Hifi (previously Mainframe) is a digital asset in the decentralized finance (DeFi) sector, providing lending protocols through bond-like instruments. These lending arrangements are made using a participant’s crypto as collateral, with specific future settlement dates. Fixed-rate borrowing is a hallmark of Hifi Finance, mitigating risks from fluctuations in the market.
Borrowers, mint tokens as a result of depositing crypto assets as collateral. Lenders then purchase the token debt, typically as a discount, and redeem the original face value upon maturity.