## What Is BiFi (BIFI)?

BiFi (Bifrost Finance) is a multichain DeFi project powered by Bifrost's multichain technology. BiFi connects not only Ethereum based tokens, but also other tokens from different blockchains such as Bitcoin, Tron and Klaytn. BiFi will offer multichain wallet, lending, borrowing, and staking services, as well as yield farming rewards and other multichain investment products.

## What makes BiFi unique?

-   Bifrost: BiFi is powered by the multichain technology of Bifrost. With Bifrost, BiFi can use different tokens and coins from different blockchains and protocols on its services. Through multichain connectivity, BiFi will lower the gas fees, increase accessibility, and expand the ecosystem to enable more innovative financial products to more people.

-   Bifrost Wallet: Bifrost Wallet is a multichain wallet that supports multichain DeFi products and services on BiFi. Users can use multichain services such as lending and borrowing using Bifrost Wallet.

-   Security Focused: Hacks and frauds have tainted the blockchain ecosystem. Our team of hackers, researchers, and security experts are dedicated to maintaining the highest standards of security. With us, you can securely put your money to work.

## What are its use cases?

BIFI token serves multiple functions on BiFi's multichain DeFi platform. It can be used as a governance token, used to vote on proposals to enhance or submit proposals for BiFi. It can also be used as a currency to pay for multichain DeFi services on BiFi.

## How Many BiFi Tokens Are There in Circulation?

Of the total supply of BiFi tokens, 15% is allocated to teams. 15% is allocated to the treasury. 20% is allocated for each following: Staking and Pooling. 40% is allocated to rewards for lending service. Total of 1 billion BiFi is going to be distributed in 4 years; however, the distribution schedule is subject to change due to the governance system. When all BiFi tokens are distributed, 1 billion, then 2% of the total BiFi tokens will be created and distributed every year. 

 ## Who Are the Founders of BiFi?

Bifrost was founded in 2016 by two professors to develop blockchain applications to solve social issues and business problems. In the process, they saw the potential and limitations of blockchain technologies. There were many protocols, all with their own strengths and weaknesses, and no way to combine them. So they created Bifrost, a technology platform that allows developers to easily build on multiple blockchains that truly enables multichain technologies.

In 2019, the Bifrost team decided to create BiFi, the multichain DeFi project, to demonstrate the full potential of Bifrost. The DeFi ecosystem, much like the DApp ecosystem, is limited to Ethereum and hampered by soaring gas fees. With multichain, BiFi will solve these issues, lowering gas fees, increasing accessibility, and expanding the ecosystem. Leveraging our team's expertise in finance and cybersecurity, the Bifrost team will continue to introduce new investment products that leverage the new multichain DeFi ecosystem.

As the CEO and co-founder of BiFi and Bifrost, Dohyun Pak has developed and managed complex derivative products for financial institutions in the U.S. and Korea for over a decade. He received his PhD in financial engineering at the University of Michigan, Ann Arbor. Dohyun currently serves as a professor of mathematical finance at Gachon University.

JongHyup Lee, CTO and co-founder of BiFi and Bifrost, currently serves as a professor of mathematical finance at Gachon University. After receiving his PhD in computer science at Yonsei University, he presented his research at top-tier conferences as a post-doctoral researcher under Dr. David Brumley at the CyLab at Carnegie Mellon University. He also co-founded PPP, the leading hacking team in the world.

Changhyun Yoo, COO and co-founder of BiFi and Bifrost, graduated early from Seoul Science High School and went on to study Computer Science at KAIST. He has developed countless financial platforms for leading financial institutions for over a decade. Believing that the future of finance is in blockchain, he co-founded Bifrost, where he steers the diverse talents of the team.

Soso, CMO and co-founder of BiFi and Bifrost, was previously a medical doctor and currently one of the leading cryptocurrency influencers in Korea. His passion for cryptocurrencies and expertise in blockchain led him to found Block Crafters Capital, a blockchain-focused venture capital, where he supported the growth for more than 30 companies.

Today, BiFi is a team of 30 with deep and extensive experience in finance and computer science, from quantitative trading and fintech development, to hacking and network security. Their advisors are from leading blockchain and technology organizations, including Coin Plug, Blockwater Management, Block Crafters, and KAIST Engineering.

