Reward: 5 HIFI | 1.65$
https://academy.binance.com/en/learn-and-earn/course/what-is-hifi-finance-hifi-BN867632120091070465?chapterIndex=2
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.
Source: https://t.me/binance_announcements/5304
