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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.
What is Beefy.Finance?
Developed in 2020, Beefy Finance is a yield optimization platform that aims to optimize 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 optimization 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.
Beefy.Finance (BIFI) is the 367th largest cryptocurrency in the world by market cap, valued at $116,952,320. The current price of Beefy.Finance is $1502.91, which is 1.408% higher than yesterday. Prices have ranged between $1683.47 and $1470.47 over the past 24 hours. All prices are listed in US dollars and accurate as of January 24, 2022 08:01 UTC.
Beefy.Finance (BIFI) priceUse our graph to track the performance of (BIFI) over time.
Beefy.Finance at a glance
|Total BIFI supply||80,000|
|All time high||US$4,116.95|
Beefy.Finance price performance over time
Disclaimer: Cryptocurrencies, including Beefy.Finance, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BIFI is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Beefy.Finance or any other cryptocurrency discussed.
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