HIFI Surges After Unveiling Sheety Bot and NFT Giveaway; Synthetix to Launch Infinex: A User-Friendly, Decentralized Perpetual Futures Exchange to Boost DeFi Adoption

Daily Top Performer — Hifi Finance (HIFI)

The SPX index is up 0.15%, this week, key areas to watch are: Earnings from Oracle, Cracker Barrel, and Adobe, CPI and PPI data, Core Retail Sales, and Energy production cuts and U.S. policy could raise fuel costs. The broader cryptocurrency market is down, with Bitcoin and Ether dropping 0.59 and 0.57% respectively, in the past 24 hours. 

Today’s outperformer is HIFI, which surged 9.4% in the past 24 hours following the unveiling of a new discord bot for tracking arbitrage and token giveaway.

Hifi Finance (HIFI), launched in November 2017, is a decentralized lending protocol on the Ethereum blockchain that offers fixed interest rates. Borrowers can access the value of their crypto assets without selling them, while lenders earn a predictable return. Liquidity providers get fee-based rewards, and liquidators can profit by managing risky debt to protect the protocol. Recently, HIFI’s Pooled NFT has launched Sheety Bot, a Discord bot that tracks NFT pool activity and offers arbitrage opportunities. The bot uses AI for interactive comments and will be open-sourced in the future. To celebrate, a week-long giveaway of $SHEETp tokens is taking place. The team also updated their previous airdrop to include more participants and reward liquidity providers on Uniswap.

Check Out the Latest Prices, Charts, and Data of HIFIUSDT!

Talk of the Town:

Synthetix is planning to launch Infinex, a decentralized perpetual futures exchange front-end to reduce friction in DeFi and make it more user-friendly. Aimed at closing the gap between decentralized and centralized exchanges, Infinex will focus on simplifying account controls and transaction approvals. It will be governed by decentralized governance, allowing SNX token holders to vote on features like geo-blocking and KYC. The launch will coincide with Synthetix's v3 protocol, which will introduce permissionless markets to attract liquidity. The goal is to make DeFi as convenient as centralized financial platforms.