BiFi Review 2021: A Promising Innovation Solving Fundamental Societal Challenges of Cefi

Marius Bogdan Dinu • May 3, 2021

Although the blockchain and cryptocurrency industries are still relatively young, no one can doubt that they are full of potentials. They offer almost endless possibilities, and evidently, they are revolutionizing nearly every industry out there. Even at that, the most exciting thing is we’ve barely scratched the surface.

As the DeFi has been rapidly gaining traction over the past few years, we witness a vast range of new possibilities every month. More and more people are now locking their values in the DeFi protocols, and several innovative technologies are coming into existence. Indeed, the BiFi token holders will not miss out on the versatile functionality this ecosystem has to offer.

In case you are still wondering whether or not to give BiFi a trial, you’ll definitely have no doubt anymore at the end of this review.

What is BiFi?

Simply put, BiFi is one of the most comprehensive, transparent, and flexible platforms you can find out there in the DeFi space. It is a platform that allows its users to lend, save, and invest in multiple digital assets — Tether, Ethereum, and even BTC inclusive.

In short, BiFI is a platform that offers three primary services; lending, pooling, and staking. You can deposit the BEP-20 and ERC-20 assets which can serve as collateral for you to borrow more assets. At the same time, you also decide to become a liquidity provider for BiFi-ETH and BFC-ETH pool on Uniswap and stake LP tokens. Also, you may stake BFC tokens on this platform and more.

BiFi is a project powered by Bifrost multichain technology. It promises to serve as a platform that facilitates interoperability and connects any blockchain to another blockchain. As mentioned before, its capabilities are not limited to the Ethereum ecosystem; it is an innovation that can easily connect the ETH network to BTC, Binance smart chain, Klatyn, TRON, Polkadot, among others.

Although ETH is already as significant as it is, of course, the entire cryptocurrency industry is significantly bigger. BiFi services as a medium to connect the industry into a network through multichain connectivity. Thus, with this innovation, the decentralized ecosystem would no longer be tied to ETH only. In essence, BiFi is quite a promising innovation, as obviously, it is walking through the paths of solving the fundamental societal challenges of CeFi.

This project is earnest about revolutionizing and transforming the cryptocurrency and blockchain industry into the best versions they can be. And evidently, more people are aligning with the innovation, as we can see in the partnerships with multiple reputable stakeholders in the industry, such as Chainlink, Tokamak, among others. So it’s definitely one you might want to give a trial.

Features and Options

Lending protocol

The BiFi lending protocol unveils a universe of open financial applications with its algorithmic and autonomous money market protocols. The principal objective of any DeFi lending platform is to offer loans in the form of digital assets and a trustless manner i.e., without a need for intermediaries. As a user, you can enlist your crypto coins on the platform primarily for lending purposes. And affirmatively, BiFi is doing this pretty fine.

The most common approach to lending in the crypto space is peer-to-peer. However, BiFi is taking a step away from the norms with its pool-based approach. This approach is a proven technique to improve liquidity, ensure transparency in interest rates, minimize risks and handle the entire lending process without needing a counterparty. As mentioned before, this approach will eventually let users deposit the assets of a particular blockchain and borrow another, all these in the absence of a centralized intermediary.

BiFi interest rates are pretty reasonable and transparent. It determines this via a set of algorithms using the relevant asset’s demand and supply. Provided that that asset’s market deposit increases, then the interest rate will go down. This makes borrowing more beneficial for you. Again, if the amounts borrowed increase, the interest rate goes up. Thus, the rates are one of the best you can find in the market today.

Deposits on BiFi

Anytime you deposit your assets to the lending protocol, BiFi aggregates it into a pool where others may borrow. Any asset you deposit will keep generating interests according to its interest rate determined by demand and supply. In contrast to p2p pending, you can withdraw your assets anytime you deem fit. Besides, this also works similarly to traditional banks as you can earn interest on your idle assets while taking almost no risk.

Borrowing

Once you deposit your assets, you can also use them as collateral to borrow another asset. Sounds interesting, right? Like deposits, any asset you borrow accrue interest according to the interest rates determined by the market demand-supply. Again, another thing that differentiates this approach from p2p lending is this collateralized method lets the users borrow funds without specifying some terms, such as the maturity date.

