The live Hifi Finance (HIFI) price is $0.22908, with a 24 hours Blynex trading volume of 442.62 K. The price of HIFI changed by -0.13% in the past 24 hours. With a circulating supply of 141.79M HIFI and a maximum supply of 166.79M HIFI coins. HIFI currently ranks # in market cap. You have the option to purchase Hifi Finance (HIFI) on the Blynex exchange.
Date of Issue: 08.12.2022
Hifi Finance (HIFI) is a decentralized finance protocol designed to facilitate the lending and borrowing....
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Lower Price 0.22437
24H
0.23762 Upper Price
24H Value
442.62 K
Market Cap(USD)
32.48 M
Circulating
141.8 M
Total Supply
166.8 M
Hifi Finance (HIFI) Live Price Data
Markets
| Market | Price | 24h % | 24h High | 24h Low | 24h Volume | |
|---|---|---|---|---|---|---|
HIFI/USDT |
$0.22908 | -0.13% | 0.23762 | 0.22437 | 439.78 K | Trade |
About Hifi Finance (HIFI)
Hifi Finance (HIFI) is a decentralized finance protocol designed to facilitate the lending and borrowing. Buying HIFI on Blynex Exchange is easy: create an account, verify your identity, deposit funds, and start trading. Check out our guide on How to Buy Hifi Finance (HIFI).
What is Hifi Finance (HIFI)?
Hifi is a decentralized finance protocol designed to facilitate the lending and borrowing of cryptocurrency at fixed interest rates. The protocol utilizes decentralized interest rate markets that mature on specific dates, offering a unique model where users supply liquidity to liquidity pools, and an algorithm determines interest rates based on supply and demand. This makes crypto lending and borrowing more efficient and accessible to everyone.
How Does Hifi Work?
Hifi operates with an Automated Market Maker (AMM) model where users can provide liquidity by supplying tokens to various markets. Borrowers can then access funds at a fixed interest rate without the need for complex negotiations on terms such as maturity, interest rates, or collateral. By contributing to liquidity pools, users can earn rewards while enabling decentralized peer-to-peer lending and borrowing.
Hifi Governance and Community Involvement
Hifi Governance is a community-driven process that oversees the operation of the Lending Protocol. The HIFI token, an ERC-20 asset, empowers its holders to delegate voting rights to any address, including their own. This system enables users to participate in proposing, voting, and implementing changes, such as adjusting system parameters or introducing new markets and collateral types. This decentralized approach allows for continuous protocol improvements based on community input.
The Evolution of Hifi
Initially launched in November 2017 as Mainframe, Hifi began as a decentralized communications layer for Web3. However, in early 2020, the project pivoted to focus on Decentralized Finance (DeFi), leading to a rebrand and the adoption of the Hifi name. This shift marked a significant transformation in the project, positioning Hifi as a forward-thinking platform in the rapidly growing DeFi space, aiming to redefine how crypto lending works.
The Future of Hifi
As a decentralized finance protocol, Hifi is poised to play a pivotal role in shaping the future of digital lending and borrowing. Its fixed interest rate model, combined with its innovative liquidity pools, offers a transparent and efficient alternative to traditional finance. With active community involvement through Hifi Governance, the protocol continues to evolve, aiming to expand its offerings and bring more innovative solutions to the decentralized financial ecosystem.HIFI to local currency
- HIFI to USD0.2290570920
- HIFI to EUR0.2116825343
- HIFI to AUD0.3669490193
- HIFI to KRW337.175
- HIFI to JPY34.320
- HIFI to GBP0.177
- HIFI to INR19.580
- HIFI to CAD0.330
- HIFI to AED0.841
- HIFI to RUB19.187
HIFI to crypto currency
- HIFI to BTC0.0000027709
- HIFI to ETH0.0001254842
- HIFI to USDT0.2291325640
- HIFI to BNB0.0003782743
- HIFI to SOL0.0018396034
- HIFI to XRP0.1098817152
- HIFI to ADA0.3290972776
- HIFI to TRX0.9680429444
- HIFI to LTC0.0027575739
- HIFI to TON0.0555751648
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