Isolated Lending Market for BIFI on Venus Mainnet

Summary:

Beefy proposes the addition of BIFI as collateral to Venus ETH market adding it to the Isolated lending market.

Background:

Beefy is The Trusted Yield Optimizer that helps users to safely and securely auto-compound yields on their crypto. Beefy’s cutting-edge web app delivers hundreds of DeFi yield opportunities from dozens of chains in a single, easy-to-use service.

Benefits:

Adding BIFI to Venus isolated markets will offer numerous advantages to both BIFI holders and Venus users. It will enhance liquidity and provide a wider range of investment choices.

Additionally, this move will bring Beefy users and Venus closer together, making Venus the primary platform for borrowing and lending BIFI.

Incentives:

  • The Beefy team will bootstrap the market with $30K USD worth of BIFI token’s.
  • Beefy will provide support from our social media reach and broad community.

Specifications:

  • Token Address:

0xb1f1ee126e9c96231cc3d3fad7c08b4cf873b1f1

  • Price Oracle:

https://pyth.network/price-feeds/crypto-bifi-usd

Liquidity:

BIFI is available for trading on Binance and has vast liquidity on ETH.

Also can be traded as MooBIFI (BIFI staked version) on optimism with 1.3M in liquidity.

Uniswap pool: 0xfba26c3f9c8ecef989def3c5c8ad037487462d83

Optimism pool: 0x6ed6df1c23c51cb7cc67a348cc8d9e6108ea3bfe

Docs:

Audits:

Social Media links:

Twitter:

https://twitter.com/beefyfinance

Telegram:

t.me/beefyfinance

Discord:

discord.gg/beefyfinance

4 Likes

Good idea. Hope Bifi will add Venus vaults on BNB and ETH chains.

bifi is a long time player in the market, so there will be demand for the token, I’m in favour.

Supported. We should just continue to ensure Chaos lab is doing their thing to ensure risk management.

Looking forward to see $BIFI on Venus <3

Good proposal!! We’re glad to cooperate with beefy!!
I hope BIFI can be put on the shelves of BSC and ethereum soon