The platform calculates your collateral ratio to determine the amount you can borrow with your deposit. For instance, if you deposit an asset worth $100, with an 80% collateral ratio, you can only borrow up to $80. This implies that you cannot borrow more or withdraw deposits if it makes the collateral value exceeds this ratio. However, if you still want to borrow more, you must deposit more or repay the previously acquired loans to lower the ratio.

As this collateral borrowing signifies, you will agree that it is a smart approach to borrowing. Besides, it also gives way for more financial flexibility for individuals and strategies for cryptocurrency traders. For instance, if, as an individual, you wish to hold USDT but need ETH for some purposes in the short term, this platform enables you to borrow ETH while using your USDT as collateral. On the other hand, suppose you are a long-term trader, there are also strategies you can adopt to get the best of your digital currency.

BiFi staking protocol

Over the years, staking cryptocurrency has become a well-received method among crypto investors to earn some interest in their assets. With this approach, you can lock up your digital assets by staking it. It is a means of contributing to the growth and maintenance of the platform, as low liquidity may ultimately denote instability.

The staking protocol creates a liquidity pool that proportionately distributes pools of staked earned rewards to the stakers/liquidity providers. You can sell these rewards for a financial profit or use them as payments for the multichain DeFi products and services.

As a staker, your asset will be the foundation for setting up a decentralized exchange, which allows the automated trading of various cryptocurrencies. With this process, you should be rest assured of safety. Unlike the centralized, you can carry out the whole operations without a third party, hence, eliminating associated risks, such as wash trading, hacking, and fraud.

The Token: BiFi, And Its Use Cases

BIFI token is BiFi’s governance token. As a holder of the BIFI token, you have the right to vote on proposals to improve their services. Besides, you will also be able to use this token for several financial activities such as insurance, trading, and investment. The token will also serve as a fee whenever you use the multichain services. Because the platform is built on the multichain middleware platform, Bifrost, it must pay a particular amount of BFC (Bifrost Token) when using Bifrost.

How Can You Earn BIFI?

There are three primary approaches to earning BIFI tokens:

1. Earn them by staking (BFC) or liquidity pool mining (BFC/ETH) on BiFi

2. Earn as an incentive for using the service lending (deposit, borrow), staking (BFC), pooling (BFC/ETH or BiFi-ETH), which is a reward for its service users who lend or borrow assets.

3. Buy BiFi tokens on exchanges

Where Can You Buy BIFI?

BiFi has listed its token on multiple crypto exchanges. However, unlike several other main crypto assets, you cannot directly purchase them. You need to do so via exchanges. This token is available on several major exchanges like Uniswap, gate.io, among others.

How Does BiFi Work?

In essence, BiFi allows you to deposit your digital assets and get reasonable interest rates than the traditional bank. As it is in the DeFi space, it will enable you to borrow cryptocurrencies instantaneously and repay interests on the loaned assets with the corresponding crypto coin.

You get to generate interest in several ways. For instance, you may decide to deposit USDT and use it as collateral to borrow ETH. You can also use the borrowed ETH to borrow more and more assets, using them as collateral. Going about this process multiple times is called yield farming, which helps you leverage your initial capital several times to get a higher return if you look at the long term. Meanwhile, you are still earning interest on your deposited USDT. Besides these, as mentioned earlier, you may also earn tokens as a return of your investment on staking, pooling, and lending.

Why BiFi?

The DeFi space today exists as fragments. The services are available on multiple block chains, like Binance Smart Chain, Avalanche, and Ethereum. However, one primary issue is that they cannot interoperate between them. Powered by Bifrost multichain technology, BiFi is here to give you the best of all worlds. You can use multiple coins and tokens from various blockchain and protocols on it. Through this blockchain interconnectivity, BiFi tends to significantly reduce gas fees while improving accessibility and extending the ecosystem reach to make more innovative financial products available to more individuals. Besides, you get to enjoy the benefits offered by the blockchain integrated into the multichain. For instance, Ethereum provides security and reliability, while BSC provides high performance and cheap transaction fees. Now imagine getting the best of both worlds in an innovation. Interesting!

One of the significant issues facing the blockchain space today is security. We keep hearing and seeing more news about successful hacking attempts on various platforms. In essence, frauds and hacks have significantly tainted the ecosystem. However, BiFi has a team of professionals, like researchers, hackers, and security experts, who can maintain the maximum security standard and ensure that your assets are safe. So, with BiFi, there is no cause for alarm; you can securely put your assets to work. With the range of benefits and incentives BiFi has to offer, you should undoubtedly want to give it a chance.

Getting Started on BiFi

BiFi aims to connect every blockchain to create one uniform and coherent financial ecosystem. Gradually, it might even still extend the reach of its financial services to funds, insurance, derivatives and make an absolutely new set of DeFi services and products.

On exploring the features and options available on BiFi, alongside the benefits it has to offer, if you believe its vision aligns with your goal, you may want to give it a trial. Here’s how to get started.

Check out the BiFi guide here: https://docs.bifi.finance/guide/

*All content on this site is information of a general nature and does not constitute professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information from the article before making any decisions based on the information in the article.

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Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.

Bitcoin to $1 Million: The Future of Wealth Creation Through Mining

By press release • May 2, 2025

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Polana Launches AI-Driven DeFi Platform and Starts POLAI Token ICO/Presale

By press release • May 2, 2025

Polana Labs (POLAI) , an AI-powered DeFi platform, has officially launched, boasting automated, AI-driven investment tools that help users optimize their crypto portfolios. Simultaneously with its launch, Polana kicked off the ICO/presale for its native token, POLAI, marking a potentially pivotal moment in DeFi history. Polana Labs is at the intersection of artificial intelligence (AI) and decentralized finance (DeFi). The platform integrates several AI-driven tools that provide traders better market analyses, predictions, and investment strategies. The platform's cutting-edge AI also enhances risk management. These features help users make better-informed decisions and maximize their portfolios' potential despite the market's renowned volatility. Polana stands apart from other DeFi platforms through its user-friendly approach, drastically reducing entry barriers for new users. Beginners and seasoned investors can rely on the platform for easy and smooth navigation, an intuitive dashboard, and seamless interaction with Polana’s AI tools. Polana prioritizes security to deliver all users a safe and transparent crypto experience. To this end, all the transactions and smart contracts executed via the platform are fully auditable on the blockchain. In fact, Polana has had its smart contract audited by Solidproof , one of the industry’s top auditors. Also, the POLAI token has been audited by Coinsult . POLAI is a DeFi token and the backbone of Polana Labs’ rapidly evolving ecosystem. The token leverages AI to improve and automate DeFi solutions for all traders, regardless of skills or experience. Holding POLAI tokens involves several perks and benefits, such as: Governance powers POLAI token holders have a say in the decision-making process that guides the platform’s development. Rewards POLAI token holders can access rewards by participating in liquidity pools, staking, and using the platform’s AI-powered tools. Transaction fees POLAI holders can save on transaction costs within the Polana ecosystem as the token will be used to pay transaction fees. The team has set a fixed supply of 1,000,000,000 POLAI tokens distributed as follows: Presale - 30% Staking rewards - 20% Liquidity pool - 15% Marketing & partnerships - 15% Development Fund and Community Rewards - 10% Team & Advisors - 10% The ICO/presale for the POLAI token will start on May 5. The presale countdown is live until then, but interested investors can still purchase the token before the countdown ends. This presale event is part of the first development phase in the Polana Labs roadmap. The project has three more phases planned to be completed in 2025 and another one for 2026 and beyond. Some of Polana Labs’ most ambitious goals include: Integrating AI-powered tools to help users make smarter investment decisions. Introducing staking rewards for POLAI token holders. Expanding AI models for more advanced trading strategies and automation. Releasing the Polana Labs mobile application. Growing the Polana community by expanding marketing efforts globally and forming new strategic partnerships. Exploring new AI-driven DeFi features like liquidity mining, yield farming, and more. Expanding the platform's reach by adding new blockchain networks for greater scalability. About Polana Labs Polana Labs is a new DeFi platform that aims to revolutionize decentralized finance via innovative AI-powered solutions. The platform's user-centric approach is visible in its ease of use and automated strategies, which help new and expert traders make smarter investments. Ultimately, Polana Labs is contributing to a safer and more transparent DeFi future through its use of unparalleled security standards . Join the $POLAI token presale here . For ongoing updates and community engagement, follow Polana Labs on its website , X (formerly Twitter) , and Telegram .

DelNorte Partners with Brazilian Government to Launch Landmark Data Tokenization Project and Release DTV Token

By press release • April 30, 2025

Miami, FL. In a transformative step toward modernizing public data management, DelNorte has partnered with the government of Brazil to launch a pioneering data tokenization program in Rondônia . This initiative marks the official debut of the DTV Token , the core digital asset powering DelNorte’s Terra Vision ecosystem — a blockchain-based CRM platform with full government endorsement for digitizing, tokenizing, and securing all government data and transactions. With deployments already active in Mexico , Honduras , and El Salvador , DelNorte is the only tokenization customer relationship management platform operating across four Latin American nations, supported by blockchain networks like Ethereum, NEAR, Polygon, and Partisia, and backed by collaborators including Coldwell Banker, Novotel, Valkary, and Farcana. “This is real, working technology addressing trillion-dollar challenges,” says Anton Glotser, Co- Founder & CEO . “We’re not just imagining a future of secure, automated government data — we’re building it, hand-in-hand with governments ready for change.” The Vision: Automating and Securing All Government Data. DelNorte’s mission is to digitize and tokenize all government data — from land titles to IDs , licenses , and public records — with a long-term goal of automating and securing every government transaction on the blockchain. By leveraging AI and blockchain, DelNorte’s Terra Vision platform ensures transparency, efficiency, and tamper-proof security, transforming how governments and citizens interact with critical data. This initiative empowers economic inclusion by turning undocumented assets and identities into verifiable, active capital. The Founders Driving Change: Anton Glotser , a serial entrepreneur with over 20 ventures, is the visionary behind Terra Vision. His focus is on creating infrastructure that revolutionizes government data management and unlocks economic opportunities for billions. Jud Ireland , Co-Founder, brings expertise in real estate and a passion for solving global challenges. “Over 70% of critical assets, like land, lack formal documentation,” Ireland explains. “We’re changing that by digitizing and securing all government data, creating pathways to economic empowerment.” What Is the DTV Token? The DTV Token is the utility backbone of the Terra Vision platform, enabling: • Secure payments for access to digitized government records Staking to enhance network security Governance participation in platform evolution Access to a digital government service hub (e.g., smart contracts for IDs, licenses, deeds, and more) Key Details: Token Launch: April 30, 2025 Where to Buy: Multiple launchpads — see pinned post at x.com/delnorte_io Also Listed On: MEXC Use Cases: Identity verification, secure data transfers, staking, governance, and access to certified digital records In a transformative step toward modernizing public data management, DelNorte has partnered with the government of Brazil to launch a pioneering data tokenization program in Rondônia. This initiative marks the official debut of the DTV Token, the core digital asset powering DelNorte’s Terra Vision ecosystem — a blockchain-based CRM platform with full government endorsement for digitizing, tokenizing, and securing all government data and transactions. The DTV Token will be available through multiple launchpads (details in the pinned post at x.com/delnorte_io) and is officially listed on MEXC, making it accessible to a global audience ready to participate in a new era of trusted digital infrastructure. Global Expansion: With Brazil now onboard, DelNorte is scaling its government-backed programs across Colombia, Costa Rica, Panama, Argentina, Ireland, Guatemala, Cyprus, the Philippines, and beyond. Each partnership advances the shift toward secure, digitized, and automated public data systems. About DelNorte: DelNorte is a blockchain infrastructure company dedicated to closing legal, economic, and technological gaps worldwide. Founded by Anton Glotser and Jud Ireland, DelNorte builds certified systems to securely digitize and tokenize government data, enabling billions to participate in the global economy. Learn More & Join the Movement: Website: https://delnorte.io Linktree: linktr.ee/DTVT X: @delnorte_io | Telegram: t.me/Delnorte_io | Demo: demo.delnorte.io • Press Contact: Rocio Botero | info@latinolive.net