BiFi

Trust Wallet

MetaMask

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

Fenerbahçe Token

Pussy Financial

Damex Token

Jobchain

MAX Exchange Token

Donut

Modefi

PUMLx

Props Token

Hakka.Finance

Bit.Store

Stader ETHx

Panther Protocol

Octopus Network

Popsicle Finance

Bifrost is a multichain middleware platform that enables developers to create Decentralized Applications (DApps) on top of multiple protocols. Not restrained to a single blockchain, Bifrost creates a new environment where developers can combine the best protocols to develop substantially more scalable and flexible DApps.

With Bifrost, developers can write smart contracts for multiple blockchain protocols in an unified environment. They simply select the target blockchain for each part of the code, then Bifrost will transpile, compile, and deploy the code into the target blockchains at once. Developers can also easily operate their DApps and even switch the target blockchain as new and better protocols become available.

Bifrost has multiple components that allow for a seamless connection among all blockchains:

Recipe: A language application that defines the programming language of Bifrost and generates smart contract codes with guaranteed code-level flexibility.

Linker: A system that connects the user and Bifrost components, ensuring the seamless operation on top of multiple blockchains.

Builder: An Integrated Development Environment (IDE) that offers a customized environment to use the comprehensive suite of features of Bifrost.

Gourmet: An automated testing environment for Bifrost service and smart contract development, updating with the latest technologies for blockchain.

Scan: A dashboard that provides you with a full view of the internal process of Bifrost and shows your blockchain interconnectivity in diagram.

Bifrost

Bitcoin File

NEST Protocol

v.systems

CyberVein's big-data solution is based on the PISR (private, interlink, secure, robust) distributed database, database operations are stored on CyberVein blockchain network which runs on a Proof-of-Contribution (PoC) consensus mechanism. The solution is focusing on enterprise-level "blockchain + big-data" customized services.

CVT is the native utility token that is used for:

Storage payment: The data owner pays the corresponding storage fee based on the file size and bandwidth consumed in such a process.

Computing power payment: Payments from user to owner for usage, and remuneration for software developers is going to be exclusively conducted in CVT.

Data exchange: On CyberVein's federated learning platform, the data acquirer trades the data at a price contracted between the two parties for distributed modeling applications.

CROSS NFT issuance payment: Dapp businesses are obligated to pay for Storage and Data Exchange in light of network resources occupied, and may set up CyberVein token as a means of payment to issue NFT or conduct business in accordance to their desired business model.

CyberVein tools include:

PISR Consortium database, creates better data management: through safe and reliable virtual machine operation and maintenance of user data, data is efficiently aggregated for upstream data, and data traceability and tracking are realized to ensure the reliability of data sources and outputs, and achieve cross-level, cross-departmental data sharing to improve the timeliness, diversity, stock and density of data to realize the commercial value of data, and truly solve the problems in data flow.

DAG storage chain, creates safer data storage, with better efficiency, no block confirmation, low transaction fees, and also eliminates miner, supports asynchronous verification and parallel processing of each node, the more nodes, the faster the speed, the stronger the scalability, which leads to better scalability. The database backup on DAG storage chain provides an extra layer of security for businesses.

Cytrix, allows GPU to be shared. Nodes can contribute part of their GPU to the network, in return for compensation through the Proof of Contribution mechanism. The contributed GPU can aid enterprises or individuals in data modeling with federated learning.

Federated Learning Platform, enables data to be monetized. Federated Learning is a distributed machine learning workflow. The datasets are first trained locally, and the data of all parties is kept locally, without revealing privacy or violating regulations.  Individual terminals return trained models to the server to create a shared model. Effectively protect data privacy and security, solve the problem of information silo, and thus realize the value of data. The platform will also provide algorithms to support data modeling operations by enterprises and individuals.

CyberVein

Strike is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several markets supported by the platform.

When a user deposits tokens to a Strike market, they receive sTokens in return. These sTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive sETH in return. Over time, the exchange rate of these sTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.

On the flip side, borrowers can take a secured loan from any Strike pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 80%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.

