What is Beefy (BIFI)?
$BIFI tokens are ‘dividend-eligible’ revenue shares in Beefy Finance, through which holders earn profits generated by Beefy Finance and are entitled to vote on important platform decisions. Beefy Finance is a Decentralized Finance (DeFi) Yield Optimizer platform that allows its users to earn compound interest on their holdings. DeFi applications are unique in the sense that they are permissionless and trustless, meaning that anyone with a supported wallet can interact with them without the need for a trusted middleman.
How does Beefy work?
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.
What is Beefy used for?
Beefy Finance is a supported partner of Binance’s official decentralized wallet, Trust Wallet, and audited by Certik to guarantee the robustness of deployed smart contracts. Certik has already provided audits for such projects as Ocean Protocol, NEO, Ontology, and Waves. The supply of $BIFI is limited at 80,000 tokens and available on the top decentralized exchanges such as Binance, 1inchexchange and PancakeSwap. What is $BIFI? $BIFI is the native governance token of Beefy Finance. $BIFI Tokens can be staked on the Beefy platform to gain rewards and interest.
Where can you buy Beefy?
Beefy (BIFI) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for BIFI sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
You can open the Markets section above to see the live list of exchanges quoting BIFI, sorted by 24-hour volume. Each row links to the venue's trade page so you can go directly from research to execution without copying the ticker around by hand.
What is the daily trading volume of Beefy (BIFI)?
The reported 24-hour trading volume of Beefy is $7.37K. Volume is a live reading of how much BIFI changed hands across all tracked exchanges in the past day and tends to rise during periods of price discovery and fall during consolidation.
For traders, the ratio between volume and market cap is often more informative than either number on its own: a high vol-to-mcap ratio indicates liquid, actively traded supply, while a low ratio suggests that most holders are sitting on the asset.
What is the highest and lowest price for Beefy (BIFI)?
Beefy reached an all-time high of $4,116.95 on March 16, 2021, and an all-time low of $3.28 on October 14, 2020. It is currently trading -98.75% from its peak and +1461.76% from its bottom.
The distance from ATH is a useful gauge of recovery potential during a bear market and of stretched positioning during a bull market. Combined with the all-time-low figure it provides a quick statistical frame for thinking about where BIFI sits in its long-run price range.
What is the market cap of Beefy (BIFI)?
Beefy's market capitalization is currently $4.10M, and it is ranked #1850 by market cap on Cryptopricing. Market cap is calculated as the current price multiplied by the circulating supply (80.00 thousand BIFI are actively circulating today).
Market cap is a common but imperfect measure. It reflects the theoretical value of every circulating token at the current market price, but it doesn't capture how thin the top of the order book might be - an important caveat for tokens with low floats or illiquid cap tables.
What is the fully diluted valuation of Beefy (BIFI)?
The fully diluted valuation (FDV) of Beefy is $4.10M. FDV is a projection of what the market cap would be if every token that will ever exist - including those that have not yet been unlocked, mined or issued - were in circulation at the current price.
FDV is a useful second reading alongside market cap. A large gap between mcap and FDV signals that future token emissions could dilute current holders, while a small gap indicates that supply is already mostly out.
How does the price performance of Beefy compare against its peers?
Over the past 24 hours, Beefy has moved +0.38%. Over the past seven days, the change is -0.41%. Comparing these figures to the global crypto market cap change (shown in the ticker at the top of this page) tells you whether BIFI is leading, lagging or tracking the broader market.
For deeper analysis, the categories strip on the home page groups coins by theme - Layer 1, Meme, DePIN, AI, RWA and so on - and lets you compare Beefy against its closest peers. The category detail pages surface the underlying coins and their seven-day sparklines in a single view.
How to store Beefy?
Like any crypto asset, the right way to store BIFI depends on how often you plan to use it. Long-term holders typically self-custody using a hardware wallet such as Ledger or Trezor, which keeps private keys offline and immune to most remote attacks.
For active traders, a reputable custodial exchange wallet can be appropriate, especially one with clear proof-of-reserves attestations. Whatever approach you choose, the most important rule is to keep your recovery phrase offline, never share it, and never enter it into a web form or attached to a DM - no legitimate support agent will ever ask for it.
