BiFARMS — Decentralized, Multi-Chain Yield Optimizer

LumBit
4 min readMar 8, 2022

Abstract

Yield farming protocol is a protocol that allows users to maximize their income from the various available vaults. Users will be able to maximize their income by compounding, namely with various investment strategies which will provide maximum income to users. This method is an innovative way because users will be able to maximize their assets in the easiest and most secure way like this. Users will be able to get according to the amount they stake, the more assets that are staked by users, the greater the reward they will get.

Introducing BiFARMS

Seeing that the development of the Defi sector has become increasingly significant in recent years has motivated BiFARMS to be able to present a Decentralized, Multi-Chain Yield Optimizer platform that will help users to get high income from their crypto assets by compounding. BiFARMS offers users the opportunity to maximize their income by participating in the various vaults available. Users will get maximum income from a set of investment strategies owned by BiFARMS easily and securely. And BiFARMS will not lock the assets staked by the users, so users can at any time withdraw their assets from the vault and it will not be restricted. Thus, users will be free to manage their assets without any intervention or third parties.

Features

BiFARMS has various features that are really needed by global users. BiFARMS features consist of DEX, multi-chain yield optimizer, liquidity providing pool, yield-farming protocol, staking program, tier-less ido launchpad.

Users will be able to maximize their rewards by participating in various vault liquidity pools, automated market making, and other yielding farming opportunities. BiFARMS will use a set of secured investment strategies that are secured by using smart contracts which will give maximum rewards to users. The solution offered by BiFARMS is something that users want because they will be able to stake their tokens and get rewards without having to bother to stake their assets again and again to get the maximum reward.

Here users will also find other Defi features such as DEX to IDO launchpad. With this Defi feature, users will be able to fulfill their various crypto needs such as swaps, liquidity, etc. Thus BiFARMS will become a decentralized platform that users can rely on for their various needs, not only for yield optimization but more than that, it will be a unique platform that is permissionless and trustless, which will allow users to perform various activities without worrying about intervention or third parties so that this will be a reliable and secure platform.

With multi-chain support, BiFARMS will support wider chains going forward. For now, BiFARMS supports chains such as BSC which offer speed and low fees for user transactions. However, in the future chains such as Huobi Eco Chain (HECO) and Avalanche will be supported by BiFARMS and this will add chain options for users.

Tokenomics

BFS is the native token of BiFARMS which will serve as a utility token that users can purchase from supported exchanges. Launched using the BSC protocol, users will be able to use this token for various things they want, such as for transactions, staking, etc. BFS is a token that will have an important role on the BiFARMS platform because it can be used by users for staking, liquidity or governance, and because it gives the price of this token an opportunity to increase in the future. So investing in this token is the best choice for crypto users.

Conclusion

To sum up, crypto users can maximize the rewards from their staking by using a yield optimizer platform that will use various strategies which will provide maximum rewards to users. And BiFARMS will be a platform that makes it easy for users to get maximum rewards from staking their tokens with a set of investment strategies that are secured by smart contracts. Users will be able to deposit, choose the vault they want, and get the most out of their participation. And with several other Defi features such as DEX to IDO launchpad, BiFARMS is confident that it will become a high-quality Multichain Yield Optimizer platform for global users.

Connect

WEB: https://bifarms.network/
TELEGRAM: https://t.me/bifarmsnetwork
TWITTER: https://twitter.com/bifarmsnetwork?s=09

Writer

BTT Username: lumbanrang
Telegram: @lumbanrang
BSC: 0x075b5E51a26Fff19EB0F0Ac3fd1d4eEc59a40997

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LumBit

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