Based on the latest announcement from the Binance exchange – where ONUS takes liquidity for MFT, this project will make the redenomination from Mainframe (MFT) to Hifi Finance (HIFI). All MFT tokens will be converted to HIFI tokens at a ratio of 1:0.01 (1 MFT = 0.01 HIFI).
To aid in this conversion, ONUS has halted all trading in MFT assets, including Off-chain transactions and Exchange.
Maintenance time: To 08:00 AM UTC on January 12, 2023.
On January 12, 2023, full functionality for HIFI assets will be restored when the maintenance progress is completed.
About Mainframe and MFT Token
Hifi Finance (formerly Mainframe) is a Lending Protocol that allows anyone to borrow against their crypto. Hifi uses a bond-like instrument, representing an On-chain obligation (fixed-rate, fixed-term) that settles on a specific future date.
MFT is a native token of the Hifi Finance ecosystem, operating on Ethereum according to ERC20 standard, and can be used to:
- Participate in the governance process
- Stake to ensure the safety of the protocol
- Reward contributors of the ecosystem