Beefy (BIFI) Price

$122.32

15m

Beefy (BIFI) Price Today

The live price of Beefy is 122.32 USD. In the past 24 hours, the trading volume of Beefy was 503,494.76 USD, down by -2.37%. The current price has decreased by -5.43% from its 7-day high of 4,116.95 USD, and increased by 3.28% from its 7-day low of 118.83 USD. With a circulating supply of 80,000.00 Beefy, the market cap of Beefy is currently 15,051,179.00 USD, down by 0% in the last 24 hours. Beefy currently ranks #1204 by market capitalization among cryptocurrencies.

Beefy (BIFI) Market Data

Market Cap

$9.6M

24h Volume

$503.4K

Circulating Supply

80K BIFI

Maximum Supply

80K BIFI

Fully Diluted Market Cap

$9.6M

Liquidity Indicator

5.20%

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FAQ

About Beefy (BIFI)

How can I buy Beefy (BIFI)?

Buying Beefy (BIFI) on BingX is simple and secure. Create an account, deposit USDT or another supported asset, and purchase Beefy (BIFI) directly in the Spot Market. The tokens will then appear in your BingX Spot Wallet, ready for trading or transfer at anytime. Discover How to Buy BIFI Guide for more information.

What Is Beefy (BIFI) and How Does It Work?

Beefy Finance is a decentralized, multichain yield optimization protocol designed to help users earn higher returns on their crypto assets with minimal effort. Instead of manually managing yield-farming strategies across different DeFi platforms, Beefy automates the process, making DeFi more accessible to both beginners and advanced users. Its native token, BIFI, powers governance and value capture within the ecosystem.

Beefy works through vaults, which are smart contracts that pool user funds and deploy them into carefully selected DeFi strategies across multiple blockchains, including BNB Chain, Ethereum, Polygon, Arbitrum, and others. These vaults automatically harvest rewards, swap them, and reinvest them, enabling continuous compounding. By automating these steps, Beefy reduces gas costs, saves time, and optimizes yields compared to manual farming.

The BIFI token plays a central role in the protocol’s long-term sustainability. BIFI holders can participate in governance decisions, such as approving new strategies or protocol changes, and can also stake BIFI to earn a share of protocol revenue. With a fixed maximum supply of 80,000 tokens, BIFI is designed to be scarce, aligning token holder incentives with the growth and adoption of the Beefy ecosystem.

When Did Beefy Finance Launch?

Beefy Finance launched in September 2020, created by a team of four founders with the goal of bringing automated compounding yield strategies from Ethereum over to more cost-efficient chains like BNB Chain. The project’s first vaults went live on 8 October 2020, making it one of the earliest DeFi yield optimizers in the space and quickly gaining traction as TVL grew into the hundreds of millions. Over time, Beefy expanded across multiple chains and evolved into a decentralized autonomous organization (DAO) governed by its community via the BIFI governance token.

Beefy Finance Roadmap Highlights

- September 2020 – Project Launch: Beefy Finance was founded and introduced its initial auto-compounding yield optimizer vaults.

- October 2020 – First Vaults Live: First set of vaults activated on BNB Chain, establishing Beefy as a pioneer in automated yield optimization.

- 2021 – Governance & Expansion: BIFI token governance launched and Beefy expanded to additional blockchains including Avalanche, Fantom, and Polygon.

- 2022–2023 – Multichain Growth: Continued rollout across more chains, increasing total value locked (TVL) and vault strategies.

- 2024–2025 – Innovation and New Strategies: Beefy introduced concentrated liquidity management tools, Universal Governance Pool concepts, and broadened yield strategy offerings.

What Is the BIFI Token Utility?

BIFI is the native governance and utility token of the Beefy Finance ecosystem. It lets holders participate in protocol governance, giving them voting rights on key decisions like strategy deployment, fee parameters, and upgrades, with each token representing one vote. Staking BIFI also lets holders earn a share of the protocol’s revenue and rewards, as fees generated from vault performance are distributed back to stakers, aligning token incentives with the growth of the platform.

In addition to governance and revenue sharing, BIFI has limited supply utility: its fixed cap of 80,000 tokens creates built-in scarcity, which can influence market dynamics and demand among traders and long-term holders. The token can also be used as liquidity on exchanges or, in some cases, as collateral in DeFi protocols, expanding its practical use outside of the core Beefy ecosystem.

You can trade BIFI tokens on the BingX spot market by signing into your BingX account, navigating to the spot trading section, and searching for the BIFI/USDT trading pair. Once you choose how much BIFI you want to buy or sell, you can execute the trade with real-time price execution and take advantage of BingX’s liquidity and order types.

What Is Beefy Tokenomics?

Beefy Finance uses a deliberately simple and transparent tokenomics model. The BIFI token has a fixed total supply of 80,000, set at the time of deployment, with no ability to mint new tokens and no official burn mechanism. All BIFI tokens were fully distributed by July 2022, making the supply permanently capped and predictable.

Some BIFI is held by the Beefy Treasury for operational needs such as protocol-owned liquidity and legacy redemptions, but there are no plans or mechanisms to change the token’s functionality or expand the supply. This “no frills, no gimmicks” design means BIFI’s value is driven purely by governance participation and the growth of the Beefy protocol itself, without inflation or dilution risk.

Info Source

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Frequently Asked Questions about BIFI (Beefy)

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How Does Beefy Differ From Other DeFi Protocols?

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Disclaimer:

Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.

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