Everything about HIFI (Hifi Finance) cryptocurrency :
Hifi Finance
Hifi (formerly Mainframe) is a Lending Protocol that allows anyone to borrow against their crypto.
1. Project introduction
Hifi (formerly Mainframe) is a Lending Protocol that allows anyone to borrow against their crypto. Hifi uses a bond-like instrument, representing an on-chain obligation that settles on a specific future date. Buying and selling the tokenized debt enables fixed-rate, fixed term lending and borrowing — something much needed in decentralized finance today.
What can users do with the Hifi Lending Protocol:
(1) Borrow: Lock collateral in a vault to mint fixed-rate, fixed-term debt tokens. These debt tokens can be swapped for instant liquidity allowing users to leverage long, yield farm, or pursue other strategic trades without selling their collateral tokens.
(2) Lend: Buy fixed-rate, fixed-term debt tokens for a discount. When the term expires they can be redeemed for face value, earning lenders a predictable return on their investment.
(3) Provide Liquidity: Earn trading fees by providing liquidity between debt tokens and stablecoins on an Automated Market Maker (AMM).
2. Team introduction
Founder: Mick Hagen
Linkedin: https://www.linkedin.com/in/mickhagen/
3. Investment institution
IOSG, AU21, Stuck Capital
4. Application and distribution
Total supply: 126,250,000
Token application:
HIFI is the native utility token that is used for:
(1) Governance votes;
(2) Staking to ensure the safety of the protocol;
(3) Rewarding contributors to the ecosystem.
Token distribution:
Airdrop to MFT Holders: 100,000,000
Airdrop to Governance Voters: 1,250,000
Hifi Labs: 25,000,000
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