Hifi Finance
Financial indicators MFT
- Rank: 359
- Market Cap: 51404900 $
- 24 Hour Volume: 545 $
- Total Supply: 10000000000
- Circulating Supply: 10000000000 (100%)
- Max Supply: 10000000000
What is Hifi Finance?
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. It is anticipated that a ticker symbol change will occur alongside future iterations on the Hifi Lending Protocol.
Mainframe Token (MFT) is the native utility token that is used for:
Governance votes Staking to ensure the safety of the protocol Rewarding contributors to the ecosystem
What can you do with the Hifi Lending Protocol:
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. 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. Provide Liquidity: Earn trading fees by providing liquidity between debt tokens and stablecoins on an Automated Market Maker (AMM).
- https://hifi.finance
- https://github.com/MainframeHQ
- https://twitter.com/HifiFinance
- https://coinmarketcap.com/currencies/mainframe/