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Is BIFI token just a reward token for lenders or

does the token have other uses? Curious as there is a lot of sell pressure and website wasn’t clear.

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What Is Bifrost (BFC)? Bifrost is a multichain middleware platform that enables developers to create Decentralized Applications (DApps) on top of multiple protocols. Not restrained to a single blockchain, Bifrost creates a new environment where developers can combine the best protocols to develop substantially more scalable and flexible DApps. With Bifrost, developers can write smart contracts for multiple blockchain protocols in an unified environment. They simply select the target blockchain for each part of the code, then Bifrost will transpile, compile, and deploy the code into the target blockchains at once. Developers can also easily operate their DApps and even switch the target blockchain as new and better protocols become available. What Is BiFi (BIFI)? BiFi (Bifrost Finance) is a multichain DeFi project powered by Bifrost's multichain technology. BiFi connects not only Ethereum based tokens, but also other tokens from different blockchains such as Bitcoin, Tron and Klaytn. BiFi will offer multichain wallet, lending, borrowing, and staking services, as well as yield farming rewards and other multichain investment products.

S-C Автор вопроса
Nishanth
What Is Bifrost (BFC)? Bifrost is a multichain mid...

What can you do with a bifi token? Any use for it?

S C
What can you do with a bifi token? Any use for it?

Bifi is a defi platform where users are rewarded with Bifi token for all the services in the platform and can be used as DAO. BIFI is the first platform using Bifrost multichain technology. More chains will be integrated and reward distribution system will be shared.

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