Background

Hifi Finance

Hifi is a decentralized finance protocol that allows users to lend and borrow crypto at a fixed interest rate. Hifi Governance is the community-organized process for managing risk and incentives to ensure the protocol’s smooth operation. HIFI token holders decide which assets users can borrow against, this can include Ethereum-based tokens, NFTs, or even tokens backed by real-world assets. At the center of the Hifi Lending Protocol is a fee switch, that once turned on captures an origination fee every time a user borrows from the protocol.

Integrationstwitter

CEO to Speak at Permissionless Conference

Tue 15th Oct 2024
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.
Community article

Hifi DAO Executes HIP 9 and HIP 10

Tue 15th Oct 2024
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.
Community article

Hifi Improvement Proposals Queued for Execution

Tue 15th Oct 2024
Two Hifi Improvement Proposals (HIPs) have been queued for execution after a successful voting period: - **HIP 9**: Aims to integrate Medical Equipment as collateral in the Hifi protocol - **HIP 10**: Proposes the appointment of @dleonard00 as DAO Manager These proposals will be implemented following a short waiting period, marking significant steps in Hifi's governance and expansion. *Key points:* 1. Medical Equipment to be added as collateral 2. New DAO Manager to be appointed 3. Changes reflect community-driven governance in action *Next steps:* Stay tuned for the execution of these proposals and their impact on Hifi's ecosystem.
Community article
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