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Binance L&E ( Small Profit)

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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