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.