HIP 8 Voting Live!

Hifi Finance
Hifi Finance | Official blog
1 min readMay 5, 2024

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Governance voting on Hifi Improvement Proposal 8 is live on Tally, and aims to integrate the $RCC1 (Residential Construction Collateral 1) and $HC1 (Horse Collateral 1) as collateral in the Hifi Protocol. Additionally, this proposal introduces new agreements among HIFI DAO, Mainframe Group Inc., and Finance Ventures.

To cast your votes, simply head over to the proposal on Tally.xyz! Before voting, feel free to view or join the community discussion on the Hifi Forum.

Vote Timeline

The voting window will be open for 5 days. If the voting threshold is met and the proposal passes, the process to implement the changes will begin. If the vote does not pass, no changes will be made and future drafts of the proposal may be considered if necessary.

These real-world asset collateral types will help us hit our 2024 goal of $25M in TVL on the protocol! Be a part of our growing community on Discord and Twitter.

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Hifi Finance
Hifi Finance | Official blog

(Formerly Mainframe) Fixed-rate borrowing against crypto, giving users instant liquidity to multiply their investment.