BiFi Launches Lending and BiFi Rewards
BiFi ($BIFI) is the multichain DeFi platform powered by Bifrost’s ($BFC) multichain technology. BiFi connects not only Ethereum-based tokens, but also other tokens from different blockchains such as Bitcoin, Tron and Klaytn. Lending service allows users to deposit ERC-20 assets including ETH, USDT, LINK, DAI, and borrow against their deposit. The interest rates are determined solely by the market demand in a decentralized manner. To secure initial liquidity, BiFi Rewards Program will reward BiFi tokens anyone who deposits or borrows on BiFi.
Next week, BiFi Pooling & Staking service will also support BiFi tokens. Just like BFC Pooling & Staking, users can stake BiFi tokens or BiFi-ETH Uniswap LP tokens to earn even more BiFi tokens.
During Q1/Q2 of 2021, BiFi will expand to connect other blockchains like Ethereum, Klaytn, Tron, and ultimately Bitcoin. Bifrost Wallet, the first multichain wallet, will also be released to offer multichain transactions.
Details about BiFi Lending & Rewards Launch: http://bit.ly/2XhHuY3
BiFi Lending Service: https://bit.ly/2Ltx0C3
BiFi Rewards Program: https://bit.ly/393VE4C