria — none currently #1. The placements are not averaged and not ranked against each other: a #1 exchange and a #6 crypto card are two different products in two different markets.

Liquidity Management
How you can lose money here, and what the ranking scores
  • Contract failure (Beefy CLM (Cowcentrated Liquidity Manager) 8/10): the code holding the funds is exploited.
    Scored by Manager audit and exploit record · 20%
  • Control failure (Beefy CLM (Cowcentrated Liquidity Manager) 3/10): a key or vote changes the rules, freezes or mints.
    Scored by Rebalancing policy and trigger authority · 20%
  • Information failure (Beefy CLM (Cowcentrated Liquidity Manager) 7/10): the number is wrong or bought, or your data leaks.
    Scored by Published return versus holding · 40%
Not assessed by this ranking: Regulatory failure, Execution failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Fee stack read on chain (20%).
Yield Vaults
How you can lose money here, and what the ranking scores
  • Contract failure (Beefy 5/10): the code holding the funds is exploited.
    Scored by Strategy risk honesty · 24%
  • Control failure (Beefy 6/10): a key or vote changes the rules, freezes or mints.
    Scored by Mandate accountability · 30%
  • Exit failure (Beefy 6/10): you cannot get out at par, on time, or with what is yours.
    Scored by Exit mechanics under stress · 26%
Not assessed by this ranking: Regulatory failure, Execution failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Fee transparency (20%).
Yield Aggregators
How you can lose money here, and what the ranking scores
  • Contract failure: the code holding the funds is exploited.
    Scored by Inherited dependency surface · 30% (Beefy 2/10)
    Scored by Loss record own and inherited · 30% (Beefy 4/10)
  • Control failure (Beefy 3/10): a key or vote changes the rules, freezes or mints.
    Scored by Strategy change control · 20%
Not assessed by this ranking: Regulatory failure, Execution failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Total take-rate and whether it is published (20%).