They work much more efficiently than attempting to maximize yield through manual means. A yield optimizer is an automated service that seeks to gain the maximum possible return on crypto-investments made through DeFi platforms. Yield farming is simply a way to make some interest with crypto holdings. What are yield farming and yield optimization? Users can request new vaults directly from Beefy’s developers and the time it takes to answer these requests is very low. Beefy automates and optimizes different investment strategies, allowing token holders to benefit from the upside of complex farming protocols. There are lots of farms to choose from across several blockchains. They can vote without un-staking their tokens. Token holders also have a right to create and vote on proposals to the platform as part of its governance system. A portion of the fees paid by anyone using Beefy’s yield optimization vaults are distributed to holders of $BIFI staked on the platform. $BIFI Tokens can be staked on the Beefy platform to gain rewards and interest. $BIFI is the native governance token of Beefy Finance. The supply of $BIFI is limited at 80,000 tokens and available on the top decentralized exchanges such as Binance, 1inchexchange and PancakeSwap. ![]() Certik has already provided audits for such projects as Ocean Protocol, NEO, Ontology, and Waves. Platform revenue is generated from a small percentage of all the vault profits and distributed back to those who stake $BIFI.īeefy Finance is a supported partner of Binance’s official decentralized wallet, Trust Wallet, and audited by Certik to guarantee the robustness of deployed smart contracts. ![]() Through a set of investment strategies secured and enforced by smart contracts, Beefy Finance automatically maximizes the user rewards from various liquidity pools (LPs), automated market making (AMM) projects, and other yield farming opportunities in the DeFi ecosystem.įor all the vaults deployed on every blockchain, Beefy Finance has its native governance token $BIFI at its core. $BIFI tokens are ‘dividend-eligible’ revenue shares in Beefy Finance, through which holders earn profits generated by Beefy Finance and are entitled to vote on important platform decisions.īeefy Finance is a Decentralized Finance (DeFi) Yield Optimizer platform that allows its users to earn compound interest on their holdings.ĭeFi applications are unique in the sense that they are permissionless and trustless, meaning that anyone with a supported wallet can interact with them without the need for a trusted middleman.
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