Beefy Finance Crypto Platform

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.

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