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bEarn.Finance (brief overview 2021)
Whether or not you’re familiar with cryptocurrency, this post will introduce you to a solid ‘de-fi’ platform with the potential for steady passive income growth. This platform or ‘de-fi ecosystem’ is bEarn Fi.
The boom in ‘decentralised finance’ continues, and bEarn.Finance is well placed to ride this trend, and adapt by introducing popular features.
The BFI token is the main crypto token for bEarn Finance, a project on the Binance Smart Chain and on Ethereum (BFIE token). It’s also currently expanding onto Polygon chain also with vaults and liquidity.
First thing, as an intended community-run project, you can stake BFI via smart contract, on the main staking section and start increasing your BFI. Staking income is derived across the bEarnFi ecosystem, where playing games or interacting with dapps and smart contracts incurs fees which are distributed partly to stakers.
There are also the bVaults and Farming where you can earn for providing liquidity for various bEarn ecosystem tokens, or on different de-fi platforms.
What else is going on?
You can read the main feature list here on its Medium blog. There is bLending where you can lend or borrow crypto for rewards or low interest rates, perhaps to invest more.