CryptoQuestion Project Review — Beefy.Finance (BIFI)

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Overview

Beefy Finance is a Decentralized Finance (DeFi) Yield Optimizer platform that allows its users to earn compound interest on their holdings.

Through a set of investment strategies secured and enforced by smart contracts, Beefy Finance automatically maximizes the user rewards from various liquidity pools (LPs),‌ ‌automated market making (AMM) projects,‌ ‌and‌ ‌other yield‌ farming ‌opportunities in the DeFi ecosystem.

For all the vaults deployed on every blockchain, Beefy Finance has its native governance token BIFI at its core. Platform revenue is generated from a small percentage of all the vault profits and distributed back to those who stake BIFI.

Mechanics

There are lots of farms to choose from across several blockchains. Beefy automates and optimizes different investment strategies, allowing token holders to benefit from the upside of complex farming protocols. Users can also request new vaults directly from Beefy’s developers.