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.

我們實時將 BiFi 更新為 USD 貨幣。在 Coinbase 上獲取 BiFi 的實時價格。

BiFi 目前的市值為 US$55.153万。高市值意味著資產受到市場的高度重視。

BiFi 的歷史最高紀錄是 US$315.15。這是自從 BiFi 推出以來的最高價格。

在過去 24 小時中，BiFi 的交易量為 US$3014.666。

與 BiFi 市值相似的資產包括 PirateCash, Retard Finder Coin, IMGN Labs 和許多其他資產。若要查看完整清單，請參閱我們的可比市值資產。

BiFi 目前的循環供應量為 4.9亿。