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Reward: 5 HIFI | 1.65$
🔹Binance Learn Page
🔹To what can Hifi Governance allocate the resources from the fee switch?
🕸️ All of the above.
🔹What is the purpose of the fee switch in the Hifi Lending Protocol?
🕸️ To capture an origination fee.
🔹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.
🔹What makes Hifi unique compared to other lending protocols?
🕸️ Its fixed interest rate offering.
🔹Who manages the administrative functions in the Hifi Lending Protocol?
🕸️ HIFI token holders
🔹Who is responsible for managing the Hifi Lending Protocol?
🕸️ HIFI token holders
🔹What is the role of Liquidators in Hifi Finance?
🕸️ Sell off collateral and pay off debt for risky borrowers.
🔹What is the role of HIFI token holders in Hifi Governance?
🕸️ Both A and B.
🔹What is the purpose of Hifi Finance?
🕸️ Provide a new way of lending and borrowing.
🔹Who votes on which assets users can borrow against in Hifi Finance?
🕸️ HIFI token holders
🔹How do Liquidity Providers earn a reward in Hifi Finance?
🕸️ Providing liquidity for interest-rate markets.
🔹What is Hifi Finance?
🕸️ A decentralized lending protocol built on Ethereum.
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