Bifia
The fairest Stablecoin for Bitcoin.
Redefining the Future of Stablecoins
Bifia is a non-profit stablecoin initiative. Bifia products distribute 100% of the respective yield to stakers, while the yield from non-stakers is distributed equally to Bitcoin miners to strengthen the network’s security.
100% Backed and transparent
All Bifia stablecoins are 100% backed by a delta-neutral strategy that earns yield from funding rates. Since there is no speculative governance token and never will be, our sole priority is to guarantee a 1-to-1 peg while taking minimal risk.
Decentralized and Governance
The governance of the protocol will be managed solely with the USDB stablecoin to ensure the security and sustainability of the protocol. No speculative governance token will be created, as it adds risks.
Yield strategy
The yield strategy consists of maintaining a delta-neutral position by holding the asset on spot while shorting it when funding rates are positive.
Stackers earnings
People who are staking BUSD earn the protocol’s yield, which corresponds to the profitability of the strategy at the time the staking was performed.
Reamaining is given to Bitcoin miners
The remaining yield from non stackers is given to Bitcoin miners equally in 1 utxo every blocks.Â
Stablecoin necessity for Bitcoin
Stablecoins are necessary to trade Bitcoin and to give it an on-chain price. They are also useful for sending or storing value, even though Bitcoin remains the best long-term store of value.