If you are tired of the recent 'mouth-to-mouth' competition in the industry, you can check out the green points blooming plan launched by BitFi in collaboration with Galxe.
In simple terms, it means depositing your BTC into the BitFi platform and exchanging it for a cross-chain asset called bfBTC. bfBTC not only allows you to participate in the DeFi ecosystem but also leverages the team's quantitative strategies, combining the advantages of centralized finance (CeFi) and decentralized finance (DeFi) to help you generate real returns.
Currently, bfBTC supports three chains: BSC, Bitlayer, and Hemi, with APYs of:
BTR: About 15%
BSC: About 11%
Hemi: About 8%
Meanwhile, depositing bfBTC can also earn points, which can be exchanged for future token airdrops.
The total locked value (TVL) of BitFi has surpassed $470 million, ranking high in the BNB Chain ecosystem, indicating its market recognition. More importantly, BitFi is also a selected project in Binance's MVB Phase 9, ensuring both endorsement and scale.
Currently, there are two types of point activity gameplay:
1⃣ Deposit BTC to exchange for bfBTC, starting from a minimum of 0.0001BTC, automatically generates points daily, and invite friends to receive a 3% points rebate!
Portal: BFIDAZT
(Reference value: 1 bfBTC = 100,000 points per cycle)
2⃣ Complete tasks on Galxe, available on chains like BNB, BitLayer, Hemi, etc., and points will be credited within 48 hours.
The two points are interchangeable, and both can be exchanged for airdrops in the future.
The activity is '0 cost', but don't be greedy and open multiple accounts, as BitFi has a strict anti-cheating mechanism!
Let's talk about the expected returns that everyone is concerned about:
The returns of bfBTC mainly come from two aspects.
First, there is the CeFi quantitative strategy part, where the team uses multiple strategies for arbitrage, settles returns daily, and maintains good stability.
Second, there is the DeFi yield part, where users participate in related liquidity pools to earn additional annualized returns and points rewards. For example, the liquidity pool in cooperation with Hemi offers an LP annualized return of about 6.67%, combined with a points mechanism to incentivize users, resulting in overall considerable returns.
Additionally, stake BTC on the Bitlayer official website to automatically convert to bfBTC and earn BitLayer points! BTR is expected to be 5%.
BitFi has also made considerable guarantees regarding asset security, collaborating with custodial institutions to ensure the safety of user funds, which is crucial in cryptocurrency asset management.
Overall, BitFi offers a relatively robust and diversified BTC financial option. When the market is not highly volatile, strategies like this 'BTC cross-chain finance + points airdrop' combination may be a way to diversify risk and increase returns.
If you are interested in this kind of gameplay, you can pay attention to BitFi's points program, participate in staking and community tasks, and accumulate points for future token airdrops.
The current development trend and design mechanism of BitFi are worth BTC holders taking some time to understand and try, which may bring some unique appreciation opportunities for your assets.
At the same time, BitFi is also recruiting community ambassadors, welcoming community operators/KOLs to join and participate in ecological construction.
