About Hifi Finance
Market Stats
Market Cap
₹1.40B
0.28%
FDV
₹1.49B
Circ. Supply
9.4B MFT
Max Supply
10B MFT
Total Supply
10B MFT
Diluted Valuation
₹1.24B
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
₹161.07
0.54%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
₹3.15
Price Change (1Y)
-69.65%
Additional details
Recent trends
The latest MFT price is ₹0.15. Hifi Finance's all time high is ₹3.15, which was reached on April 3, 2021. This is a -95% change from its price today.
The current circulating supply of Hifi Finance is 9,386,552,599. This is 94% of its max supply of 10,000,000,000 MFT and 94% of its total supply of 10,000,000,000. The market cap is currently ₹1.40B, which is a result of multiplying the current price of Hifi Finance(₹0.15) by the total supply(10,000,000,000 MFT). The fully diluted valuation of Hifi Finance is ₹1.49B. The diluted valuation of Hifi Finance is ₹1.49B.
Market details
MFT vs markets
↘ 78.13%
MFT vs BTC
↘ 81.34%
MFT vs ETH
↘ 57.41%
Tags
platform
communications-social-media
content-creation
defi
+1
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xDF2C7238198Ad8B389666574f2d8bc411A4b7428 |
Price history
Time | Price | Change |
|---|---|---|
Today | ₹0.15 | 0.00% |
1 Day | ₹0.15 | 0.00% |
1 Week | ₹0.15 | ↗ 0.50% |
1 Month | ₹0.25 | ↘ 41.93% |
1 Year | ₹0.47 | ↘ 69.65% |
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 INR currency in real-time. Get the live price of Hifi Finance on Coinbase.
The current market cap of Hifi Finance is ₹1.40B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Hifi Finance is ₹3.15. 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 ₹161.07.
Assets that have a similar market cap to Hifi Finance include Datarius Credit, FansTime, MyToken, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Hifi Finance is 9.4 billion.
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