• Coins 16 975
  • Exchanges 1 270
  • Market Capitalization $3 093 408 643 764
  • 24h Trading Volume $53 149 880 449
  • Dominance BTC 61.74% ETH 7.12%

Hifi Finance (hifi) Live Chart

Crypto Rank Name Current Price 24h Price Change Total Supply Circulating Supply
803
HIFI
Hifi Finance logo Hifi Finance HIFI
$ 0.25 -8.55% 166 812 567 147 079 277 AI Insight

Hifi Finance (hifi)

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.