Berlin, Germany, August 14, 2024, Chainwire
FILLiquid, the pioneering borrowing and leasing platform, has achieved the feat of amassing over $1 million in FIL deposits simply 21 days after its mainnet launch.
This speedy development not solely highlights the potential of FILLiquid, but in addition the alternatives it gives to FIL holders.
The Filecoin-based protocol gives 4 distinctive routes to potential income whereas additionally permitting storage suppliers to unlock liquidity of their miner nodes for use as collateral to safe FIL loans geared toward growing storage energy.
FILLiquid deposits $1 million in FIL in simply 21 days
FILLiquid will launch its mainnet on July 23, 2024, and simply three weeks after going stay, $1 million price of FIL belongings have already been deposited into the liquidity pool.
The rise to the $1 million milestone alerts rising expectations for varied options on the Filecoin community as FIL holders deposit tokens into liquidity swimming pools for leasing.
The platform is conducting two rounds of incentivized testnet earlier than the launch of its mainnet and has already began distributing the FIG airdrop to individuals.
FILLiquid gives a number of routes to potential income via leasing, staking, farming and income sharing, in addition to an inbound burning mechanism that turns FIG, the native token behind the platform, right into a deflationary asset.
Reputation of FILLiquidFILLiquid is gaining recognition amongst FIL holders as a result of the open-source platform gives a singular service by permitting FIL holders to generate potential income from their belongings via leasing.
The open supply leasing protocol gives depositors dynamic rates of interest that enhance as extra loans are secured by storage suppliers on the platform.
Whereas leasing FIL, depositors may also farm the platform’s native token, FIG, utilizing FIT, a liquidity staking derived token issued through the deposit course of. Moreover, FIG holders may also stake their belongings to earn income on the platform.
With $1M price of deposits in slightly below three weeks, FILLiquid has undergone two high-profile safety audits by CertiK and Salus, offering peace of thoughts and confidence to the neighborhood. The corporate additionally hosts a bug bounty program for anybody who finds vulnerabilities in its sensible contracts, additional enhancing the safety of the platform.
The FILLiquid Distinction
FILLiquid stands out from different FIL-based leasing options as a result of its audited platform permits storage suppliers to leverage locked liquidity to safe loans.
The thought behind the FILLiquid protocol is to facilitate the expansion of Filecoin storage capabilities and broaden the community’s information storage capability in a sustainable approach.
To attain this, FILLiquid permits storage suppliers to bind their miner nodes to a sensible contract, giving them the power to safe FIL loans from liquidity swimming pools utilizing the locked FIL collateral of their nodes as collateral.
Consequently, FILLiquid helps storage suppliers enhance capital effectivity by decreasing their monetary burden and permitting them to accumulate FIL as collateral for elevated storage energy.
What's subsequent for FILLiquid?
With mainnet now stay and FIG distribution underway, FILLiquid is gearing up for the discharge of its FIG staking product, introducing income sharing and burning mechanisms to the ecosystem.
Moreover, FILLiquid plans to launch a non-public presale spherical for the FIG token and set up additional partnerships with tasks inside the Filecoin ecosystem.
The accomplishments FILLiquid has achieved in a brief house of time display its potential to redefine the Filecoin panorama and supply unparalleled alternatives for crypto traders and FIL holders. Because it continues to innovate and broaden, FILLiquid stays targeted on driving sustainable development and unlocking new prospects for the way forward for digital belongings.
About FILLiquid
FILLiquid is a leasing platform that connects $FIL token holders with storage suppliers, the winners of the Filecoin DeFi Hackathon in 2023. The platform permits $FIL holders to probably earn income via leasing and permits storage suppliers to entry $FIL liquidity at market-based charges to scale their storage choices.
The protocol goals to assist within the continued growth of Filecoin's storage energy with out growing the monetary burden on storage suppliers, as they don’t seem to be required to deposit cryptocurrency or fiat foreign money as collateral. As an alternative, FILLiquid permits beneficiary addresses for use as collateral to safe $FIL loans, setting it other than different centralized and decentralized leasing platforms within the business.
Web site – Twitter – Discord – GitHub – Telegram
The supply of this content material is FILLiquid. This press launch is for informational functions solely. This data doesn’t represent funding recommendation or a suggestion to take a position.
contactCEOArthur TanFiliquid[email protected]
This text was first revealed on Chainwire
