Beefy Escrowed Fantom (BEFTM) is a coin that offers users the opportunity to earn the highest APYs across 20 different chains, all while prioritizing safety and efficiency. By investing their tokens in Beefy single asset Vaults, users can stake their tokens on external, interest-bearing platforms. The interest earned is then used to purchase more of the asset and reinvested, with Beefy regularly and automatically repeating the process to save users time and fees. With a wide range of featured Vaults offering competitive APYs, users can explore and take advantage of various earning opportunities within the Beefy ecosystem.
BIFI is the native revenue-share and governance token for the Beefy Escrowed Fantom protocol. BIFI holders have the opportunity to earn additional BIFI tokens by staking their BIFI in Beefy Maxi vaults, which share in the platform’s revenue. Staking BIFI in BIFI Earnings Pools also rewards users with native tokens generated from the platform’s earnings. Additionally, BIFI token holders possess voting power in Beefy’s DAO through the Snapshot governance mechanism. With a fixed supply of 80,000 BIFI tokens, the protocol ensures control against token inflation.
Beefy Escrowed Fantom aims to provide a secure and flexible foundation for decentralized finance (DeFi) on the Canto blockchain. By offering liquid staking through the sCANTO protocol, Beefy unlocks flexible security for DeFi primitives. The protocol also collaborates with other platforms like RAILGUN and Trust Wallet to broaden users’ opportunities for yield generation and enhance security and privacy. With regular updates and a commitment to transparency, Beefy keeps users informed on the latest news, developments, and opportunities within the ecosystem through their website and media channels.
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