BIFROST
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BIFROST

💫 $100,000 BFC Prize Pool — Use BiFi, Earn BFC

Win Up to 1% of Your Deposits in BFC

Dear Bifrost and BiFi community,

Are you ready to boost up your investing rewards? We assure you, you’re in the right place! Today, we’re thrilled to announce our Grand $100,000 BFC Prize Pool Event!

Calling on all yield farmers, investors, traders, and DeFi beginners… this is YOUR chance to try out BiFi and max out your rewards!

Event Details

  • $100,000 BFC Prize Pool — Make a deposit in BiFi (Lending, Pooling, or Staking) to WIN UP TO 1% from the total prize pool
  • First-come, First-served Event starts NOW until April 15th, until $100,000 runs out. Earlier you deposit, the better chance you’ll win!
  • Unlimited Rewards — There is no maximum on BFC rewards! Deposit on any or all three of BiFi services and you can earn up to 1% (That’s 8% APY if you meet the event requirement of 45 days, AND you get the usual interest and BiFi rewards on top of that!)
  • Event Submission Form — Submit all your deposit transaction hash by April 15, 2021. Then just sit back knowing you’re making money!

By participating in this event, you can earn:

  1. Interest on your deposits (Deposit APY)
  2. BiFi tokens (Average 25% BiFi APY — Check rates right now at app.bifi.finance)
  3. Plus, 1% (8% APY) on your deposit back in BFC tokens
    Lending (BSC Mainnet): 1%
    Lending (Ethereum Mainnet): 1%
    Pooling (Ethereum Mainnet): 1%
    Staking (Ethereum Mainnet): 0.5%

So why leave your assets idle when you can put them to work? Use your investing strategies to long, short, and earn on BiFi. See your interests and BiFi rewards accrue, and earn even MORE BFC rewards while you’re at it! We promise you, it’ll be fun 😉 (isn’t that what we’re all here for after all?)

Note:

Get Started on BiFi

To participate in this Prize Pool Event, go to app.bifi.finance and just start depositing! Need help? Click “Help” at the bottom.

The total prize pool $100,000 worth BFC will be distributed on a first-come, first-served basis to users who deposit on ALL or ANY of the three BiFi services (Lending, Pooling, Staking).

Once you have deposited your desired amount of assets, hold your assets for 45 days on BiFi (until May 31, 2021). After May 31st, we will distribute your BFC token rewards. Don’t forget to submit your event form for entry! There’s a “Event” button on BiFi 😉

Event Duration

March 19, 2021 to April 15, 2021 11:59 PM (UTC) — Deposit Period
Deposit your assets on BiFi and hold your deposits until May 31

April 16, 2021 0:00 AM to May 31, 2021 11:59 PM (UTC) — Hold Period
Hold your deposits on BiFi for at least 45 days

June 1, 2021~ 0:00 AM (UTC) — Reward Distribution
1% of your deposits will be rewarded in BFC tokens

Using BiFi

BiFi is supported on two decentralized networks: Ethereum and Binance Smart Chain (BSC). BiFi on BSC only supports Lending at the moment. All services (Lending, Staking, and Pooling) are supported on BiFi Ethereum.

On Lending (BSC or Ethereum), you can deposit and borrow assets as many times as you’d like. However, your total net value of deposit will be the amount of deposit minus the amount of borrow. Rewards are on a first-come, first-served basis, so if you borrow or withdraw your deposits, your place in line for receiving the reward can move back. It’s best to deposit and hold — until May 31st!

On Pooling, your deposit amount equals the value of BFC or BiFi plus the value of ETH. We understand BFC, BiFi, ETH values may change throughout the event. To avoid any confusions, final value of your deposits will be based on the day you deposit.

On Staking, your deposit amount equals the value of BFC on the day of deposit.

Net Deposit on Lending = Deposit — Borrow
Deposit on Pooling (BFC-ETH) = BFC value + ETH value
Deposit on Pooling (BiFi-ETH) = BiFi value + ETH value
Deposit on Staking = BFC value

  • Submitting this form at least once confirms your entry. Submit this form and deposit transaction hash, so that we are able to verify your transaction. (Where do I get my transaction hash?)
  • The last day to submit form is April 15, 2021 11:59 PM (UTC). You MUST submit your wallet address and deposit transactions to be considered for entry. No further submissions after April 15 will be considered.
  • All deposits MUST be held until May 31, 2021 11:59 PM (UTC) in order to receive the full reward.
  • BiFi reserves the right to final decision on all entries. BiFi reserves the right to cancel the reward if any malicious behaviors or activities are found.

Can I deposit and withdraw my assets?

You can deposit and withdraw on BiFi Lending as many times as you’d like. However, you need to submit your deposit transaction(s) to be considered for entry. Your deposit amount will be based on the transactions you submit. We will calculate the net deposit amount on Lending (deposit — borrow), Pooling, and Staking to assess your final deposit value.

  • On March 20th, you deposit $3,000 on BiFi Lending. (Accumulated reward: $30 worth BFC)
  • On March 23rd, you borrow $2,000 on BiFi Lending. (Accumulated reward: $30 — $10 = $20 worth BFC)
  • In the above case, you will be considered for Prize Pool entry for March 23rd. However, if rewards run out on March 21st, you will be excluded for the reward.
  • After May 31st, we will check your submissions and reward you 1% of your deposit in BFC tokens. Meanwhile, you can see your BiFi tokens and interest accrue on Rewards Page.

What if my deposit value changes throughout the event duration?

We understand the value of your deposited assets may change during the duration of the event due to market volatility. To avoid any confusions, the final value of your deposited assets will be based on the day you deposit.

  • On March 18th, you deposit 0.277 ETH (worth $500)
  • On May 1st, value of ETH decreases and 0.277 ETH is now worth $300
  • Your final BFC reward will be based on $500 worth ETH

When Can I Receive My Reward?

  • On April 15th, we will notify those who were able to participate in the $100,000 BFC prize pool, so please make sure to submit your email addresses and transactions in the form above by April 15, 2021. If you are not eligible for prize pool, we will still notify you with email.
  • All BFC rewards will be distributed after June 1, 2021.

Resources

If you’re new to BIFROST and BiFi, get started here:

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