Beefy

Beefy is a platform known as a Decentralized, Multichain Yield Optimizer that allows users to gain compound interest on their cryptocurrency assets.

By employing a range of investment strategies executed via smart contracts, Beefy Finance optimizes user rewards seamlessly from multiple sources such as liquidity pools (LPs), automated market maker (AMM) projects, and various other yield farming opportunities present within the DeFi ecosystem.

The primary feature offered by Beefy Finance is 'Vaults,' where you can stake your crypto tokens. The investment strategy specific to each vault automatically increases your deposited amount by reinvesting yield farm reward tokens back into your original asset. Contrary to what the term 'Vault' implies, your funds aren't locked in Beefy Finance; you have the freedom to withdraw them at any time.

DeFi applications stand out because they are permissionless and trustless, meaning anyone with a compatible wallet can access them without needing a trusted intermediary. When your funds are staked in a vault, you retain full control over your cryptocurrency.

$BIFI tokens represent 'dividend-eligible' revenue shares in Beefy Finance, allowing holders to earn a portion of the profits generated and participate in key decisions affecting the platform.

For each vault deployed across various blockchains, Beefy Finance relies on its native governance token, $BIFI. The platform generates revenue by taking a small percentage of the profits from all vaults, which is then returned to $BIFI stakers.

With the revenue-sharing system, you can stake $BIFI to either accumulate more $BIFI in a BIFI Maxi vault or receive $ETH, $BNB, $FTM, $MATIC, $AVAX, $HT, $ONE, $CELO, $MOVR, or $CRO in native staking pools.

The total supply of $BIFI is capped at 80,000 tokens, and they are accessible on major decentralized exchanges like Binance, 1inch Exchange, and PancakeSwap.

For further information, please check the official Beefy Finance documentation: https://docs.beefy.finance/moo/