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  • Getting Started with BiFi on Biport Wallet
  • How to Deposit Tokens and Earn Interest on BiFi
  1. How to Use

Deposit to BiFi

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Last updated 2 years ago

Getting Started with BiFi on Biport Wallet

You can now deposit assets to BiFi Lending straight from the wallet!

is a decentralized lending protocol on Ethereum, Binance Smart Chain (BSC), Avalanche, and even Bitcoin. BiFi distributes to users who lend, borrow, or stake in the protocol. Think of it like a high-interest savings account, but without a middlemen (e.g. a bank) automated by smart contracts.

This part will cover how to deposit assets to pool to earn interest and BiFi tokens directly within the wallet. Only deposits are available in our earliest version. To borrow or stake assets, go to on your desktop and connect your preferred wallet.

How to Deposit Tokens and Earn Interest on BiFi

Step 1. On home screen, click "BiFi Protocol".

Step 2. Select the asset you want to deposit.

Step 3. Enter the amount of tokens to deposit to BiFi Lending.

The receiver address is automatically filled in with your address. Click MAX to deposit the maximum amount of tokens you hold. Then, click Next.

Step 4. Check the estimated transaction fee.

Click Custom Fee to set the transaction speed to slow, average, or fast. Click Advanced Options to configure the transaction fee in detail.

Click Done to complete the deposit.

(Note: You must have sufficient balance for network transaction fees to complete the transaction.)

(Note: Bitcoin deposits are only available on BiFi Lending app at the moment. To deposit Bitcoin, go to on your desktop.)

Only deposits to BiFi Lending is available in our earliest version of the wallet. To deposit BTC, borrow or stake assets, go to on your desktop, connect your preferred wallet, and start borrowing and staking to earn interest and BiFi tokens.

To learn how to deposit on , see our guide on .

To learn how to deposit BTC on , see our guide on .

πŸ’‘
app.bifi.finance/lend
app.bifi.finance
app.bifi.finance
Depositing
app.bifi.finance
Depositing or Withdrawing BTC
BiFi
BiFi tokens
BiFi Lending
app.bifi.finance