
Hifi DAO has successfully executed HIP 9 and HIP 10, marking a significant step towards their $25M TVL goal by the end of 2024. These proposals aim to boost growth while maintaining compliance.
Key points:
- HIP 9 and HIP 10 have been executed
- Goal: $25M TVL by end of 2024
- Focus on growth and compliance
The proposals were published on Tally, with voting initiated after a 48-hour period. Community members were encouraged to delegate votes or participate directly.
For more details on the proposals, visit: https://www.tally.xyz/gov/hifi-dao/proposals
Next steps: Review the executed proposals and stay tuned for updates on their implementation.
Congratulations Hifi DAO ๐ HIP 9 and HIP 10 have been executed! These proposals will help us reach our ambitious goal of $25M TVL by the end of 2024 while remaining compliant. For more info, you can visit the proposals on Tally ๐ tally.xyz/gov/hifi-dao/pโฆ
Hifi Finance Announces Strategic Reset and Updated Roadmap

Hifi Finance has released a significant update addressing recent developments and future directions through their blog post *Resetting Expectations*. The protocol has published two key resources for community members: - A detailed blog post outlining strategic changes and future outlook: [Resetting Expectations](https://blog.hifi.finance/resetting-expectations-957be6b7ef13) - An updated roadmap showcasing upcoming developments: [Hifi Roadmap](https://hifi.finance/roadmap) These updates aim to provide transparency and clarity about Hifi's direction in the evolving DeFi landscape.
Hifi Token Faces Delisting from Major Korean Exchanges
Hifi Finance has issued an official response regarding the delisting of HIFI token from two major South Korean cryptocurrency exchanges - Upbit and Bithumb. The protocol team reports they made good faith efforts to engage with both exchanges and presented offers to maintain listings. - Team has published detailed transparency report - Similar delisting issue noted with CoinMarketCap in October - Full details available in [official blog post](https://blog.hifi.finance/official-response-upbit-bithumb-delisting-hifi-375a8f512f39) The protocol continues to operate normally despite these exchange developments.
Hifi v3 Launch Announcement

Hifi Finance is preparing to launch v3 of their protocol, introducing $HFD - a new overcollateralized stablecoin system. The update focuses on: - Fixed-rate borrowing capabilities - Real-time interest distribution to Hifi DAO - Enhanced stablecoin-driven architecture - Support for expanded Real World Assets (RWAs) - Increased protocol revenue mechanisms Learn more about the v3 proposal and its implications for Hifi's future in their [detailed blog post](https://blog.hifi.finance/v3-proposal-adc59ff52713).
Real World Asset Tokenization Market Projected to Hit $16T by 2030
The tokenization of Real-World Assets (RWAs) is emerging as a significant bridge between traditional finance and digital assets. Here are the key developments: - RWA tokenization converts physical assets into blockchain-based digital tokens - Market projected to reach $16 trillion by 2030 (Boston Consulting Group) - Securities tokenization and yield-bearing stablecoins gaining traction - Focus on increasing asset accessibility and operational efficiency *Current limitations exist* but the trajectory points toward mass adoption as the technology matures.
Hifi DAO Opens Forum Discussions for Three New Improvement Proposals
Hifi DAO has launched forum discussions for three new improvement proposals (HIPs 11, 12, and 13). These discussions provide community members an opportunity to review and provide feedback before the proposals go live on Tally. - Forum discussions are now open for community input - Proposals will go live on Tally on November 15th, 2024 - Follows successful discussions of HIPs 9 and 10 from October **Key Action**: Community members can participate in discussions before the formal voting process begins. Visit the official blog post to join the conversation.