BNB

Prime Price Action for Beefy Finance After Ethereum Expansion

by BSCN

November 7, 2022

The price of the Beefy Finance token spiked as high as 40% following the yield-optimizing protocol's expansion to Ethereum.

BIFI Token Spikes 40%

Where’s the beef? Well, now you can find it on 18 different blockchains, following Beefy Finance’s expansion to Ethereum last week.

Since the announcement, the price of $BIFI increased by 40%, before retreating, spiking again and - as of publication - standing at about $450 per token, which is 13% above the Nov. 4 price. During the week, the token’s trading volume rose from $1 million per day to, at one point, more than $35 million.

Wen #Ethereum?

Now. pic.twitter.com/2Jhdm7dqAI
— Beefy (@beefyfinance) November 4, 2022

Beefy Finance is a yield optimizer that, in addition to Ethereum, is on blockchains including BNB Chain, Polygon, Optimism, Fantom, Arbitrum, Avalanche, Moonbeam, Cronos, etc.

According to DefiLlama, the protocol has about $350 million in Total Value Locked.

Currently, Beefy Finance has 10 different Ethereum vaults, including the option of staking $BIFI to earn $WETH.

Move $BIFI cross-chain to #Ethereum on Beefy. Powered by @MultichainOrg.

Stake $BIFI and earn $ETH at 5.14% in Beefy's #EarningsPool. 👇 https://t.co/4zdKa7T2u8 $BIFI #ETH Contract Address 🐮https://t.co/kr85RL4Duk pic.twitter.com/UYK4KLpBUT
— Beefy (@beefyfinance) November 5, 2022

What is Beefy Finance:

Beefy Finance is a multi-chain yield optimizer on BNB Chain. Beefy is known for its high yields on its compounding interest for investors. It offers unique vaults for users to stake crypto tokens and earn high yields from their deposits.

Where to find Beefy Finance: