Crypto Rank | Name | Current Price | 24h Price Change | Total Supply | Circulating Supply | |
---|---|---|---|---|---|---|
803 |
HIFI
![]() | $ 0.25 | -8.55% | 166 812 567 | 147 079 277 | AI Insight |
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.