BIFI: The governance token of Beefy Finance
BIFI is the native token of the Beefy Finance project. Beefy is an automated yield optimizer (Auto Compounder) that runs on multiple chains. In simple terms, it helps you automatically reinvest your earnings in DeFi, saving you from having to manually harvest, sell, and deposit every day.
The project launched in October 2020 and initially gained popularity on the Binance Smart Chain (BSC). It now supports over 20 chains, including Ethereum, Polygon, Arbitrum, Base, and Fantom. Using Beefy is super simple: you deposit LP tokens or single tokens into their Vault, and the system automatically finds the highest-yielding farms to reinvest, producing returns that are significantly higher than manual efforts.
The BIFI token is mainly used for governance voting, sharing platform fee distributions (30% of performance fees are used to buy back BIFI for holders), and staking for additional rewards. The total supply is fixed at 80,000 tokens, with the majority distributed to the community in the early years, and now most of it is in circulation.
By the end of 2025, the BIFI price is expected to be around $300-400, with a market cap of 20-30 million dollars. Liquidity is average, primarily traded on Beefy's own swap or PancakeSwap and Uniswap. The platform's TVL (Total Value Locked) usually ranks in the top 20 year-round, peaking over $2 billion. Even in the bear market, it maintains a few hundred million dollars, which is quite stable. The advantages are its user-friendly operation, wide cross-chain capabilities, and real yield distribution.
The drawbacks are that although the fees are low, gas fees can be painful during high network congestion, and there is a lot of competition. If you're too lazy to manage a DeFi farm every day, Beefy with some BIFI is a good choice. You can sit back and watch your earnings snowball. Check out the latest Vault yields at beefy.com before deciding whether to invest or not.
$BIFI
{spot}(BIFIUSDT)