Earlier this year, Hifi DAO successfully integrated $CRE1p, a digital token representing a commercial real estate property, as collateral into the Hifi Protocol.
This professionally managed asset is a 93-unit residential building, recently appraised at $7.85 million.
The security of the Hifi protocol is our utmost priority. Along with a bug bounty program, the Hifi protocol has been successfully audited by @Quantstamp.
View the audit here ⬇️ https://github.com/hifi-finance/hifi/blob/c61317db1936bd38588e29462ec02cd5178ddaf6/audits/Quantstamp%20Audit%20Report.pdf
Operating as a DAO makes our community the most important part of our ecosystem.
In today's blog, we highlight some amazing community members and showcase their efforts in helping us reach our 2024 goals 🥳👇 https://blog.hifi.finance/community-led-marketing-80375a53dd53
Hifi Labs is improving our protocol to unify liquidity, increase our ability to extend longer-duration loans, and isolate interest rate markets to be more competitive.
These changes will enable Hifi to scale our TVL and improve usability for borrowers.
Included in our 2024 roadmap, is the goal to grow our Total Value Locked (TVL) by 25x to capture more than $25M TVL by doubling down on Real World Assets.
At Hifi, we understand that navigating the world of decentralized finance (DeFi) can be confusing, so we've added 2 more videos to our series of Hifi Tutorials.
We do NOT have an official Telegram account. If you come across one claiming to be us, it's a FAKE. Please avoid interacting with it and report any suspicious activity.
HIP-8 published on Tally! 🏇🏠 Hifi Improvement Proposal 8 aims to onboard two new RWA rulesets, Residential Construction Collateral and Horse Collateral. Voting goes live in 48 hours, so use this time to delegate votes to yourself or other DAO members. https://t.co/lJMgNKTtzd
Learn how to assign delegates here: https://t.co/VoE05KpuaQ
The Forum Discussion for the 8th Hifi Improvement Proposal is now live. Now is your opportunity to review and discuss these RWA rulesets with other DAO members before voting goes live on Tally. Join the forum discussion below ⬇️
Our first RWA collateral rulesets: ✅Residential Construction ✅Professionally Managed Race-Horses Before the governance forum goes live, it's crucial to understand the overall process and define the roles of everyone involved. Blog linked in thread below ⬇️