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HyFi = (CeFi + DeFi)∞

The traditional Centralized Finance (CeFi) system suffers from many problems including those of access, efficiency, time, and cost.

Decentralized Finance (DeFi) was supposed to solve the problems of CeFi, but it has created a new set of problems, including:

  1. High & unpredictable transaction fees
  2. Slow transaction speed
  3. Zero support for KYC, AML & CFT
  4. Low to zero grievance redressal mechanisms & consumer protection

The Hybrid Finance (HyFi) Ecosystem comprises a network of blockchains with:

  1. Zero gas fees
  2. High transaction speeds
  3. KYC, AML, CFT support
  4. Nodes by verified entities
  5. Grievance Redressal & Consumer Protection
  6. Support for Data Privacy
  7. Low energy usage
  8. Advanced security features
  9. Role-based asset controls - business, compliance, regulatory
  10. Accounts and assets can be "quarantined" for investigations

HyFi Tokens provide liquidity on the HyFi network of Blockchains.

YellowPaper

Fractional Licenses of Intellectual Property (FLIPs)

The world of art, books, movies, and music can be very unfair to creators!

The copyright market for creative works involves a complex web of licensing transactions and exorbitant transaction costs. Creators barely get 15% of the revenues and even this can be delayed.

HYFI Enables creators to launch crowdfunding campaigns by inviting fans to securely finance creative works in return for a share of copyright ownership. This is done in the form of Fractional Licenses of Intellectual Property (FLIPs) - a smart asset that represents the whole or part of an Intellectual Property license.

  1. As an author, you can sell translation rights in your books through FLIPs.
  2. As a musician, you can issue FLIPs for crowdfunding your next album.
  3. As an artist, you can allow FLIP holders to use your creations to brand their products.
  4. As a film maker, you can crowdfund your next movie through FLIPs.

To launch your own FLIP, contact Shinam Arora today!

 
Hybrid NFTs

HyFi Token

HYFI Tokens provide liquidity on the HyFi network of Blockchains. A maximum of 1 billion HYFI Tokens can be issued. The tokenomics is:

  • 5%: Private Sale
  • 15%: Public Sale
  • 5%: Testnet incentive program
  • 15%: Mainnet incentive program
    To ensure decentralisation, a single person / entity can run a maximum of 25 validator nodes.
  • 10%: Airdrop
  • 10%: Team
    Architects, developers, and partners who are part of the HyFi ecosystem.
  • 25%: HyFi Foundation
    The HyFi Foundation is responsible for consumer protection, dispute resolution, and ecosystem development.
  • 15%: Ecosystem Development Fund
    The Ecosystem Development Fund is for grants to startups building innovative solutions on the HyFi Blockchain. This fund is managed by the HyFi Foundation.
Tokenomics

Roadmap

January 2021

HyFi conceptualised

December 2021

HyFi Token private sale starts

December 2021

HyFi Token Airdrop (Series 1) starts

December 2021

HyFi-GREAT Testnet goes live

Jan 2022

HyFi-GREAT goes live

May 2022

Applications to Regulatory Sandboxes begin

July 2022

HyFi Token Airdrop (Series 2 – Learn & Earn)

August 2022

HYFI FLIPs go live

Our Team

Shinam Arora

Shinam Arora

CHIEF OPERATIONS OFFICER

Rohas Nagpal

Rohas Nagpal

CHIEF BLOCKCHAIN ARCHITECT

Debasis Nayak

Debasis Nayak

CHIEF LEGAL OFFICER

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Siddharth Mehta

STRATEGIST

Samir Shah

Samir Shah

STRATEGIST

Samir Shah

Naimish Shah

ADVISOR

Samir Shah

Ritesh Chaudhari

ADVISOR

Keshav Maheshwari

Keshav Maheshwari

Marketing and Growth Manager

Sanya Nagpal

Sanya Nagpal

Evangelist

Samantak Saha

Samantak Saha

Community Manager

Miloni Shah

Miloni Shah

Evangelist

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HyFi Technology

Hybrid Finance Blockchain uses the Multichain framework with distributed consensus between identified block validators. It's close in spirit to PBFT (Practical Byzantine Fault Tolerance), but instead of multiple validators per block, there is one validator per block, working in a round-robin fashion.

  • Unified JSON-RPC API for applications - API cleanly separates the app from the node; Compatible with any API library developed for Bitcoin Core.


    Nodes can be run on 64-bit Linux, Windows, and Mac. The system requirements are very low - 512 MB of RAM and 1 GB of disk space.


    Multiple deployment options: Environment agnostic - self-hosted in a data center, public or private cloud); Accessed as a service; Nodes added simply and quickly; Shared administration model; Smooth governance transitions.


