Beefy Finance Overview

What is Beefy Finance?

Beefy Finance is a decentralized, multi-chain yield optimizer platform that allows its users to earn compound interest on their cryptocurrency investments. By deploying users' assets into various liquidity pools and farming strategies, Beefy Finance automatically maximizes the potential returns of those investments and auto compounds the rewards earned.

Main Features
Transparency of each vault's strategy
Stake tokens in Beefy single asset Vaults
Automatic reinvestment of interest
Multiple networks compatibility
Earn BIFI by staking BIFI in Beefy Maxi vaults

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Frequently asked questions

Beefy supports at least 22 chains.

The native token of Beefy is BIFI.

Beefy Finance earns interest on staked tokens by employing automated yield farming strategies. When users stake their tokens in Beefy Finance vaults, these tokens are deployed into various liquidity pools and decentralized finance (DeFi) protocols across multiple blockchains. Through these protocols, the staked tokens are used to provide liquidity, participate in lending, or engage in other yield-generating activities. The returns generated from these activities are then compounded back into the pool, maximizing the interest earnings over time.

To earn BIFI, you can stake your BIFI tokens in Beefy Maxi vaults, which allows BIFI holders to share in the platform's revenue. Additionally, you can stake your BIFI in BIFI Earnings Pools, which rewards you with native tokens from the platform's earnings. Your BIFI tokens also give you voting power in Beefy's DAO through the Snapshot governance mechanism. It's important to note that BIFI has a fixed supply of 80,000 tokens to control against token inflation.

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