According to the whitepaper, BiFi (Bifrost Finance) is a DeFi platform built on Bifrost. Bifrost is a universal multichain middleware. This means it aims to bridge the gap between different blockchain networks. The platform seeks to provide lending and a trading platform. The platform attempts to create a decentralized financial infrastructure that connects all the markets. Further, the infrastructure aims to create new opportunities. The platform also claims to include an integrated development environment, operational tools, and security software.

According to the website, all the current decentralized finance services are limited to the Ethereum ecosystem. So, if a user seeks to trade in a digital asset that is not available on the Ethereum network, such a user can only do so by trading it through centralized finance. Such centralized finance comes with its liabilities and limits. Thus, BiFi came into the picture as it aims to support digital assets from different blockchain networks.

The primary function that the BiFi protocol provides is lending. The platform’s lending protocol aims to provide transparent yield rates and a smooth lending process for easy understanding of the user. The platform also offers a staking protocol. The users can stake their digital assets and earn staking rewards over time.

Bifrost Finance has its native cryptocurrency named as BiFi token. BIFI denotes the ticker name. The users who contribute and participate in the growth and maintenance of the platform are rewarded with the BIFI tokens. The BIFI token can be further traded on the platform for paying fees for decentralized finance products and services. Thus, the token serves as a governance token. This enables a holder of the BIFI token to have a vote share choosing the future of the platform.

The Bifrost Finance platform was launched in 2018. The platform’s whitepaper was released in December 2020. The founding team includes Dohyun Pak as the CEO, Jonghyup Lee as the CTO, and Changhyun Yoo as the COO. Along with them, Soso is the CMO of the platform.

We werken onze BiFi naar EUR valuta in realtime bij. Ontvang de actuele prijs van BiFi op Coinbase.

De huidige marktkapitalisatie van BiFi is € 243,157K. Een hoge marktkapitalisatie houdt in dat het activum zeer gewaardeerd wordt door de markt.

Het hoogste punt ooit van BiFi is € 268,82. Dit hoogste punt ooit is de hoogste prijs die is betaald voor BiFi sinds de lancering.

In de afgelopen 24 uur was het handelsvolume van BiFi € 7,978K.

Activa die een vergelijkbare marktkapitalisatie hebben als BiFi , zijn onder meer Nebula3 GameFi, Rocket Lab Tokenized Stock (Ondo), Green Satoshi Token (BSC) en vele anderen. Voor een volledige lijst, zie onze vergelijkbare marktkapitalisatie-activa.

Het huidige circulerende aanbod van BiFi is 482 miljoen.