    More than 45 blockchain parameters: Block size/time, permissioning, admin consensus, mining, optional native currency.


    Data streams enable a blockchain to be used as a general-purpose append-only database, with the blockchain providing time stamping, notarization, and immutability.


Documentation

Frequently Asked Questions

If you don't find the answers to your questions here, email us on team@hyfiblockchain.com

The traditional Centralized Finance (CeFi) system suffers from many problems including those of access, efficiency, time, and cost.

Decentralized Finance (DeFi) is an umbrella term for financial applications powered by public blockchains.

DeFi was supposed to solve the problems of CeFi, but it has created a new set of problems, including:

  1. High & unpredictable transaction fees
  2. Slow transaction speed
  3. Zero support for KYC, AML & CFT
  4. Creation of a new set of intermediaries
  5. Low to zero grievance redressal mechanisms & consumer protection

Also see this BIS (Bank for International Settlements) report on DeFi risks and the decentralisation illusion.

Hybrid finance combines the best of centralized & decentralized finance.

Most public blockchains are plagued by serious problems such as high & unpredictable transaction fees; slow transaction speed; zero support for KYC & AML.

HyFi Blockchain is a network of blockchains for Hybrid Finance (HyFi) with:

  1. Zero transaction fees
  2. High transaction speeds
  3. KYC, AML, CFT support
  4. Nodes by verified entities
  5. Robust grievance redressal
  6. Strong Consumer Protection
  7. Very low energy usage

See the HyFi mindmap

Hybrid Finance Blockchain uses the Multichain framework with distributed consensus between identified block validators. It's close in spirit to PBFT (Practical Byzantine Fault Tolerance), but instead of multiple validators per block, there is one validator per block, working in a round-robin fashion.

High speed of over 1000 tps, which includes signature verification & transaction processing i.e. real Byzantine. Block time as low as 2 seconds.

General storage and search - 64 MB of data per transaction. Streams support key–value, identity, time series.

Programmability is provided by Smart Filters. This enables developers to write custom on-chain rules for validating transactions or data. Coded in JavaScript and run deterministically.

Selective Stream Indexing - When subscribing to a stream, you can control exactly how it is indexed. This improves performance and reduces disk usage.

Supports millions of addresses, assets, streams, and unlimited transactions / stream items. Also supports unlimited nodes in the network.

Selective Data Retrieval - You can control which specific off-chain items are retrieved from the network. This saves bandwidth and disk space.

Unified JSON-RPC API for applications - API cleanly separates the app from the node; Compatible with any API library developed for Bitcoin Core.

Nodes can be run on 64-bit Linux, Windows, and Mac. The system requirements are very low - 512 MB of RAM and 1 GB of disk space.

Multiple deployment options: Environment agnostic (self-hosted in a data center, public or private cloud); Accessed as a service; Nodes added simply and quickly; Shared administration model; Smooth governance transitions.

More than 45 blockchain parameters: Block size/time, permissioning, admin consensus, mining, optional native currency.

Data streams enable a blockchain to be used as a general-purpose append-only database, with the blockchain providing time stamping, notarization, and immutability.

Private Key Flexibility - It supports external private keys and multisignatures for all transactions. Cold nodes are included.

Security is also enhanced since it is forked from Bitcoin Core; Full multi-signature support; External key management (Bitcoin hardware security modules).

HyFi Tokens provide liquidity on the HyFi network of Blockchains.

  • 5%: Private Sale
  • 15%: Public Sale
  • 5%: Testnet incentive program
  • 15%: Mainnet incentive program
    To ensure decentralisation, a single person / entity can run a maximum of 25 validator nodes.
  • 10%: Airdrop
  • 10%: Team
    Architects, developers, and partners who are part of the HyFi ecosystem.
  • 25%: HyFi Foundation
    The HyFi Foundation is responsible for consumer protection, dispute resolution, and ecosystem development.
  • 15%: Ecosystem Development Fund
    The Ecosystem Development Fund is for grants to startups building innovative solutions on the HyFi Blockchain. This fund is managed by the HyFi Foundation.

Stream Read Restrictions enable you to publish and retrieve items only visible to nodes with appropriate permissions.

Fully encrypted peer-to-peer connections prevent intermediate routers from seeing any private data.

Regulatory compliance with right-to-be-forgotten regulations is provided by Off-Chain Data Purging. It supports selective deletion of off-chain data from local storage.

Multiple permissions feature ensures support for KYC, AML, CFT.

Support for role-based asset controls for business, compliance, and regulatory.

Freezing of funds can be achieved by revoking send & receive permissions.

Consumer protection is achieved through a judicious use of address allotment and permissions. Less tech-savvy users can be allotted custodial addresses.