Beefy (BIFI)

Tokenomics & Utility

BIFI has a fixed supply of 80,000 tokens. The original distribution assigned 72,000 to the community and 8,000 to the founding team. Beefy states that the full supply had been distributed by July 2022. The Ethereum token contract introduced during the 2023 migration created the fixed supply at initialization and has no further minting function. (docs.beefy.finance)

The token’s first role is governance. Beefy’s voting system gives holders one vote per BIFI, including fractions of a token. Holders can vote while keeping BIFI in a wallet or depositing it in supported Beefy incentive products. Proposals allow the community to weigh choices such as changes to fees and funding for contributors. (docs.beefy.finance)

Its second role is participation in fee-funded incentives. Beefy takes a portion of rewards generated when vault strategies harvest profits. Those fees support several parts of the project, including its treasury, strategy developers, and BIFI incentive programs. The BIFI Pool distributes incentives in wrapped ether, while the BIFI Vault reinvests its incentives into more BIFI. These incentives come from protocol activity rather than the creation of additional BIFI tokens. (docs.beefy.finance)