Staked BIFIPrice

(MOOBIFI)

mooBIFI is the receipt token, or "mooToken," received when you deposit BIFI into the BIFI Maxi Vault on Beefy Finance. It represents your proportional share of the BIFI held in that vault. Unlike a standard reward token, mooBIFI functions as an interest-bearing receipt. While regular BIFI is a governance token that may sit idle in a wallet, mooBIFI is BIFI put to work, actively accruing value from protocol revenue generated across the ecosystem.

The primary difference lies in how rewards are distributed and handled. With mooBIFI (BIFI Maxi), rewards are automatically used to purchase more BIFI, which is then added back into the vault, causing your mooBIFI to represent more BIFI over time. In contrast, rBIFI (BIFI Pool) earns rewards in native gas tokens like ETH. These rewards must be manually claimed by the user, whereas mooBIFI handles the compounding process automatically.

The value increases because the vault utilizes an auto-compounding mechanism. The protocol collects performance fees from various vaults, buys BIFI on the open market, and adds it to the Maxi vault. Because the amount of BIFI in the vault grows while the supply of mooBIFI remains the same, each mooBIFI token represents an increasingly larger claim on the underlying BIFI. This is why 1 mooBIFI is typically worth more than 1 BIFI.

Unlike rebase tokens that change in quantity, the number of mooBIFI tokens in your wallet stays constant. Your profit is reflected in the exchange rate between mooBIFI and BIFI. To see your earnings, you can check the platform's dashboard or use popular third-party portfolio trackers. When you eventually withdraw your tokens, the protocol burns the mooBIFI and returns your original principal plus all the accrued BIFI interest.

Yes, mooBIFI is a liquid ERC-20 token. It can be bridged to various low-fee chains like Optimism or Base using a dedicated token bridge, allowing users to hold the yield-bearing version of the token without high gas costs. While it can technically be swapped on supported decentralized exchanges, it is generally recommended to withdraw directly through the official platform to ensure you receive the full calculated value of your principal and accumulated interest.

The BIFI token and the vault contracts that issue mooBIFI have undergone multiple audits by reputable security firms to ensure code integrity. The smart contracts are also open-source and verifiable on block explorers. However, users must treat mooBIFI tokens with extreme care; the token serves as the physical "key" to your deposit. If you lose access to the wallet holding mooBIFI, or send them to an incorrect address, the underlying staked BIFI cannot be recovered.