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Beefy.Finance (BIFI) price, chart, coin profile and news

Find the latest Beefy.Finance (BIFI) price, coin profile, news and history to get you started with Beefy.Finance trading and investing.

Beefy.Finance (BIFI) is the 472nd largest cryptocurrency in the world by market cap, valued at $40,419,158. The current price of Beefy.Finance is $505.239471, which is -1.519% lower than yesterday. Prices have ranged between $521.17 and $500.8 over the past 24 hours. All prices are listed in US dollars and accurate as of February 09, 2023 04:02 UTC.

Beefy.finance price chart

Price over the past month

What is Beefy.finance?

Developed in 2020, Beefy Finance is a yield optimisation platform that aims to optimise yield farming and liquidity provision strategies in the decentralized finance (DeFi) ecosystem. The DeFi sector has exploded in popularity recently and, as a result, opportunities to earn an annual yield (interest) on cryptocurrency assets have increased.

Beefy Finance is a DeFi service that removes the stress of this process and allows users to compound interest on their tokens through automated yield farming. According to Beefy Finance’s documentation, the network is multi-chain compatible, which means it is not limited to one blockchain network. This allows for a vast number of yield optimisation strategies across blockchains like Ethereum, Binance and Polygon. Beefy Finance’s system is unique relative to other players in the field due to the “vault” system. Vaults automatically determine the best yield from DeFi platforms across multiple networks and can perform a number of automatic functions. This removes a lot of decision-making for yield farmers. BIFI is the token native to the Beefy Finance platform. Token holders can vote on platform development proposals and stake tokens on the platform to earn additional interest.

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Beefy.finance recent updates

Feb
'22
Beefy finance continued to expand its ecosystem with the addition of Aurora vaults (hosted on the NEAR network) to the DeFi protocol

Beefy.finance at a glance

Basic stats for Beefy.finance

#472
$40 M
80000
80000

Beefy.finance performance over time

Beefy.finance fundamental and technical analysis

Time frame
Movement
1 day
1.52%
1 week
12.66%
1 month
38.88%
2 months
42.94%
200 days
22.28%
1 year
77.60%
Show all

Social activity for Beefy.finance

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