Greetings, Pi42 traders! We’re thrilled to announce the arrival of Hifi Finance (HIFI) on our platform.
Now, Indian crypto enthusiasts can seamlessly trade the leading RWA token with INR futures on Pi42.
What is Hifi Finance (HIFI)?
Hifi Finance is a pioneering decentralized finance (DeFi) protocol built on the Ethereum blockchain. Launched in November 2017, Hifi empowers users with:
- Fixed-Interest Rate Lending and Borrowing: Unlike traditional variable-rate lending platforms, Hifi offers fixed interest rates for both lenders and borrowers, providing greater predictability and stability for your crypto assets.
- Wide Range of Supported Assets: Hifi supports a diverse selection of popular cryptocurrencies, allowing users to leverage their holdings for earning or borrowing.
- Community-Governed Ecosystem: HIFI token holders play a crucial role in shaping the future of the Hifi protocol through decentralized governance.
Key Features of Hifi Finance:
- Simplified DeFi Experience: Hifi offers a user-friendly interface, making it easier for newcomers to participate in DeFi lending and borrowing.
- Enhanced Transparency: Hifi prioritizes transparency by providing real-time data and insights into the protocol’s health and performance.
- Community-Driven Innovation: The Hifi community actively participates in shaping the protocol’s future development.
Trading HIFI-INR on Pi42:
Ready to unlock the potential of Hifi Finance? Here’s a step-by-step guide to trading HIFI-INR on Pi42:
- Login: Access your Pi42 account.
- Navigate: Head to the trading terminal.
- Select the Pair: Choose HIFI-INR from the dropdown menu.
- Define Your Position: Enter your desired investment amount, select your preferred leverage, and adjust the percentage according to the minimum asset requirements.
- Set Limits (Optional): Establish Take Profit and Stop Loss orders to manage your risk.
- Execute Your Trade: Click “Buy/Long” or “Sell/Short” based on your market analysis.
- Track Your Trade: Monitor your open positions in the “Orders and Positions” section below the trading chart.
Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.