What is Beefy.Finance?
BIFI is the platform governance token for Beefy.Finance, a multichain yield aggregator and yield farming optimization protocol allowing users to earn auto compounding APY returns on liquidity tokens (LP) or single assets deposited to Beefy vaults, with a wide range of decentralized exchanges (DEX) LP pairs supported across multiple blockchain networks. Beefy vaults deploy algorithmic yield strategies to compound the deposited LP token by reinvesting reward tokens generated from the underlying LP. A small percentage of all vault profits are distributed back to users staking BIFI.
