TechFlow reports that on March 19, according to South Korean digital asset exchange Upbit, the Hifi Finance (HIFI) governance proposal was approved on March 18, authorizing the minting of an additional 25 million HIFI tokens, increasing the total supply from 146.25 million to 171.25 million. The newly issued tokens will begin unlocking in March 2025 and will be fully distributed over a 21-month period.
The token issuance is associated with the launch of Hifi Finance v3, aimed at supporting the transition from v2 to v3 and extending contracts with the protocol's development team. The Digital Asset Exchange Alliance (DAXA) has issued an investment warning regarding HIFI, advising investors to remain cautious of potential price volatility risks.
