Mainframe
Crypto Overview
Project Overview
Mainframe (MFT), now known as Hifi Finance (formerly Mainframe Lending Protocol), has undergone significant changes since its inception. The project has evolved from a decentralized communications platform to a DeFi lending protocol.
Current Purpose & Utility
Hifi Finance operates as a fixed-rate, fixed-term lending protocol on the Ethereum blockchain. The platform allows users to borrow assets against their crypto collateral and enables lenders to earn interest by providing liquidity to the lending pools.
Platform Activity
The protocol actively operates on Ethereum, with regular development updates and protocol improvements. The development team maintains consistent activity on GitHub, and the platform has integrated with various DeFi protocols.
Token Distribution & Governance
The MFT token serves as the protocol's governance token, allowing holders to participate in decision-making regarding protocol parameters and updates. Token distribution includes allocations to the team, early investors, and the community.
Crypto Impact
To assign a comfort level investing in Mainframe from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Mainframe.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.