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Reward: 5 HIFI | 1.65$
πΉBinance Learn Page
πΉTo what can Hifi Governance allocate the resources from the fee switch?
-All of the above.
πΉWhat is the purpose of the fee switch in the Hifi Lending Protocol?
-To capture an origination fee.
πΉWhat are the three ways in which users can earn a return in Hifi Finance?
-Lending, providing liquidity, and protecting the protocol from bad debt.
πΉWhat makes Hifi unique compared to other lending protocols?
-Its fixed interest rate offering.
πΉWho manages the administrative functions in the Hifi Lending Protocol?
-HIFI token holders
πΉWho is responsible for managing the Hifi Lending Protocol?
- HIFI token holders
πΉWhat is the role of Liquidators in Hifi Finance?
- Sell off collateral and pay off debt for risky borrowers.
πΉWhat is the role of HIFI token holders in Hifi Governance?
- Both A and B.
πΉWhat is the purpose of Hifi Finance?
- Provide a new way of lending and borrowing.
πΉWho votes on which assets users can borrow against in Hifi Finance?
- HIFI token holders
πΉHow do Liquidity Providers earn a reward in Hifi Finance?
- Providing liquidity for interest-rate markets.
πΉWhat is Hifi Finance?
- A decentralized lending protocol built on Ethereum.
Reward: 5 HIFI | 1.65$
πΉBinance Learn Page
πΉTo what can Hifi Governance allocate the resources from the fee switch?
-All of the above.
πΉWhat is the purpose of the fee switch in the Hifi Lending Protocol?
-To capture an origination fee.
πΉWhat are the three ways in which users can earn a return in Hifi Finance?
-Lending, providing liquidity, and protecting the protocol from bad debt.
πΉWhat makes Hifi unique compared to other lending protocols?
-Its fixed interest rate offering.
πΉWho manages the administrative functions in the Hifi Lending Protocol?
-HIFI token holders
πΉWho is responsible for managing the Hifi Lending Protocol?
- HIFI token holders
πΉWhat is the role of Liquidators in Hifi Finance?
- Sell off collateral and pay off debt for risky borrowers.
πΉWhat is the role of HIFI token holders in Hifi Governance?
- Both A and B.
πΉWhat is the purpose of Hifi Finance?
- Provide a new way of lending and borrowing.
πΉWho votes on which assets users can borrow against in Hifi Finance?
- HIFI token holders
πΉHow do Liquidity Providers earn a reward in Hifi Finance?
- Providing liquidity for interest-rate markets.
πΉWhat is Hifi Finance?
- A decentralized lending protocol built on Ethereum.
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