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Beefy

Beefy

BIFI
$62.35Down 5.25 percent($3.46)

Key Stats

Market Cap$4.99MDown 5.25 percent
Volume (24h)$292.02
Fully Diluted Value$4.99M
Vol/Mkt Cap (24h)0.01%
Total Supply80.00K BIFI
Max Supply∞
Circulating Supply80.00K BIFI
Launch Date2020-09-20
Built OnETH
Token StandardERC20
Smart Contract Address0xB1F1…b1f1
Decimal Places18

Beefy Information

Websites
beefy.financeWhitepaper
Industries
Yield Optimization

Beefy Price Converter

BeefyBIFI
USD

2023-07-29: The BIFI token has migrated to a new version on the Ethereum network; this page is dedicated to the updated token, following its transition from the initial smart contract.

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Latest Beefy News

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Beefy Markets

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InstrumentExchangeBenchmark DataPrice24h Change
BeefyUSDT logo
BIFI-USDT
BEEFI_USDT
gateio logogateio
A
63.55USDT
-4.79%
BeefyUSDT logo
BIFI-USDT
BIFIUSDT
hitbtc logohitbtc
E
119.81USDT
0.00%

Beefy Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
BIFIERC20ETH0xB1F1ee126e9c96231Cc3d3fAD7C08b4cf873b1f12023-08-24
MBIFIERC20OP0x4e720dd3ac5cfe1e1fbde4935f386bb1c66f46422022-06-30
MBIFIERC20AVAX0xd6070ae98b8069de6b494332d1a1a81b6179d9602021-04-21
MBIFIHRC20HT0x765277eebeca2e31912c9946eae1021199b39c612021-04-11
MBIFIERC20POL0xFbdd194376de19a88118e84E279b977f165d01b82021-05-06

About Beefy

Beefy is a decentralized yield optimization platform that streamlines yield farming across various blockchains through smart contracts. Designed to maximize returns while minimizing user effort, the platform is governed by its native token, BIFI. Holders of BIFI not only have voting power to influence governance decisions, like software updates and protocol changes, but also share in the platform's revenue. By staking their BIFI tokens, holders can participate in specialized vaults, such as the BIFI Maxi vault, and earn rewards in various forms of cryptocurrencies including ETH, BNB, FTM, MATIC, and AVAX. This dual functionality—governance and revenue-sharing—makes BIFI a versatile asset in the decentralized finance ecosystem. Beefy was founded by an anonymous collective of blockchain experts, identified by pseudonyms like @0xbeefy, @superbeefyboy, @sirbeefalot_bnb, and @roastyb1.

Frequently Asked Questions

Beefy is an autonomous and decentralized yield optimization protocol designed to operate across multiple blockchains. Utilizing a collection of smart contracts, Beefy automatically allocates users' funds to the most efficient yield farming strategies. This ensures maximized returns while minimizing user involvement and complexity.

The heart of Beefy lies in its native governance token, BIFI. Beyond offering voting rights on governance issues, BIFI serves as a revenue-sharing instrument. A portion of the profits generated by Beefy's various vaults are systematically channeled back to BIFI holders who actively stake their tokens in the platform.

BIFI is an integral part of the Beefy ecosystem. As a governance token, it empowers holders to actively participate in shaping the platform's evolution by voting on updates, new features, and even changes to existing protocols. In addition, BIFI holders can stake their tokens in various Beefy vaults, including the specialized BIFI Maxi vault, to earn rewards in diverse tokens like ETH, BNB, FTM, MATIC, AVAX, and more. This mechanism allows token holders to compound their returns and expand their share of protocol revenue without additional effort.

Beefy was conceptualized and developed by a pseudonymous team of seasoned blockchain developers, including @0xbeefy, @superbeefyboy, @sirbeefalot_bnb, and @roastyb1. Their collective expertise in blockchain technology and decentralized finance has led to Beefy's focus on intelligent yield optimization and true decentralization.