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More details: https://twitter.com/keketokencoin/status/1660963610141814787?s=20
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1. To what can Hifi Governance allocate the resources from the fee switch?
All of the above.
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To capture an origination fee.
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HIFI token holders
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- HIFI token holders
7. What is the role of Liquidators in Hifi Finance?
- Sell off collateral and pay off debt for risky borrowers.
8. What is the role of HIFI token holders in Hifi Governance?
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9. What is the purpose of Hifi Finance?
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- HIFI token holders
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➡️ Claim : https://academy.binance.com/en/learn-and-earn/course/what-is-hifi-finance-hifi-BN867632120091070465?chapterIndex=2
📖 Answer :
1. To what can Hifi Governance allocate the resources from the fee switch?
All of the above.
2. What is the purpose of the fee switch in the Hifi Lending Protocol?
To capture an origination fee.
3. What are the three ways in which users can earn a return in Hifi Finance?
Lending, providing liquidity, and protecting the protocol from bad debt.
4. What makes Hifi unique compared to other lending protocols?
Its fixed interest rate offering.
5. Who manages the administrative functions in the Hifi Lending Protocol?
HIFI token holders
6. Who is responsible for managing the Hifi Lending Protocol?
- HIFI token holders
7. What is the role of Liquidators in Hifi Finance?
- Sell off collateral and pay off debt for risky borrowers.
8. What is the role of HIFI token holders in Hifi Governance?
- Both A and B.
9. What is the purpose of Hifi Finance?
- Provide a new way of lending and borrowing.
10. Who votes on which assets users can borrow against in Hifi Finance?
- HIFI token holders
11. How do Liquidity Providers earn a reward in Hifi Finance?
- Providing liquidity for interest-rate markets.
12. What is Hifi Finance?
- A decentralized lending protocol built on Ethereum.
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