Hifi Finance August 2025 Protocol Update

Hifi Finance has added liquidity to a new market following HIP 17 implementation. The current market will close on **March 27, 2026**. **Action Required:** - Users with active borrow positions must migrate before the deadline - Users with active lend positions must migrate before the deadline - Users with active LP positions must migrate before the deadline The new market is now live and accessible at [app.hifi.finance/borrow](https://app.hifi.finance/borrow). This transition follows the deployment of the final v2 market in March 2025, which was designed to maintain uninterrupted service during the community's shift to Hifi v3. **Next Steps:** Visit the Hifi Finance app to migrate your positions to the new market.

**Hifi Improvement Proposal 17** has just 3 days left for voting, with **quorum already met** and majority support secured. The proposal aims to: - Maintain essential protocol operations - Preserve continuity for existing users - Keep fixed-rate lending accessible - Extend baseline operational plan through March 26, 2027 This **critical vote determines the future** of the Hifi DAO and ensures the protocol has necessary resources to continue functioning safely. Voting is live at [Tally](https://www.tally.xyz/gov/hifi-dao/proposal/16) - HIFI token holders can participate in this governance decision that will shape the protocol's direction through 2027.

**Binance announced it will delist $HIFI token on September 17, 2025**, marking another major exchange departure for the DeFi lending protocol. The Hifi team acknowledged this as a **"difficult setback"** but emphasized their commitment to maintaining core infrastructure and supporting the community. **Key points:** - Delisting follows similar moves by Upbit and Bithumb earlier this year - Team remains focused on protocol development despite exchange exits - Full statement available on [Hifi's blog](https://blog.hifi.finance/team-statement-september-3-2025-ee2ea2e5e2d4) The delisting adds pressure on the fixed-rate lending protocol as it loses access to major trading venues. However, the team's continued infrastructure commitment suggests ongoing development efforts. *Read the complete team response for details on next steps.*

**Important Update**: A new lending market is now live on Hifi Protocol. The current market will expire in 24 hours, making it crucial for users to migrate their positions. - Users need to transition existing borrowing and lending positions to the new market - Current market expires on June 27th - Migration ensures uninterrupted lending and borrowing services *Action Required*: Move your positions to the new market within the next 24 hours to maintain continuous access to lending services.