MainframePrice

(MFT)

To migrate your tokens, you can use the official Hifi swap portal by connecting a compatible software or hardware wallet. If you hold your tokens on a major exchange like LBank, the migration process is typically handled automatically by the platform. The swap contract on the Ethereum mainnet is intended to remain open indefinitely, allowing users to migrate at their own pace to access the new protocol features and utility within the Hifi ecosystem.

The official migration ratio is 100:1. This means that for every 100 MFT tokens swapped, you will receive 1 HIFI token. This consolidation was part of the project’s rebranding and technical overhaul to streamline the tokenomics for its new focus on decentralized lending and fixed-rate products.

Mainframe originally launched with a vision centered on decentralized communications and privacy layers. However, the project pivoted to the Decentralized Finance (DeFi) sector to address the market need for fixed-rate lending. This strategic shift led to the full rebranding to Hifi Finance, focusing on providing a robust platform for fixed-term interest rate protocols, which offers more predictability than the variable rate models found in many other decentralized lending platforms.

Unlike many lending protocols that utilize variable interest rates, Hifi Finance specializes in fixed-rate, fixed-term lending. This allows borrowers and lenders to lock in a specific interest rate for a set period, providing certainty and protection against market volatility. Users can borrow against their collateral by issuing bond-like instruments, which are then traded at a discount to determine the fixed yield.

The HIFI token serves several critical roles within the ecosystem. It is primarily used for decentralized governance, allowing holders to propose and vote on protocol parameters and upgrades. Additionally, HIFI tokens can be used for staking to help secure the protocol. The token is also designed to potentially capture value from protocol-generated fees, aligning the interests of the token holders with the long-term growth of the lending platform.

Hifi Finance has expanded its lending capabilities by integrating Real World Assets (RWAs) as collateral. This allows users to tokenize physical assets—such as vehicles or real estate—and use those tokens to secure loans within the Hifi protocol. By bridging traditional finance with decentralized technology, Hifi enables users to unlock liquidity from non-digital assets, broadening the scope of collateral options beyond standard cryptocurrencies.