• Average rating of 58% based on 8 reviews.
• Founded 2 years ago in 2021.
• Use anonymously. No KYC required.
• Decentralised exchange.
Beefy Finance is a Decentralized, Multi-Chain Yield Optimizer platform that was launched on September 21, 2020. Beefy Finance is a Decentralized Finance (DeFi) that supports multiple blockchains, including Ethereum, BNB Chain, HECO, Harmony, Optimism, Polygon, Fantom, Avalanche, Moonriver, Fuse, Metis, Kava, Cronos, Moo beam, Arbitrum, Emerald, Celo and Aurora.
To get started with Beefy Finance, you can visit the website and easily launch App and connect your wallet. After registration, you have a variety of options on the platform. For instance, if you search for stablecoin pools to see how much yield you can get on those, if you want to earn on your stable coins and then on some other tokens as well to see what yields you can get on your tokens, you can see different yields from different pools on the list. Those pools can be listed with respect to either security, APL, or any other interest. Token holders can choose what coins they actually want to hold by considering the list of LPs.
Vaults are the main products that the Beefy offers to users. Basically, vaults are strategies for yield farming that automatically optimizes the best yield farming with smart contracts. Beefy Finance provides the best yields from different Liquidity Pools (LPs), AMM, or other yield farming opportunities and increases the deposit funds. Without considering which liquidity pool (LP) or single asset is used, users get more assets than they have through compound interest. As a result, these vaults automate the best yield farming opportunities for the users. Mootokens are deposit funds that users earn as rewards in the vault system.
Another quality that Beefy Finance offers us is the Zap Transaction. This is a known fact that transactions are inevitable among the crypto chains. What makes Beefy Finance different from that transaction is to reduce many steps of changes into just one step. Instead of Manuel transactions which are complex and cause to consume a lot of percent yield, beefy does simply all of this with one click.
To talk about the tokenomics of Beefy Finance, $BIFI is the native and governance token in the Beefy protocol. BIFI tokens are used for staking, voting on the platform, and also transaction fees for vault transactions. There is a total supply limit of 80,000 tokens. 8,000 for the team and its protocols and the circulation supply is distributed as 72,000 BIFI. Beefy Finance has a market capitalization of $109.6 million. For the team, transparency is significant so the governance token distribution contracts are open to anyone. In the short history of BeefyFinance, there are no exploit or hack problems.
Beefy Finance supports over 100 currencies including Bitcoin, Tether, Cardano and Polygon.
|BUSD Binance USD||Binance USD|
|FXS Frax Share||Frax Share|
|WBNB Wrapped BNB||Wrapped BNB|
Beefy Finance's supports the following languages: English, Simplified Chinese and German.
|Automatic market maker||Yes|
|Crypto to crypto exchange||Yes|
|Peer to peer exchange||Yes|
|Instantly buy crypto with fiat||No|
|Integrated crypto wallet||No|
|Two factor authentication||No|
|Know your customer||No|
We always rank and compare products objectively and impartially.
We carefully research products for legitimacy before adding them to the platform.
We never sell or disclose your data to anyone.