What is beefy finance & BiFi?

Beefy finance builds upon the yearn finance protocol, but with a few key differences. Beefy Finance or BIFI, is built and deployed on the Binance Smart Chain (BSC). As BIFI uses the BSC, the fees to use their vaults are tiny… like, less than $0.10 Beefy automatically compounds your daily interest! Reinvesting the interest.

What is beefy & how does it work?

What is Beefy? Beefy is a Decentralized, Multichain Yield Optimizer that allows its users to earn compound interest on their crypto holdings. Beefy earns you the highest APYs with safety and efficiency in mind.

How do I get Started with Beefy finance?

Start your journey by visiting Beefy Finance’s website. Once there, click on the “Launch App” button. This will transport you to the app section of the website. Next you will need to get your crypto account ready. Beefy Finance distinguishes itself from similar DeFi platforms by supporting numerous different blockchains.

What is beefy interest?

Here's what Beefy interest is: When you take your crypto and stake it on Beefy we find ways to add to the compounding of your asset. If one of the platforms we use gives away a promotional coin on top of any interest, then we take that promo coin and sell it for more of what you staked. The result is a significantly higher overall annual return.