Hifi Finance HIFI
HIFI
0.2534
$
7.14 %
Change 24h
Market Cap
$ 37,218,279
Volume 24h
$ 12,932,586
Circulating Supply
146,960,841
Total Supply
141,344,509
HIFI
$
# | Exchange | Pair | Price | Volume 24h |
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Description
Hifi Finance is a lending protocol that addresses the need for fixed-rate lending and borrowing in decentralized finance. It allows anyone to access instant liquidity against collateral assets approved by Hifi Governance, by tokenizing on-chain debt. Hifi Governance is a community-organized process that manages the various aspects of the Hifi Lending Protocol. Hifi proposes a novel liquidation architecture that drives resources back to ecosystem participants and balances incentives between borrowers, lenders, and guarantors. The system works by borrowers depositing collateral and minting tokens, which represent a debt obligation that settles on a specific future date. The Hifi Token (HIFI) is utilized to vote on governance proposals, unlock discounts, achieve greater capital efficiency, increase protocol rewards, and access additional leverage.