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BitFi is a CeDeFi platform bridging institutional CeFi strategies with on-chain DeFi yields, allowing users to deposit BTC or stablecoins and earn risk-managed returns. Its two main products are bfBTC, a yield-bearing Bitcoin liquid staking token, and bfUSD, a flexible yield-generating stablecoin. $BFI is the native governance token, unlocking staking rewards, platform perks, and voting rights for holders.
In June 2024, BitFi raised $50M via a Seed Round from Fundamental Labs, IBC Ventures, CGV FoF, and others.