token: News of Hifi Finance (HIFI) - July 2024 Price Update - 7.32% Breakout Crypto News and Analysis
Trade hard. Joy is coming
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 value.
OLUWATOSIN GARUBAExplore 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.
GLORIA OLUWAFERANMITo 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.
Praise OlagbadunProfessional Author and Crypto Trader
Spot the Main Event:
They've been doing a lot in terms of marketing, like the community marketing scheme (where they allow their community to do the marketing for t hem) and Social media marketing. These has helped them a lot in bringing onboard new RWA interested users and could be the reason for the current increase in the price of the token.
This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.