hifi: News of Hifi Finance (HIFI) - July 2024 Price Update - 7.32% Breakout Crypto News and Analysis

Trade hard. Joy is coming

Explore the Core.

Hifi provides a greater degree of predictability when compared to similar protocols. This predictability comes from Hifi’s fixed interest rate markets. Borrowers know up front exactly the amount they will pay to borrow, and lenders know exactly what they will earn before lending any funds. This gives users more predictable outcomes in decentralized finance compared to similar variable interest rate protocols.

Explore the Core.

Hifi is a decentralized finance protocol that allows people to lend and borrow crypto at a fixed interest rate. Hifi is made up of decentralized interest rate markets that mature on specific dates. Hifi markets use an Automated Market Maker model, in which users supply tokens to “liquidity pools” and an algorithm sets the interest rate based on supply and demand. Users supply liquidity, borrow, or lend into any of the active markets. Borrower’s pay a fixed interest rate to lenders without needing to negotiate terms like maturity, interest rate, or collateral. By supplying tokens to liquidity pools users can earn rewards while enabling peer-to-peer lending and borrowing.

To God be the Glory

Explore the Core.

Hifi is a decentralized finance protocol that allows people to lend and borrow crypto at a fixed interest rate. Hifi is made up of decentralized interest rate markets that mature on specific dates. Hifi markets use an Automated Market Maker model, in which users supply tokens to “liquidity pools” and an algorithm sets the interest rate based on supply and demand. Users supply liquidity, borrow, or lend into any of the active markets. Borrower’s pay a fixed interest rate to lenders without needing to negotiate terms like maturity, interest rate, or collateral. By supplying tokens to liquidity pools users can earn rewards while enabling peer-to-peer lending and borrowing.

Spot the Main Event:

Hifi Improvement Proposal 8 has been executed. With that, The Hifi DAO has officially entered the Agreement of Association with Finance Ventures and the Designation Agreement with Mainframe Group, Inc. The team has also taken the necessary technical steps to integrate **$RCC1** (Residential Construction Collateral 1) & **$HC1** (Horse Collateral 1) Tokens into the Hifi Protocol with the set collateral ceilings and fixed oracle values. **Thank You** These agreements and new real-world asset collateral types are key in helping us reach our 2024 goal of $25M TVL in the protocol, so special thanks to all Hifi DAO members who participated in governance voting. Without you, none of this would be possible.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.