What is beefy finance?

Beefy Finance is a decentralized and multi-chain financial platform that is not confined to the blockchain network. It is also a yield optimizer that enables users to earn compound interest on their token holdings. Since its inception, Beefy Finance has committed to providing the greatest annual percentage yield (APYs) in an efficient and safe way.

What is beefy BiFi?

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. BIFI holders share in our revenue by staking their BIFI in Beefy Maxi vaults.

Is Beefy a legit APY project?

The project legitimately appears to improve regular users’ consistent attempts at finding better APY rewards. Beefy provides new, and often unique, yield earning potential. While its team is anonymous, Beefy’s security has never been disputed so far.

Does beefy finance have smart contracts?

The first audit was on the $BIFI token, the RewardPool, and the timelocks. Later, CertiK verified the smart contracts and other security features of Beefy through an audit. Beefy Finance contains Smart Contracts to employ a set of investing strategies. So the platform is also at risk of Smart Contract vulnerabilities.