# BiFi > The ultimate cross-chain DeFi platform BiFi is a cross-chain decentralized lending platform built on Bifrost. It lets users supply and borrow native assets from different blockchains without wrapping them, with validators verifying each transaction. BiFi is a decentralized lending platform that lets users supply and borrow digital assets across different blockchains. Users deposit assets to earn interest and borrow against their deposits, with supply and borrow rates set in real time by market demand. It is built for DeFi users who want to use native assets from several networks without wrapped tokens. BiFi runs on the Bifrost Network, a cross-chain network built by the same team, and connects other blockchains to it directly. Assets stay native on their home chain while validators verify each cross-chain transaction, so a user can supply collateral on one network and borrow on another. Holders of the BiFi token vote on protocol proposals through the BDAO governance process. Its flagship product is BiFi Cross-chain, the lending market that works across connected networks. Legacy BiFi, the original app, keeps lending, pooling, and staking on individual chains. BiFi is used by DeFi lenders, borrowers, and BiFi token holders across multiple blockchains. - Type: Company - Sector: DeFi - 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 lending market on the Bifrost Network where users supply native assets from connected blockchains as collateral and borrow on another network. Deposits move through Bifrost's cross-chain bridge without wrapped tokens, and validators verify each transaction. Supply and borrow rates adjust in real time with market supply and demand across a range of stablecoins and major crypto assets. (Decentralised Borrowing & Lending, Live, Main Product) - [Legacy BiFi](https://thegrid.id/profiles/bifi): Legacy BiFi is the original BiFi lending app, where users supply assets to earn interest and borrow against them on each supported blockchain separately. It also offers pooling and staking of BiFi liquidity tokens, and users earn BiFi token rewards for lending activity. The app remains available from the BiFi website alongside BiFi Cross-chain. (Decentralised Borrowing & Lending, Live) ## Assets - [BiFi (BIFI)](https://thegrid.id/profiles/bifi): BIFI is the utility token of BiFi, a cross-chain lending platform built on Bifrost. It is used for earning rewards from lending, pooling, and staking, and for voting on protocol proposals through the BDAO governance process. Holders swap BIFI for GBiFi tokens to gain voting power, so governance weight follows the amount of BIFI committed. (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. 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