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Hyper Finance

HYFI

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$0.000290
8/17/2022, 7:51:35 AM
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The current price is $0.00029 per HYFI. The new price represents a new all time high of $0.00029.

About

What Is Hyper Finance (HYFI)?

Hyper Finance (also known as HyFi.pro) is a protocol based on Binance Smart Chain that aims to offer safe and efficient mining projects to users. The platform is a decentralized aggregate mining network that offers mining yields to the participants available on the network. Decentralized aggregate mining is a system where the network selectively includes safe mining projects for the user to participate in. 

The platform utilizes proprietary strategies that auto-compound the mining yield and aim at offering effective APYs (annual percentage yield) to the user. The platform is aligned with Venus, PancakeSwap, Ellipsis, Belt, etc. protocols for mining activities. Below mentioned are the use cases of the Hyper Finance network:

  • Adaptive re-deploy: the network seeks to adjust the frequency of harvest and then auto re-deploy the funds to boost the compound yield for the user.

  • Recurring loan: the network aims to improve the mining pool APY by 1.5 to 2X with leveraged loans. Leveraged loans are the extended form of loans that are financed in the protocol by users in the form of compound yield.

HYFI is the native incentive and governance token available on the platform. The token is provided to the users as a reward for participating in the mining project. The maximum supply of HYFI is 200 million of which 80% is secured for community reward (mining, staking, ecosystem, DAO), 5% for participants and advisors, 10% for developers and future employees, 3% for growth and marketing, and 2% for IFO (initial farm offering).

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