What is beefy finance? Beefy Finance is a platform that allows 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. The 'Vaults' are the main product offered by Beefy Finance. The investment strategy tied to the specific vault will increase your deposited token amount by compounding arbitrary yield farm reward token back into your initial deposited asset. Defi applications are permissionless and trustless, meaning that anyone with a supported wallet can interact with them without the need for a middleman. What is it called? The holders of the revenue shares in Beefy Finance are entitled to vote on important platform decisions. The native governance token of Beefy Finance is $BIFI. You can either stake $BIFI or earn more in the revenue sharing mechanics.
Refer to the official Beefy Finance documentation for more details.