# BiFi

> The ultimate cross-chain DeFi platform

BiFi allows users to supply and borrow digital assets across different blockchain networks using native cross-chain connectivity.

BiFi is a cross-chain DeFi platform enabling users to supply and borrow digital assets across multiple blockchain networks. Users can earn interest on supplied assets. The platform uses Bifrost's cross-chain technology to connect native chains directly, removing the need for wrapped tokens. Validators verify transactions to maintain decentralization and transparency.

- Type: Company
- Sector: Finance
- Status: Active
- Founded: 2020-09-01
- Profile: https://thegrid.id/profiles/bifi

## Products

- [BiFi Cross-chain](https://thegrid.id/profiles/bifi): BiFi Cross-chain is a decentralized lending protocol using Bifrost cross-chain infrastructure to enable native asset deposits and borrowing across blockchain networks without token wrapping. Validator-verified transactions maintain decentralized operations and real-time rate adjustments. (Decentralised Borrowing & Lending, Live, Main Product)
- [Legacy BiFi](https://thegrid.id/profiles/bifi): Legacy BiFi is the original decentralized lending platform enabling users to supply assets, earn interest, and borrow against collateral on supported chains using smart contracts. (Decentralised Borrowing & Lending, Live)

## Assets

- [BiFi (BIFI)](https://thegrid.id/profiles/bifi): BIFI is the governance and utility token of BiFi, a multichain DeFi platform built on Bifrost. It is used for voting on protocol proposals, paying for multichain DeFi services, and earning rewards through lending and staking. The token underpins a platform built on Bifrost's multichain middleware, connecting DeFi services across multiple blockchains. (Utility)

## Links

- [Main](https://www.bifi.finance)
- [Documentation](https://docs.bifi.finance/bifi-cross-chain-guide-kr)
- [Whitepaper](https://assets.thebifrost.io/whitepaper/BiFi-White-Paper-V1.0-EN.pdf)
- [Privacy policy](https://www.bifi.finance/privacy-policy)
- [Twitter / X](https://x.com/BiFi_lending)
- [Medium](https://bifi-lending.medium.com)

## Relationships

- [Bifrost Network](https://thegrid.id/profiles/bifrost_network): Parent organization

## Legal

This data is provided under two licensing models.

Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation.

Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
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- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP