BIFI Price Today
The live Beefy Finance price today is $407.14 with a 24-hour trading volume of $7,652,780,316.47. Beefy Finance is 1.5% in the last 24 hours.The current MyToken ranking is #--,with a live market cap of $32,571,445.03. It has a circulating supply of 80,000 BIFI and a max supply of 80,000 BIFI.
What Is beefy.finance?
Beefy.finance is a Yield Optimizer. Taking advantage of Binance Smart Chain low fees, the project is able to programmatically automate actions to bring you better yield opportunities.
Beefy.Finance (BIFI), launched in 2020, is a yield optimization tool on the Binance Smart Chain that helps maximize the return from yield farming. Yield farming is the practice of staking or lending your crypto assets to a smart contract-based liquidity pool in order to generate returns or rewards.
The lender is known as the liquidity provider and the fund where the money is kept is known as the liquidity pool. Yield farming protocols incentivize the liquidity providers (LPs) to lock up their crypto assets in the liquidity pool.
These incentives can take the form of percentages of transaction fees, governance tokens, or interest from the lenders. Yield optimization is the usage of data analysis tools to maximize the performance of yield farming projects.
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