Borrow against your crypto without any surprises
Many of you may have heard that Mainframe (MFT) tokens are undergoing a rebranding and a token swap will be taking place in the near future finalizing the transformation of Mainframe to Hifi Finance. Along with the transformation will be a move toward full decentralization as the new Hifi tokens will empower the new lending platform's governance model.
The reason I wanted to post this project first is because Hifi is currently flying almost completely under the radar of most investors and almost all of the talking heads of crypto. In a few months this is set to become a fully functional, decentralized, lending and borrowing platform with fixed interest rates on undercollateralized loans. You heard that right, lending in crypto right now requires 100% or higher collateralization but Hifi is working on a solution to that restrictive form of lending. It looks like they may have to start out with fully collateralized loans and then shift to the undercollateralized process, but still, they are set to be the first in the crypto genre to be able to offer something that the space has been waiting on for a long time.
Hifi token holders will be eligible to earn a small percentage of the lending fees in the future and being an investor may also hold other yet to be determined benefits in the future that will increase token value over time.
Note that I'm just a regular guy on the Internet and I have no training in finance or investing and I'm not telling anyone to invest in this token. But it was not but a few weeks ago before this latest dip that it was up around $0.03 and after the coin swap, rebranding, and shift toward full decentralization occurs I would expect a good bump. They are currently not even listed as a DeFi project and so they don't appear on the web sites that everyone visits to find good new projects, so what do you think will happen when they finally qualify as a DeFi and become more visible to thousands of investors?
What is really interesting is that they own the Sablier crypto payments protocol which is listed on in the 23rd spot on Defi Pulse. If Hifi were currently listed on Defi pulse that would be in the 41st slot. I hear those YouTube crypto talking heads saying that DeFi is going to go crazy again in the second half of this current Bull market, I think the current investors will be shocked when they discover that they let this gem slip past them and they will be scrambling to get involved when they realize what Hifi is working on and that they are ahead of the game.
Did I fail to mention NFT's? Hifi is also a big investor in NFT's and they also plan to be the first lending protocol to accept NFT's as collateral, is that cool or what?
Check them out and think about joining me as in investor, I think these guys have a lot going for them.
Comments