Berlin, Germany, August 14, 2024, Chainwire
FILLiquid, a pioneering lending and leasing platform, has achieved success, attracting over $1 million in FIL deposits simply 21 days after its mainnet launch.
This fast development not solely highlights the potential of FILLiquid, but additionally underscores the alternatives it presents for FIL holders.
The Filecoin-based protocol presents 4 distinctive paths to potential income whereas permitting storage suppliers to launch liquidity of their mining nodes that can be utilized as collateral to safe FIL loans to develop storage capability.
FILLiquid sees $1M FIL deposited in simply 21 days
FILLiquid launched its mainnet on July 23, 2024 and has already seen $1 million value of FIL belongings deposited into its liquidity pool simply three weeks after launch.
The rise to the $1 million milestone demonstrated the constructing hype behind their varied options on the Filecoin community, as FIL holders contribute tokens to a pool of liquidity for lease.
The platform went by way of two rounds of the motivation testnet earlier than the mainnet launch and has already began distributing the FIG drop to those that participated.
FILLiquid presents a number of avenues for potential earnings by way of leasing, staking, farming and income sharing. It additionally has an inbound burning mechanism that turns FIG, the native token behind the platform, right into a deflationary asset.
Reputation of FILLiquid The rising reputation of FILLiquid amongst FIL holders might be attributed to the distinctive providing of an open-source platform permitting FIL holders to generate potential earnings from their belongings by way of leasing.
The open supply leasing protocol offers depositors with a dynamic rate of interest that will increase as extra loans are secured by storage suppliers on the platform.
When renting FIL, depositors also can use a by-product token for liquid betting, FIT, minted throughout the deposit course of to farm FIG, the platform's native token. As well as, FIG holders can stake their belongings and doubtlessly earn on the platform.
Because of $1 million value of deposits in lower than three weeks, FILLiquid has handed two high-profile safety audits from CertiK and Salus, offering certainty and confidence to the neighborhood. It additionally hosts a Bug Bounty program for anybody who can discover vulnerabilities within the sensible contract, additional making certain the security of the platform.
The FILLiquid distinction
FILLiquid can differentiate itself from different FIL-based leasing options as a result of the audited platform permits storage suppliers to make use of locked liquidity to safe loans.
The concept behind the FILLiquid protocol is to help the expansion of Filecoin's storage capability to assist the community's storage capability sustainably.
To attain this, FILLiquid permits storage suppliers to attach their mining nodes to a wise contract, which presents the power to make use of locked FIL pledges within the node as collateral to safe FIL loans from the liquidity pool.
Because of this, FILLiquid helps storage suppliers turn into extra capital environment friendly by easing their monetary burden and enabling them to amass FIL for the aim of promising storage capability development.
What's subsequent for FILLiquid?
With the mainnet stay and FIG distribution in full swing, FILLiquid is making ready to launch its FIG Staking product and introduce a income sharing and burning mechanism to the ecosystem.
As well as, FILLiquid intends to launch a personal pre-sale spherical for its FIG token and forge additional partnerships with initiatives within the Filecoin ecosystem.
FILLiquid's achievements in such a short while body signify its potential to redefine the Filecoin panorama and provide unparalleled alternatives for crypto-investors and FIL holders alike. As FILLiquid continues to innovate and broaden, it stays dedicated to fostering 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 who gained the hackathon and Filecoin DeFi in 2023. This platform permits $FIL holders to doubtlessly earn by way of leasing, whereas storage suppliers can entry $FIL liquidity at market charges to broaden their storage situations.
The protocol intends to facilitate the continued enlargement of storage capability on Filecoins with out rising the monetary burden on storage suppliers as they don’t have to retailer crypto or fiat as collateral. As a substitute, FILLiquid permits them to safe $FIL loans utilizing the recipient's tackle as collateral, setting it aside from different centralized and decentralized leasing platforms.
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FILLiquid is the supply of this content material. This press launch is for informational functions solely. This info doesn’t represent funding recommendation or a suggestion to speculate.
ContactCEOArthur TanFILL Liquidmedia@fliquid.io
This text was initially printed on Chainwire
