Permissionless III Winners Announced

**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.*

Hifi Finance has released their August 2025 update highlighting significant protocol changes: - Total Value Locked (TVL) reaches **$20M** milestone - PooledNFTs feature transitions to withdrawal-only mode - Important protocol adjustments following April's Resetting Expectations announcement For complete details, read the [full update blog post](https://blog.hifi.finance/august-2025-hifi-update-00fe076c2f3b) Previous context: [Resetting Expectations](https://blog.hifi.finance/resetting-expectations-957be6b7ef13) from April 2025

**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.

Hifi Improvement Proposal (HIP) 16 has successfully implemented a significant liquidity addition to the HIFI/USDC trading pair on Uniswap. The proposal allocated: - $200,000 in USDC - $200,000 in HIFI tokens This initiative builds upon previous liquidity bootstrapping efforts, including HIP 14 and HIP 6, to enhance trading efficiency and depth in the HIFI ecosystem. View the trading pair on [Uniswap](https://app.uniswap.org/explore/tokens/ethereum/0x4b9278b94a1112cad404048903b8d343a810b07e)

Hifi Improvement Proposal 16 (HIP 16) has successfully passed with 5.9 million votes in favor. The proposal establishes a baseline strategy for the Hifi DAO during a period of strategic uncertainty. Key timeline: - Apr 21: Forum discussion opened - Apr 23: Proposal published on Tally - Apr 25: Voting began - May 2: Proposal passed The approved plan includes: - Financial allocation guidelines - Collateral management updates - DEX liquidity provisions - Contingency measures for potential wind-down [View full proposal details](https://www.tally.xyz/gov/hifi-dao/proposal/15) [Read implementation blog](https://blog.hifi.finance/hip-16-update-proposal-passed-9c7dea346d64)