Overview
BankFi is a Cardano platform where you earn passive rewards from pools of income-producing assets. You buy Units in a themed pool, and the earnings from that pool's assets get shared among everyone who holds Units in it. It is run by BankerLabs and branded as "The Bank of Cardano."
Each pool, which BankFi calls a vertical, is built around a specific source of income, such as crypto mining hardware or shared network nodes1. On top of buying Units directly, you can hold the $BANK token to earn a slice of rewards from across the whole platform, or collect Genesis NFTs that pay out from a wider basket of assets2. Everything runs on Cardano, and the live dashboard covers a Market, Portfolio, Governance, and Genesis section.
Key Features
- Themed reward pools you can buy into. Each pool holds real income-producing assets, and reward payouts are split among the people who hold its Units. Pools cover things like mining machines and network infrastructure nodes1.
- A token that earns across the whole platform. Holding the $BANK token earns you a share of rewards generated by every pool, so it tracks the platform's overall payouts rather than a single asset2.
- Genesis NFTs for basket rewards. These collectibles entitle holders to a slice of rewards from a broad set of underlying assets, including crypto miners and network nodes, on top of what individual pools pay2.
- Two ways to buy Units. You can mint brand-new Units directly, where the money goes toward acquiring more assets, or buy existing Units from other holders in a peer-to-peer market and sell yours whenever you like3.
- Community-run governance. Every pool is its own DAO, a group where holders vote together on decisions. One Unit equals one vote, and members decide things like how much of a pool's rewards get reinvested4.
What to Expect
When you open BankFi, you land on a dashboard split into a Market, a Portfolio, a Governance area, and a Genesis section. The Market is where you browse the themed pools and buy Units; the Portfolio tracks what you hold and the rewards you are earning across everything.
If you want a hands-off approach, holding the $BANK token or a Genesis NFT gives you exposure to rewards without picking individual pools2. If you want more control, you can choose specific pools, and take part in their governance votes. Voting is real and active, with members deciding matters like what share of rewards a pool reinvests to grow its asset base4.
BankFi is aimed at people who want passive on-chain income and at Cardano projects looking for a steady revenue source, which the team frames as "Backed By BankFi"5. The project publishes a Vault Paper that lays out how pools, rewards, and the $BANK token fit together.
