What changed

The Moo strategy's displayed APY rose to 169.60%, with a one-day change of +72.22 percentage points and a seven-day change of +115.98 points. Over the same one-day window, deposits were about $2,479 and withdrawals about $139, leaving net inflow of only about $2,340. The underlying CLM Reward Pool also rose to 109.74% APY, +34.54 points over one day, with both base APY at 45.54% and reward APY at 64.19% contributing to the headline rate.

Why it matters

This is a second-wave tokenized-stock LP built around SNDKc where displayed yield expanded sharply without a major TVL drawdown and while net inflow remained relatively small. Beefy's managed concentrated-liquidity and auto-compounding layer can display a materially higher headline APY than the underlying CLM pool, so fee, reward and compounding layers should be evaluated separately rather than treating the figure as equivalent to a simple Aerodrome LP yield.

Evidence

  • Portals Explorer — Beefy Moo Beefy Aerodrome Base USDC-SNDKc — TVL was $92,784.81 and displayed APY was 169.60%. One-day APY change was +72.22 percentage points and seven-day change was +115.98 points. One-day deposits were $2,478.93 and withdrawals were $139.14. 2026-09-14T12:29:53+09:00
  • Portals Explorer — Beefy CLM SNDKc-USDC Reward Pool — TVL was about $99,993 and displayed APY was 109.74%, with a one-day APY change of +34.54 percentage points. The breakdown was 45.54% base APY and 64.19% reward APY. One-day deposits were $2,678.88 and withdrawals were $139.15. 2026-09-14T12:29:53+09:00

Limitations

Displayed APY annualizes short-term fees, incentives and compounding assumptions and does not represent a guaranteed realized return. The Moo page reports 169.60% as Beefy's base APY, while the underlying CLM page separates 45.54% base APY and 64.19% reward APY, so display structure differs by aggregation layer. Risks include concentrated-liquidity range-out, IL/LVR, reward volatility, automated rebalancing, Beefy and Aerodrome smart-contract risk, and SNDKc issuer, custody, redemption and eligibility constraints.

Disclosure

This is a public-market observation and does not constitute investment advice.