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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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