![]() ![]() ![]() This offer is based on information provided solely by the offeror and other publicly available information. The supply of $BIFI is limited at 80,000 tokens and available on the top decentralized exchanges such as Binance, 1inchexchange and PancakeSwap. Platform revenue is generated from a small percentage of all the vault profits and distributed back to those who stake $BIFI. $BIFI tokens are 'dividend-eligible' revenue shares in Beefy Finance, through which holders earn profits generated by Beefy Finance and are entitled to vote on important platform decisions.įor all the vaults deployed on every blockchain, Beefy Finance has its native governance token $BIFI at its core. While you have funds staked in a vault, you remain 100% in control of your crypto. Despite the name 'Vault' suggests, your funds are never locked in any vault on Beefy Finance: you can always withdraw at any moment in time.ĭeFi applications are unique in the sense that they are permissionless and trustless, meaning that anyone with a supported wallet can interact with them without the need for a trusted middleman. ![]() The investment strategy tied to the specific vault will automatically increase your deposited token amount by compounding arbitrary yield farm reward tokens back into your initially deposited asset. The main product offered by Beefy Finance are the 'Vaults' in which you stake your crypto tokens. Through a set of investment strategies secured and enforced by smart contracts, Beefy Finance automatically maximizes the user rewards from various liquidity pools (LPs), automated market making (AMM) projects, and other yield farming opportunities in the DeFi ecosystem. Yield optimization is the usage of data analysis tools to maximize the performance of yield farming projects.īeefy Finance is a Decentralized, Multi-Chain Yield Optimizer platform that allows its users to earn compound interest on their crypto holdings. These incentives can take the form of percentages of transaction fees, governance tokens, or interest from the lenders. Yield farming protocols incentivize the liquidity providers (LPs) to lock up their crypto assets in the liquidity pool. The lender is known as the liquidity provider and the fund where the money is kept is known as the liquidity pool. Yield farming is the practice of staking or lending your crypto assets to a smart contract-based liquidity pool in order to generate returns or rewards. Beefy.Finance (BIFI), launched in 2020, is a yield optimization tool on the Binance Smart Chain that helps maximize the return from yield farming. ![]()
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