Strike

The Suterusu Protocol is a second-layer private payment infrastructure for smart contract platforms. The Suterusu Protocol uses the original and most advanced ZK-ConSnark algorithm that does not require a trusted setup. The algorithm’s proof size is significantly reduced and the proof generation and verification efficiency are greatly improved compared with similar solutions. Since no trusted setup is required, it is safe and transparent. The technical paper has been accepted by Eurocrypt 2021(https://eurocrypt.iacr.org/2021/acceptedpapers.php, https://eprint.iacr.org/2021/540). The Suterusu Protocol has been deployed on Ethereum, Binance Smart Chain, Heco, SmartBCH (BCH sidechain), Theta, etc. We plan to deploy Suterusu protocol on the following smart contract platforms including Near, Solana, Avalanche, Moonbeam, Plasma, Matic, etc. It is also the first privacy project funded by the official Cypherpunk Guild Fund of Near. We are also applying for the Solana and Polkadot ecosystem grant. The Suterusu Protocol intends to build a private payment infrastructure for any cryptocurrency. The Suterusu project has received investment from well-known institutions such as Dialectic (a fund founded by the former Polychain partner Ryan Zurr), Fundamental Labs, FBG, Continue Capital, DeFi Alliance, and other well-known institutions.

suterusu

QuadrantProtocol

Roobee (ROOBEE) is a blockchain-based investment platform that allows users to invest in products from both the traditional and crypto markets. The platform is under active development and is already operational. Behind the platform is a team of developers who won prizes in hackathons, including the 2017 and 2019 ETHWaterloo hackathons held in Canada by ETHGlobal.

The mission of Roobee is to give any person with any level income an opportunity to invest starting just from $10 in investment products that are only available to big institutional players, qualified investors, millionaires, and funds. With the help of the Roobee platform, the goal is to empower people from all over the world to invest in any of the many investment products available on the platform: crypto, stocks, ETFs, IPOs, real estate, and more.

ROOBEE

MixMarvel

ThunderCore

Crypterium

SelfKey

OpenDAO calls itself “the token of the metaverse” and aims to become a central asset for the metaverse and Web3, in a similar fashion as stablecoins like USDC. OpenDAO launched its SOS token on Christmas Day 2021 via an airdrop to all users that had bought, sold or traded NFTs on marketplace OpenSea. The declared goal was to create a way to pay tribute to the NFT creators, collectors and marketplaces and nurture the NFT ecosystem.

OpenDAO aims to build utility for its token by allowing users to mint NFTs with SOS, trade NFTs for SOS on permissionless marketplaces and implement it in games and projects as a governance token.

OpenDAO

pNetwork

TE-FOOD

Linear is a decentralized delta-one asset protocol capable of instantly creating synthetic assets with unlimited liquidity. The project opens traditional assets like commodities, forex, market indices and other thematic sectors to cryptocurrency users by supporting the creation of “Liquids” — Linear’s synthetic asset tokens.

The protocol consists of various products like Linear.Buildr, a DApp used to manage Liquids using Linear (LINA) and other tokens as collateral. The exchange is specifically created to enable trading of a variety of Liquids with rapid confirmation times and robust security.

LINA is an ERC-20 token built on the Ethereum network whose main purpose is as collateral for Liquids (using Buildr) and for community governance of the protocol. All token holders have access to the Linear DAO, enabling them to vote on different initiatives and proposals, helping to shape the development of the Linear ecosystem.

The main goal of Linear is to provide a superior user experience with better scalability and greater speed thanks to the cross-chain capabilities of the protocol. Linear Finance intends to provide a simple solution for users that want exposure to traditional assets while still benefiting from the features enabled only by blockchain technology.

Linear Finance

dForce

Lympo

JUST is a popular new decentralized finance (DeFi) ecosystem built for the TRON blockchain. It is an entire suite of products that are mostly centered around a decentralized stablecoin lending platform known as JustStable.

The platform launched in August 2020 following an initial exchange offering (IEO) on the Poloniex LaunchBase platform earlier that same year, but the native governance token of the platform (JST) has been circulating since May 2020.

It is a two-token ecosystem built around the USDJ and JUST (JST) tokens. USDJ is a multi-collateral stablecoin that has its value pegged to the value of the US dollar (USD), whereas JST has a variety of functions on the platform — paying interest, helping maintain the platform and participating in its governance, helping to set parameters like interest rates (stability fees) and the minimum collateralization ratio.

To obtain USDJ on JUST, traders need to deposit collateral in the form of supported collateral tokens — including TRON (TRX), which are exchanged to PTRX tokens and locked as collateral forming a collateralized debt position (CDP). Depending on the amount of collateral deposited, users can then mint and withdraw USDJ, which must later be repaid to retrieve the initial collateral.

The platform is designed to provide a fair and borderless hub of DeFi products, that any TRON user can access.