Choosing the Right Bitcoin Mining App

By press release • April 28, 2025

Bitcoin has grown from a fringe technological curiosity into a major financial asset, and at the heart of its ecosystem lies one of its most powerful mechanisms: mining. But while mining was once the domain of tech-savvy enthusiasts with custom-built rigs, it has now become increasingly accessible to anyone with a smartphone. For those wondering how to mine Bitcoin or is mining bitcoin profitable in today’s world, the answer might just lie in the palm of their hands. How Bitcoin Mining Works Bitcoin mining is the process by which new bitcoins are entered into circulation and transactions are verified and added to the blockchain. Miners solve complex cryptographic puzzles to validate blocks of transactions. The first one to solve it gets rewarded with newly minted Bitcoins and transaction fees. This system ensures network security and maintains the decentralized nature of Bitcoin. In the past, mining required expensive hardware (like ASICs), constant energy consumption, and deep technical know-how. But recent innovations have given rise to mobile-friendly methods that offer alternative ways to participate in the mining ecosystem. Methods of Bitcoin Mining via Mobile Apps Cloud Mining: This method allows users to rent mining hardware hosted in remote data centers. Users lease a portion of mining power (hash rate) and earn a share of the mined Bitcoin. Many cloud mining platforms offer apps to monitor earnings. However, some cloud mining services have been criticized for a lack of transparency and reliability. Mobile Mining: These apps claim to mine Bitcoin directly from your phone by using its CPU or GPU. However, due to limited processing power, energy inefficiency, and wear on devices, mobile mining is generally inefficient and mostly unprofitable. Many apps in this category are more simulations than real mining tools. Digital Mining: A more advanced alternative, digital mining involves owning hash power tied to real-world mining hardware, without ever having to manage physical equipment. Through platforms like GoMining, users buy digital miners via mobile apps and earn daily Bitcoin rewards based on their virtual miner's hash power. This approach bridges real mining infrastructure with digital convenience. How to Choose a Bitcoin Mining App Selecting the best Bitcoin mining app requires careful research. Here are some key things to consider: Transparency: Make sure the bitcoin mining app provides clear information about how it works, what kind of rewards you can expect, and how mining is executed. Legitimacy: Check for user reviews, community feedback, and platform transparency. If an app promises sky-high returns with no effort, it might be a scam. Ease of Use: A good crypto mining app should be user-friendly, with intuitive navigation and helpful features such as dashboards, tutorials, and support. It’s a plus, if the app is easy for newcomers. Performance Tools: Features like a built-in crypto mining calculator help users estimate potential rewards based on input variables like hash power and token holdings. Cross-Platform Compatibility: Look for apps that work across multiple devices, including a Bitcoin mining app for Android and other mobile platforms. Ecosystem Support: Some apps go beyond mining, offering gamified tasks, referral bonuses, or access to early crypto project launches. What to Avoid Unrealistic Promises: If it sounds too good to be true, it probably is. Avoid apps guaranteeing huge returns in short periods. Poor Reviews or Lack of Information: A quick search should reveal whether the app is legitimate or has issues. Fake Mining Games: Many apps posing as " mining games " only simulate mining activity without any real payouts. Lack of Contact Info or Support: A legit app should have accessible customer service and a traceable company behind it. GoMining: A Hybrid Platform with Real Mining Power One of the most talked-about platforms in the digital mining space is GoMining. Designed to simplify access to real Bitcoin mining, GoMining lets users buy digital miners linked to physical mining hardware in professional data centers. Unlike typical cloud services, GoMining provides full transparency and offers real-time mining rewards, tracked directly in the app. It's not just a bitcoin mining app, it's a fully-fledged crypto mining ecosystem that includes: A user-friendly interface is available as an app for both Android and iOS, and as a desktop version. Tools like a calculator and the dashboard are used to estimate your earnings. Additionally, there are options to upgrade your miners and interact with your farm within the app. The GOMINING token is the native token of the ecosystem. It fulfills several purposes, among which is the option to pay for maintenance with a discount of up to 20%. The GOMINING token can also be used to gain access to voting and locked presales of Bitcoin projects on the launchpad. Giveaways, airdrops, and other perks help to enhance earning potential. Two mining modes include Solo mining and Miner Wars, a clan-based game. Whether you're a beginner or an experienced user, GoMining simplifies the process while maintaining real earning opportunities. It's widely discussed in positive GoMining app reviews and seen as one of the best Bitcoin mining app options available. Final Thoughts So, is Bitcoin mining profitable in 2025? The answer depends on your approach. Traditional methods may no longer be accessible to everyday users, but new technologies and platforms like GoMining offer modern, user-friendly alternatives. With the right research and a smart strategy, mining Bitcoin via apps can still be profitable, especially when using platforms designed for transparency, scalability, and long-term growth. If you're exploring Bitcoin mining apps , look for legitimacy, user trust, and real-world connections to mining infrastructure. Digital mining through trusted platforms offers a fresh way to participate in the Bitcoin economy, one that doesn’t require cables, coding, or constant maintenance. As the industry evolves, the tools we use must evolve too. Choosing the right app could make all the difference between a missed opportunity and a new stream of crypto income. The main thing to remember is that every user should do thorough research before committing to one app. There’s a reason DYOR (do your own research) is the motto of the most successful crypto traders and experts.