HiFi Finance (HIFI) offers fixed-rate lending and borrowing in decentralized interest rate markets. More
| Fully Diluted Valuation | $11.15M |
|---|---|
| 24H Trading Volume | $12.20M |
| 24H Low / High | $0.06 / $ 0.07 |
| Circulating Supply | 151.44M |
| Total Supply | 166.88M |
| Max Supply | ∞ |
| Categories | Decentralized Finance (DeFi) 6 more |
|---|---|
| Founder | Mick Hagen |
| Website | hifi.finance Whitepaper |
| Socials | 2 more |
| Chains | Ethereum Ecosystem |
| Explorer | Ethplorer 2 more |
| Contracts |
0x4b9....0b07e
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| Name | Pair | OG Score |
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HiFi Finance (HIFI): A Fixed-Rate DeFi Protocol
HiFi Finance (HIFI) is a decentralized finance (DeFi) protocol offering fixed interest rate lending and borrowing. Its decentralized interest rate markets mature on specific dates, utilizing an Automated Market Maker model where users provide tokens to liquidity pools, with rates set by an algorithm based on supply and demand dynamics.
How HiFi Works: Fixed Rates for Predictable Returns
Users can participate in active markets by providing liquidity, borrowing, or lending. Borrowers enjoy fixed interest rates without the need to negotiate terms such as maturity or collateral, providing a straightforward borrowing experience. Liquidity providers earn rewards while facilitating peer-to-peer lending and borrowing.
Empowering Community Governance with HIFI
HIFI is an ERC-20 token that grants its holders voting rights, allowing them to delegate these rights to any address. This governance model enables the community to propose and vote on changes, including adjustments to system parameters, support for new markets, introduction of new collateral types, or allocation of resources for specific initiatives.
The Visionaries Behind HiFi: Mick Hagen and Doug Leonard
Founded by Mick Hagen, an early blockchain technology enthusiast, HiFi underwent a significant transformation in early 2020 under the leadership of Doug Leonard. Known for his passion for NFTs and his unconventional use of crypto assets, Leonard spearheaded HiFi's rebranding and shift towards decentralized finance.
Uniqueness of HiFi: Predictable Outcomes in DeFi
HiFi's standout feature is its focus on predictability. With fixed interest rate markets, borrowers and lenders have clear visibility into the terms, knowing precisely the costs and returns involved. This predictability sets HiFi apart, offering users a more reliable experience compared to protocols with variable interest rates.
HiFi Finance stands out for its fixed interest rate markets, offering users predictability in borrowing and lending compared to protocols with variable rates.
HiFi Finance was founded by Mick Hagen and later led by Doug Leonard, known for his NFT passion and innovative crypto use.
You can buy Hifi Finance (HIFI) on Binance, Bitget, Gate.io, MEXC, KuCoin cryptocurrency exchanges.
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