Verified OGs:
9
CryptoFam:
224
Projects:
26530
BTC:
$108,552
0.27%
ETH:
$4,359.01
0.21%
ETH Gas
Low
Avarage
High
Data by Etherscan
Market Cap:
$3.84T
Fear&Greed:
39

Beefy BIFI Logo
Beefy BIFI
$187.24 0.22%
OG Score 0
Reviews 0
Beefy BIFI Logo

Beefy BIFI Price

$187.24 0.22%
Low All Time High
$3.28 $4116.95

Introduction

Beefy (BIFI) is a decentralized, multichain yield optimizer platform that offers users the opportunity to earn compound interest on their crypto holdings by staking in Vaults. More

OG Score 0
Reviews 0
Market Cap $14.99M
Market Cap Rank # 1514

Token Stats

Fully Diluted Valuation $14.99M
24H Trading Volume $238,995
24H Low / High $185.53 / $ 191.93
Circulating Supply 80.00 K
Total Supply 80.00 K
Max Supply 80.00 K

Info

Categories Decentralized Finance (DeFi) 4 more
Founder Dohyun Pak
Website immunefi.com Whitepaper 1 more
Socials 7 more
Chains Ethereum Ecosystem
Explorer Moonscan 9 more
Contracts Beefy 0xb1f....3b1f1

BIFI/USD Price Chart

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$BIFI Community Sentiment

OG Evaluation

OG Score

OG Score Rank #NA
Reviews 0
Gem Score N/A

OGAudit Coin Evaluation Metrics

Innovation 0 .00
Innovation Evaluates whether the project introduces a unique, impactful solution that clearly outperforms competitors.
Security 0 .00
Security Assesses the robustness of smart contracts or protocol security, and the availability of up-to-date audit reports.
Community 0 .00
Community Measures how actively the team engages its community and whether governance decisions involve on-chain voting or transparent input.
Tokenomics 0 .00
Tokenomics Examines the utility of the token, distribution fairness, and whether there are clear incentives for long-term holding or usage. Also evaluates the project’s revenue model, including income sources, sustainability, and whether value flows back to token holders or the ecosystem.
Team 0 .00
Team Evaluates the experience,credibility of the founding and development team.
Roadmap 0 .00
Roadmap Assesses the clarity, transparency, and timely execution of the project's development roadmap.

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About Beefy $bifi

What is Beefy (BIFI)?

Beefy Finance (BIFI) is a decentralized finance (DeFi) platform introduced in September 2020, with a primary focus on providing users with opportunities for yield optimization on their cryptocurrency holdings. This article aims to provide an objective overview of Beefy Finance based on its core features and functionalities.

Decentralized Yield Optimization through Vaults:

Beefy Finance operates on a decentralized, trustless model, offering users the ability to optimize yields through its Vault system. Users can stake their crypto tokens in these Vaults, each governed by smart contracts that automatically compound yield farm reward tokens, aiming to enhance the initial deposit over time. The system emphasizes liquidity and allows users to withdraw their funds at any time.

$BIFI Tokens as Revenue Shares:

Central to Beefy's economic model is its native governance token, $BIFI. As a dividend-eligible asset, $BIFI holders participate in profit-sharing by receiving a portion of the revenue generated from a percentage of all Vault profits. This mechanism provides an incentive for users to engage actively with the platform.

Governance Mechanism:

$BIFI extends beyond a revenue-sharing token; it also serves as a governance tool. Holders of $BIFI tokens have the privilege to participate in voting on crucial decisions related to the platform's development and operations. This decentralized governance model aligns with the principles of the broader DeFi ecosystem.

Cross-Chain Expansion:

Beefy Finance has demonstrated adaptability by expanding its presence across multiple blockchains. From its initial launch on BNB Chain in 2020, Beefy has diversified its reach to encompass 18 different blockchains by 2023. This cross-chain approach enhances accessibility and accommodates users across various blockchain networks.

Conclusion:

In conclusion, Beefy Finance provides a decentralized platform for users seeking yield optimization on their cryptocurrency holdings. The objective analysis presented here outlines key aspects of Beefy's functionality, including its Vault system, $BIFI tokens, and governance mechanisms. As the DeFi space continues to evolve, Beefy Finance remains an interesting player in the field, offering users the potential for active participation and yield enhancement.

What is unique about Beefy (BIFI)?

Beefy Finance stands out in the decentralized finance (DeFi) space for its automated compounding technology in Vaults, allowing users to earn compound interest on crypto holdings. The platform's cross-chain presence, from BNB Chain to 18 blockchains by 2023, enhances accessibility and inclusivity.

Who are the founders of Beefy (BIFI)?

Beefy Finance was launched in September 2020 by a team of four founders, committed to bringing autocompounding technology from DeFi projects on Ethereum to lower-cost chains. However, specific individual names of the founders are not provided in the information.

Where can I buy Beefy (BIFI)?

You can buy Beefy (BIFI) on Binance, Crypto.com, BingX, CoinEx, Uniswap V3 (Ethereum) cryptocurrency exchanges.

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