beefyfinance

🐮 Beefy DAO votes for the buyback of $BIFI

Many were bummed out by the dip in price $BIFI recently. But the team isn't staying silent.

The DAO has kicked off vote BIP:99 — if the majority votes 'Yes', the Treasury Council will have the right to buy back $BIFI from the protocol's treasury at prices below fair value.

This will reduce the circulating supply and create support for the price from the bottom — a classic buyback, just like public companies do.

Voting is active until May 7. Right now, 61% are in favor.

It's nice to see that despite the turbulence, the protocol is thinking about holders and taking action. #BIFI #Beefy #BeefyFinance

What's happening in Beefy DAO
Beefy Finance is one of the oldest and largest yield optimizers in DeFi with a TVL exceeding 300 million — and they've launched a surprisingly bold vote. The DAO proposes to allow the Treasury Council to buy back tokens $BIFI from the protocol's treasury whenever the market price falls below the real asset value.

The logic is simple and fair

If the protocol's treasury is worth more than the entire circulating supply of $BIFI — every dollar spent on buybacks yields more than one dollar in real value. This benefits all remaining holders: fewer tokens in circulation means a larger share of assets per token.

How the community is voting

The results speak for themselves: 79% are in favor.
Voting concludes on May 7, 2026.

What this means for holders

Beefy isn't asking for money from investors. The protocol itself, from its own funds, is ready to support the fair price of the token. This is a rarity in the DeFi world, where most protocols go silent during tough times.

With a fixed supply of only 80,000 tokens and real income from fees — the buyback creates structural price support from the bottom.
#BIFI #Defi #BeefyFinance