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Beefy

Beefy BIFI Price $ 437.84

Rank: 865

309 Watchlists

DeFi

BIFI Price

437.84
0.93%
($ 4.04)
Price Range
LowHigh
$ 432.81$ 456.41

Beefy (Bifi) has recently migrated their old contracts to a new one. For more information, please read this annoucement: https://beefy.com/articles/migra...

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

#Token

Description

Beefy.Finance is a cross-chain yield optimizer.

Beefy (BIFI) Chart

The Beefy to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

BIFI to USD Converter

Beefy (BIFI)BIFI

BIFI Price Statistics

leaderboard

Market Cap

$ 34.99M

FDV

$ 34.99M

ATH Market Cap

$ 210.82M

24 Trade Vol.

$ 6.82M


Vol. (24h) / MCap

0.195

Max Supply

BIFI 80,000

Total Supply

BIFI 80,000

Circulating Supply

BIFI 80.00K

(100% of Max Supply)

Listing Date

12 Mar 2021

All Time High

$ 4,465

16 Mar 2021


All Time Low

$ 99.80

17 Oct 2023


From ATH

90.2%

From ATL

338.3%

Beefy Price Analysis

What is Beefy (BIFI)?

Beefy Finance is a blockchain-based decentralized finance platform. More specifically it operates as a Decentralized Multichain Yield Optimizer. Its users can earn compound interest on their crypto assets with Beefy’s high APYs. Beefy investment strategies are implemented via smart contracts which ensure security and aim to maximize user rewards.

The team’s long-term goal is to help grow DeFi overall and to provide access to opportunities previously only larger investors have had by offering interesting products on its platform. For example, hackathons and helping with auditing. This also includes Beefy Finance’s main product: Vaults, on which users can stake their tokens. Each vault has a different investment strategy that aims to provide the highest APY. 

BIFI is the native token of Beefy Finance. It is used for network governance and is distributed as a reward to platform participants. It has a total supply of 80,000

What are Beefy Finance’s key features and how does it work?

As mentioned, Vaults are Beefy Finance’s primary product. Smart contracts work to automatically maximize user rewards from protocols across the DeFi landscape, for example, liquidity pools, AMM projects, yield farming projects, and more. Any asset can be used as liquidity, mooTokens are issued to depositors as proof of the deposit. For example, if a user deposits BIFI, mooBIFI is given in return.

Vaults are either a pair of tokens invested in liquidity pools, single tokens invested in lending platforms, or single stake pools. The complete range of vaults can be found on the website along with information detailing APY, APR, daily interest percentages, and more.

In essence, vaults allow participants to compound their interest by automating investing and reinvesting funds that have been deposited through executing yield farming strategies. Any liquidity deposited from the vaults can be redeemed at any time.

BIFI Maxi vault plays an important role on the platform. Users can stake BIFI and earn rewards in BIFI (across staking pools on the platform, rewards are distributed in other coins).

Vault strategies are hardcoded and cannot be changed once they are released. Smart contracts are programmed to determine which assets should be farmed and where they should be sold. Beefy community members can post and discuss strategies in the platform’s discord channel.

The Beefy ecosystem also consists of the Beefy Launchpool. It works by promoting projects on various chains with the aim of helping to provide projects with liquidity and offer higher APY to stakers.

What can BIFI be used for?

BIFI tokens essentially function as revenue shares in Beefy Finance. Users can stake BIFI in any of the available pools and earn BIFI rewards in return. Any user who stakes or holds BIFI is entitled to take part in the governance process, this does not depend on which chain BIFI is held.

Where can you buy BIFI?

BIFI is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Binance, Pancake Swap, and Hoo. The price of BIFI will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for BIFI market price, please view the price charts on this page.

Beefy Price Today

Beefy's current price is $ 437.84, it has increased +0.93% over the past 24 hours.

Beefy's All Time High (ATH) of $ 4,465 was reached on 16 Mar 2021, and is currently -90.2% down.

The current circulating supply of Beefy is 80.00 Thousands tokens, and the maximum supply of Beefy is 80.00 Thousands.

Beefy’s 24 hour trading volume is $ 6.82 Million.

Beefy's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 35.03 Million.

You can find more details about Beefy on its official website and on the block explorer.

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