# Welcome to BitFi

## BitFi Overview

**BitFi** is an on-chain asset management platform with over $480M in assets under management. We leverage a unique **CeDeFi** architecture to deliver institutional-grade native yields combined with DeFi returns, serving both institutions and individual investors.

## Vision

BitFi aims to be the safest and most efficient CeDeFi yield platform, enabling every user to access stable, transparent, and diversified returns across markets.

## Core Advantages

* **CeDeFi Hybrid Yield:**\
  Seamlessly integrate centralized finance (CeFi) and decentralized finance (DeFi) strategies to deliver consistent, high-quality yields.
* **Institutional-Grade Infrastructure:**\
  Built by a team with deep experience from both Wall Street and top DeFi protocols, BitFi bridges TradFi expertise with DeFi innovation.
* **Comprehensive Product Suite:**
  * **bfBTC:** Yield-bearing liquid staking token for BTC
  * **bfUSD:** Yield-bearing stablecoin backed by USDC/USDT
* **Proven Traction:**
  * $480M+ in assets under management
  * Over 20,000 retail users
  * Native APR 6+%
* **Robust Security:**\
  Multi-layer risk management, audited smart contracts, and institutional-grade custody partners.
* **Strong Backing:**\
  Supported by **Fundamental Labs**, **CGV Fund**, **Hemi Labs**, **Citizen Journalists Network**, **IBC**, and other leading investors.

### bfBTC

bfBTC represents BitFi's native route for Bitcoin holders to unlock CeDeFi yields. The token is minted when BTC is bridged on-chain, then deployed into mirror trading, liquidity, and DeFi strategies coordinated by Ceffu's MirrorX engine. The resulting revenue—combined with protocol-level incentives—is distributed back to bfBTC holders, so the token's exchange ratio steadily grows while remaining redeemable 1:1 for native BTC across chains.

### bfUSD

bfUSD is a fully collateralized USD stablecoin minted from USDT and USDC with Chainlink-secured pricing. Holders can stake bfUSD into the low-risk Horizon pool (hbfUSD) or the higher-yield Pulsar pool (pbfUSD), each operating as ERC-4626 vaults with target APYs (9% for hbfUSD, 17% for pbfUSD). Yield stems from the pooled staking revenue, cross-pool insurance buffers, and boosted distributions from the Horizon pool, while redemption paths (standard and instant) preserve capital stability.