Introducing Hashrate+DeFi—HashFi
HashFi is a comprehensive hashrate protocol with a dual-token ecosystem, adapting to various demands of all participants. It brings more financial possibilities to hashrate with DeFi. $ETHST(standardized ETH Hashrate Token), is pegged to 1 MH/s ETH hashrate. Users can earn the mining rewards of ETH by staking ETHST.
Let’s take a look on a deep definition of $HFI and $ETHST token to let you understand how this ecosystem works. $ETHST is the tokenized standard hashrate with no upper limit on quantity, and all ETHST tokens are 1:1 pegged to the real world Ethereum mining power held by HashFi. Each unit of ETHST anchors 1 MH/s Ethereum hashrate with a power consumption ratio of 3 W/MH. Holding ETHST tokens is legally and functionally equivalent to possessing the corresponding hashrate.
HashFi Key Features
✅ Comprehensive-multi scenarious meet complex needs of different ecosystem
✅ Liquidity-withdrawable and tradable in real time, enabling holders to enjoy sufficient and effective liquidity.
✅ Low Threshold-the platform offers low threshold, the tokenization of hashrate has broken the threshold of traditional crypto mining.
Architecture of HashFi
HashFi adopts a dual-token model, Ethereum Standard Hashrate Token (“ETHST”) and HashFi Token (“HFI”). ETHST is a fungible token collateralized by standard Ethereum mining power. Each unit of ETHST anchors 1 MH/s Ethereum hashrate with a power consumption ratio of 3W/MH; HFI is the native token of the project platform, which is designed to incentivize active and valued participants of the project and be used as platform utility tokens.
ETHST Holder Benefits
1. Stake ETHST for Ethereum Mining
Participants can stake their ETHST in the HashFi mining pool and be entitled to a certain amount of
ETH as mining rewards of yield farming
The net mining reward is distributed in a decentralized way, through the deployed smart
contract, according to each participants’ proportion of staked ETHST in the HashFi mining
pool on a block-by-block basis
If the staked ETHST in the mining pool is less than 60% of the total issued ETHST
• 60% of the total net mining reward will be distributed to ETHST stakers
• 10% will be allocated for HashFi ecosystem development
• 30% will be reserved in the project treasury
If the staked ETHST in the mining pool is greater than 60% of the total issued ETHST
• 90% of the total net mining reward will be distributed to ETHST stakers
• 10% will be allocated for HashFi ecosystem development
Users can stake or unstake their ETHST in the mining pool and claim their mining rewards
any time during the period.
Leaving ETHST in the wallet or depositing it in the ETHST-USDT liquidity pool will not entitle
the holder any mining rewards.
2. Get Rewards as ETHST Liquidity Provider
By depositing ETHST and USDT in the liquidity pool for the ETHST-USDT pair in a Decentralized
Exchange platform, such as PancakeSwap, ETHST holders are entitled to proportional transaction fee
collected by the liquidity pool and HFI tokens rewarded by the HashFi
3. A Leveraged ‘Call Option’ for ETH
The price of ETHST is highly related to the price of standardized mining power, which means highly
related to the price of ETH. Holding ETHST is holding a de facto ‘call option’ for ETH with premiums
collected everyday (mining rewards)
4. Arbitrage Opportunities
The price of ETHST will deviate from the fair market value of the anchoring mining power, under
the influence of market sentiment and fundamentals. This will always provide decent arbitrage opportunities for ETHST holders
The base rewarding ratio of the ETHST mining pool during the current mining cycle will be calculated based on 90% of the net rewards during the last mining cycle. In terms of a long term time frame, the weighted results of this difference are close to convergence, thus ensuring the fairness and stability of the release of mining reward.
HFI TOKEN INFO AND USE CASES
HFI is the native token on the platform with the total amount fixed at 10 million. It is designed as the cornerstone of the incentive structure for the HashFi platform. It can be used for the payment of any applicable fees on the platform in the future. HFI token stakers may have a right to propose or vote on the deployment of new features or the adjustment of current features of the platform.
● The total number of HFI is 10 million
● 55%: Ecological and community incentives
● 20%: rewards to initial mining power contributors
● 15%: Team incentives. 5% tokens vest every six months after six months from the Token
Genesis Event
● 10%: Project reserve for operations and marketing
ABOUT HashFi
HashFi is a comprehensive hashrate with a dual-token ecosystem, adapting to various demands of all participants. It brings more financial possibilities to hashrate with DeFi.
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