The price of Hifi Finance is $1.63 today with a 24hour trading volume of 919 millio dollar. This represents a 123% price increase in the last 24 hours and a 230% price increase in the past 7 days. With a circulating supply of 100 Million HIFI, Hifi Finance is valued at a market cap of 177 million dollar.
but what is HiFi? well Hifi Finance is a protocol that addresses the need for fixed-rate lending and borrowing in decentralized finance. It allows anyone to access instant liquidity against collateral assets approved by Hifi Governance, by tokenizing on-chain debt. Hifi Governance is a community-organized process that manages the various aspects of the Hifi Lending Protocol. Hifi proposes a novel liquidation architecture that drives resources back to ecosystem participants and balances incentives between borrowers, lenders, and guarantors. The system works by borrowers depositing collateral and minting tokens, which represent a debt obligation that settles on a specific future date. The Hifi Token is utilized to vote on governance proposals, unlock discounts, achieve greater capital efficiency, increase protocol rewards, and access additional leverage.
yesterday whales had huge buy positions in all exchanges and manage to break 0.55$ as well
Hifi Finance has inked several partnerships in the past few months. For example, it partnered with Crown Ribbon to take on the performance horse industry. Also, the developers partnere with Pooled NFT, an easy approach to turn any NFT into passive income.
but what is HiFi? well Hifi Finance is a 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 is utilized to vote on governance proposals, unlock discounts, achieve greater capital efficiency, increase protocol rewards, and access additional leverage.
yesterday whales had huge buy positions in all exchanges and manage to break 0.55$ as well
Hifi Finance has inked several partnerships in the past few months. For example, it partnered with Crown Ribbon to take on the performance horse industry. Also, the developers partnere with Pooled NFT, an easy approach to turn any NFT into passive income.
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HIFI token has risen 208% in the past 7d. Upbit, South Korea's largest exchange, is the main spot player, with a trading volume of $717m in the past 24h. After Binance opened the HIFI perpetual contract on September 16, HIFI fell sharply, falling more than 30% from its high. HIFI futures prices were once at a negative premium of 40% compared to spot prices
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