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| 1 Year | 5 Year | 5 Year Annualized | Since IPO | |
|---|---|---|---|---|
| BIFI | -53.8% | -92.86% | -41.01% | +880% |
| S&P | +11.79% | +73.73% | +11.67% | +100% |
Beefy is a decentralized yield optimization platform that streamlines yield farming across various blockchains through smart contracts. Designed to maximize returns while minimizing user effort, the platform is governed by its native token, BIFI. Holders of BIFI not only have voting power to influence governance decisions, like software updates and protocol changes, but also share in the platform's revenue. By staking their BIFI tokens, holders can participate in specialized vaults, such as the BIFI Maxi vault, and earn rewards in various forms of cryptocurrencies including ETH, BNB, FTM, MATIC, and AVAX. This dual functionality—governance and revenue-sharing—makes BIFI a versatile asset in the decentralized finance ecosystem. Beefy was founded by an anonymous collective of blockchain experts, identified by pseudonyms like @0xbeefy, @superbeefyboy, @sirbeefalot_bnb, and @roastyb1.
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