About Hifi Finance

Hifi is a DeFi protocol offering fixed-rate, fixed-term loans on Ethereum blockchains, allowing users to borrow against crypto with predictable terms. Its success is gauged by the volume of debt it handles, facilitating fixed-rate lending/borrowing through tokenized debt and expanding DeFi with new collateral types. Like other DeFi platforms, Hifi uses over-collateralization. Borrowers must over-collateralize before minting hTokens. The collateralization ratio can be 150% or higher depending on factors such as the quality of the asset, oracle reliability, and market conditions. Historically, Mainframe rebranded to Hifi Finance and performed a 100:1 token swap. More info is at https://blog.hifi.finance/hifi-token-swap-tutorial-210fe5fcdc8d and MFT token info at https://cryptorank.io/price/...