A few honest thoughts on the BFI Public Sale
My interest in DeFi has cooled over the past two years. The reason isn’t complicated — I’ve watched too many projects ride a label (“creator economy GameFi AI Agent Restaking”), then quietly disappear when the narrative rotates. The ones still working are stuck on the same problem: high APYs don’t last, and the early valuations stop making sense once subsidies dry up.
So I pay attention when a team takes “asset management” seriously. It’s an unsexy phrase. It’s also one of the few directions I think can survive a full cycle.
I’ve been watching BitFi for a while. It describes itself as an on-chain asset management platform — bridging TradFi yields with DeFi returns, covering BTC, stablecoins, RWA, and DeFi yield, for both institutions and retail. The mechanic is straightforward: deposit BTC or stables, receive bfBTC or bfUSD as on-chain receipts, and the platform routes capital through audited CeFi DeFi strategies. Today it’s already running $320M in protocol AUM — that’s the part that matters most to me. The token isn’t preceding a product; the product is preceding the token.
A few details on the sale itself:
— BFI Public Sale FDV is $50M — identical to the Seed Round valuation. No markup over the institutional round.
— Public Sale supply is 10M BFI (1.00% of total) and unlocks 100% at TGE. Target raise is $500K. Day-1 float 14.5%.
— The sale runs through Sonar by Echo, the same platform that hosted Plasma, Initia, MegaETH. Onboarding KYC/KYB eligibility verification required.
— Custody on the protocol side is handled by Ceffu (Binance’s institutional custody arm). Contracts audited by SlowMist.
That combination — real product traction, no markup, mature venue, institutional-grade infrastructure — is rare in the public sales I’ve seen this year. I’ll participate.
Sale opens Jun 11. Pre-registration is already open on Sonar.
@Bitfi_Org ·
bitfi.one/sale
#BitFi #BFI
Eligibility per Sonar. DYOR. Not financial advice.
Registration is now open. 🌳
The BitFi Public Sale starts here.
Join Now:
bitfi.one/sale