Hifi Finance

**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)

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 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.

Hifi DAO has completed a significant lending transaction using real-world assets (RWA) as collateral: - **Loan Amount**: $150,000 - **Collateral Type**: Medical Equipment - **Transaction Date**: October 30, 2024 This follows recent lending activity including a $20,000 USDC loan against $HIGHER tokens at 80% APY earlier in October. *The successful RWA transaction demonstrates Hifi's expanding capability in facilitating loans backed by physical assets.*

Hifi Finance participated as gold sponsors at Permissionless III conference. The team's co-founder delivered insights during a discussion panel, continuing their active engagement following their previous appearance where they explored L2 convergence topics. Key highlights: - Team attended as gold sponsors - Panel discussion featuring @dleonard00 - Builds on previous conference participation - Demonstrates continued industry engagement Full details and panel recording available on Hifi's blog.

**Permissionless III winners announced:** - @charliedbrooks wins Moonwalkers - @GregTomaselli wins OB-4 Speaker - @muchfungible wins Meta Wayfarer Winners can claim their prizes at booth #1427. This follows a similar announcement pattern to previous events, where winners were congratulated and invited to claim their prizes at a designated booth. Such contests appear to be a regular feature of blockchain and web3 conferences, fostering community engagement and excitement.

Our CEO, @dleonard00, is set to speak at the @Permissionless Institutional Track in Salt Lake City, Utah. The event details are: - **Date**: Thursday, October 10th - **Time**: 2:10 PM (MST) - **Topic**: Cryptobanking: Lending, Stables, and LSTs Doug will be joined by notable industry leaders for this discussion. Additionally, the conference will feature other interesting panels, including: - 'The Value of Provenance in an AI Powered Future' - **Time**: 4:00 - 4:40 pm MT - **Location**: Crypto x AI Track - 1st Floor; Room 151 Attendees are encouraged to participate in these insightful sessions.

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.