About Hifi Finance
Market Stats
Market Cap
Not enough data
FDV
$16,364,928.87
Circulating Supply
Not enough data
Max Supply
10,000,000,000 MFT
Total Supply
10,000,000,000 MFT
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
Not enough data
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$0.0364
Overall Price Change (1Y)
-0.8%
Additional info about Hifi Finance
Recent trends
The current price is $0.0016 per MFT with a 24-hour trading volume of $0.00. Currently, Hifi Finance is valued at 95.50% below its all time high of $0.0364. This all-time high was the highest price paid for Hifi Finance since its launch. The current circulating supply of Hifi Finance is 0 MFT which means that Hifi Finance has as total market cap of $0.00.
Market details
MFT vs markets
↘ 82.83%
MFT vs BTC
↘ 85.36%
MFT vs ETH
↘ 62.06%
Tags
platform
content-creation
smart-contracts
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xDF2C7238198Ad8B389666574f2d8bc411A4b7428 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0016 | ↗ 1.08% |
1 Day | $0.0016 | ↗ 1.08% |
1 Week | $0.0016 | ↗ 2.30% |
1 Month | $0.0034 | ↘ 52.03% |
1 Year | $0.0081 | ↘ 79.91% |
FAQ
Mainframe, now known as Hifi, is a Lending Protocol in the cryptocurrency realm that aims to facilitate borrowing against crypto assets. The protocol employs a bond-like instrument, which signifies an on-chain obligation due on a specific future date. This mechanism aims to enable fixed-rate, fixed-term lending and borrowing, a feature that is increasingly sought after in the decentralized finance (DeFi) landscape. The Mainframe Token (MFT) serves as the native utility token of the protocol, used for governance votes, staking to bolster the protocol's safety, and rewarding contributors to the ecosystem.
Mainframe, or Hifi, operates by allowing users to lock collateral in a vault to mint fixed-rate, fixed-term debt tokens. These debt tokens can be swapped for instant liquidity, enabling users to leverage long, yield farm, or engage in other strategic trades without having to sell their collateral tokens. Users can also buy fixed-rate, fixed-term debt tokens at a discount. Upon the expiry of the term, these tokens can be redeemed for face value, providing lenders with a predictable return on their contribution. Additionally, users can receive compensation from trading fees by providing liquidity between debt tokens and stablecoins on an Automated Market Maker (AMM).
The Mainframe protocol, now known as Hifi, offers a range of potential use cases in the DeFi space. It aims to provide a platform for users to borrow against their crypto assets, offering a way to leverage their holdings without selling. This can be particularly useful for long-term investors, yield farmers, or those looking to engage in strategic trades. Additionally, the protocol allows users to lend by buying fixed-rate, fixed-term debt tokens, offering a predictable return on their contribution. Lastly, the protocol seeks to offer opportunities for users to receive compensation from trading fees by providing liquidity in the AMM.
Mainframe, now rebranded as Hifi, was established by Mick Hagen in 2017. Initially, the team launched a decentralized chat application and a decentralized operating system in 2018 and 2019, respectively. However, these products did not gain significant traction. In 2019, the team pivoted to DeFi and began developing a decentralized lending and borrowing platform. In early 2020, Doug Leonard, who had been with the company since 2018, took over as CEO from Mick Hagen. The team was rebuilt under Doug's leadership, acquiring the token streaming protocol Sablier and hiring its founder and developer, Paul Razvan Berg, as the lead engineer. Mainframe rebranded to Hifi in February 2021.
We update our Hifi Finance to USD currency in real-time. Get the live price of Hifi Finance on Coinbase.
The current market cap of Hifi Finance is $0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Hifi Finance is $0.0364. This all-time high is highest price paid for Hifi Finance since it was launched.
Over the last 24 hours, the trading volume of Hifi Finance is $0.00.
Assets that have a similar market cap to Hifi Finance include Digitex, HashCoin, Datarius Credit, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Hifi Finance is 0.
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Social stats
Popularity in posts
#5870
Contributors
437
Posts
652
% About Hifi Finance
0%
Articles
2
Hold times
0 days
X (Twitter)
32.07% bullish
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
437 unique individuals are talking about Hifi Finance and it is ranked #5,870 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Hifi Finance has an average sentiment score of 0 out of 5. Finally, Hifi Finance is becoming less newsworthy, with 2 news articles published about Hifi Finance.
On Twitter, people are mostly neutral about Hifi Finance. There were 37.34% of tweets with bullish sentiment compared to 16.41% of tweets with a bearish sentiment about Hifi Finance. 62.66% of tweets were neutral about Hifi Finance. These sentiments are based on 221 tweets.
On Reddit, Hifi Finance was mentioned in 93 Reddit posts and there were 1659 comments about Hifi Finance. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.