Any opinions or estimates expressed herein reflect a judgment made as of this date and are subject to change without notice.The information contained in this website is based on sources considered to be reliable, but not guaranteed, to be accurate or complete.This website released by Binance Research is not related to the provision of advisory services regarding investment, tax, legal, financial, accounting, consulting, or any other related services and are not recommendations to buy, sell, or hold any asset. This content on this website has been prepared solely for informative purposes and should not be the basis for making investment decisions or be construed as a recommendation to engage in investment transactions or be taken to suggest an investment strategy in respect of any financial instruments or the issuers thereof.Please click here for more details of the token distribution.Īs of March 16th 2021, the total supply of BIFI is 80,000 and the current circulating supply is 95%. Rewards are regularly harvested, swapped for the original vault asset, and deposited again for compound farming.īarn of Trust: Barn of Trust provides users the opportunity to earn rewards in several dApp projects by staking TWT or BIFI in the vaults. Strategies: Vault strategies are modular smart contracts that tell the vaults what assets to farm, and where to sell the farmed assets. They automatically invest and reinvest deposited funds, which help to achieve high levels of compounded interest. Vaults: Vaults are investment instruments that employ a specific set of strategies for yield farming. The protocol consists of the following major components: Rewards are paid out in wBNB and BIFI respectively. Staking: A portion of the fees paid by Beefy.Finance yield farming vault users is distributed to BIFI token holders staked in the governance pool and the BIFI Maxi Vault. Users do not need to un-stake their tokens to participate in the voting process. Governance: By holding BIFI, either staked in the governance pool or BIFI Maxi Vault, users have the right to create proposals and votes. The platform is constantly exploring new methods to optimize strategies to secure the largest yields available.īIFI is the BEP-20 native governance token of the platform and has the following use cases: The platform helps investors to interact with various yield farming opportunities, without having to constantly review and manually execute their investment strategy. Beefy.Finance is a yield farming optimizer on Binance Smart Chain which automates investment strategies utilizing liquidity pools.
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