BiFi BSC — a Multichain DeFi project, built on BIFROST, a versatile multi-chain middleware. BiFi aims to create a decentralized financial infrastructure that connects all capital markets, currently isolated on each blockchain, and creates new products and services.
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About BiFi BSC
In its first iteration, BiFi offers decentralized lending and staking protocols on Ethereum and Binance Smart Chain. BiFi is not a fork of other protocols. It was built from the ground up to optimize volatility risk and gas reduction algorithms and offers the most competitive interest rates and collateral ratios on the market. The project has passed 3 external security audits.
Deposit BTC, borrow ETH. No wraps, no bridges. It also plans to release lending solutions, a multi-chain wallet and a multi-chain development package for other DeFi projects to expand the DeFi ecosystem.
How to work on the site:
| 1 | Open your account by clicking in the upper right corner and click on the Settings button, marked with a red square. |
| 2 | After clicking "Settings", click "Networks". Click Add Network to add BSC to MetaMask. |
| 3 | Add the BSC network, click Save to register the BSC in MetaMask. You can switch your network to the BSC Mainnet now. |
Lending service - a deposit and loan service, supported by Ethereum and BSC. Users receive interest by depositing assets, registered with the lending service, and can borrow other cryptocurrencies as collateral for the deposited assets to take various financial positions. Users can deposit assets to earn interest. After users deposit their assets, they can use their deposits as collateral to borrow another asset and open a position.
Additional information
BiFi uses Bifrost to provide multi-circuit capability and security. To create not only a scalable but also a secure platform, Bifrost implements multiple layers of solutions, offering proprietary message relaying and monitoring systems, including validation processes and third-party interoperability solutions. BiFi - the platform's currency. BiFi tokens are rewarded by users for using lending, pooling and staking services, and they become participants in the protocol.
Project tokens can be used in the following ways:
- Pay BiFi to use DeFi multi-chain services;
- place your bets and participate in the BiFi management system.
On the site, you will find an introductory document and WhitePaper. Thus, you will study the features of the project in more detail. Also, the community maintains social networks: twitter, blog, reddit. The site interface runs in English, Chinese and Japanese. Smart contract audit is available here.