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.

What is beefy BiFi?

What is BIFI? BIFI is the multiutility token of Beefy. The utility is twofold: BIFI stakers earn a part of the revenue generated by Beefy, and both holders and stakers are entitled to vote on important governance decisions. For all the vaults deployed on every blockchain, Beefy has its multiutility token BIFI at its core.

How do I invest my BiFi token?

Invest your token in a Beefy single asset Vault. Beefy stakes the token on an external, interest-bearing platform. Your interest is used to purchase more of the asset and reinvested. Beefy regularly and automatically repeats the process, saving you time and fees. $BIFI is the native revenue-share & governance token for our protocol.

How does BiFi work?

Moreover, with BIFI, you will be eligible to vote on proposals and influence decision making. You can also stake these tokens in the Maxi vault, which will give you a yield of more BIFI, or the GOV vault, where you can earn Wrapped BNB tokens instead. Isn’t that just exciting?