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.

What is beefy finance (BiFi)?

What is $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. For all the vaults deployed on every blockchain, Beefy Finance has its native governance token $BIFI at its core.

How does beefy finance work?

The main product offered by Beefy Finance are the 'Vaults' in which you stake your crypto tokens. 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.

What are beefy wrapped tokens & how do they work?

The wrapped tokens help maximize emissions on boosted Beefy vaults. There are also beFTM, and binSpirit that serve similar purposes. For example, beJoe is available for minting once users deposit $JOE into a Beefy vault. They can then mint the wrapped token at a 1:1 ratio. Beefy plans to stake 80% of $JOE tokens.