🐄 What is Beefy Finance (BIFI)?
Beefy Finance is a decentralized service for automatic yield earning (yield optimizer).
You put your crypto assets into special 'vaults' (stores), and smart contracts automatically reinvest the profits to increase income.
🔑 Key Facts:
The BIFI token is a governance token for the project, with only 80,000 BIFI issued (fixed supply, no more will be created).
Holders can stake BIFI (put it in the 'Maxi Vault') and receive a portion of the platform's fees.
The project operates on multiple networks: BSC, Polygon, Fantom, and others.
The current price is approximately $173 for 1 BIFI, with a growth of about 16–18% over the last day (data may vary).
All-time high — $3,620 for BIFI (in March 2021).
📈 Why is it interesting?
Small supply volume — the token is rare, hence the volatility is high.
Yield consists of fees and reinvestment strategy.
Often used in DeFi for passive income.
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⚠️ Do not confuse with BiFi!
There is also a BiFi token associated with the Bifrost project — this is a different coin (it's about cross-chain lending).
BiFi costs only ~$0.002 (very cheap), and it has billions of tokens in circulation — it is not Beefy.
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✅ Withdrawal
Beefy (BIFI) is a rare DeFi token for earning passive income through automated strategies. High returns, but also risks — the price can vary significantly.