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.
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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 ⬇️
Today, we are introducing our latest collateral ruleset: 🏇Professionally Managed Racehorses 🏇 This real-world asset (RWA) class pushes us forward to our 2024 goal of growing Hifi’s TVL to $25M! For details, check out the blog linked in the thread ⬇️
To help the community keep tabs on our progress, we’ve published a new Hifi Metrics Dashboard. This dashboard includes useful information such as Total Value Locked (TVL), Protocol-Owned Liquidity, Aggregate Loan Volume, and much more! Check it out 📊 https://t.co/gKdP653G4J
As we continue to scale we are looking for ways to streamline how RWA collateral is brought on-chain. We’ve outlined RWA framework improvements to help us move faster. ⏩ Read More 👀
Backed by traditional assets, real-world asset tokenization brings assets on-chain as tokens to utilize the security and efficiencies blockchain technology. RWAs can serve as a reliable digital asset class that put DeFi in direct competition with traditional finance.
In June, the core team tokenized our first RWA, 1952 Volkswagen Type 2 DeLuxe Microbus with 19,000 original miles valued at $650,000. Since then, we've added tokenized commercial real estate valued at $7.85M to the roster. We're just getting started...