About FILLIQUID
Last updated
Last updated
We have implemented a decentralized protocol using advanced blockchain technology and cryptography. And the protocol will continue to evolve through ongoing contributions from the community.
FILLiquid is the first platform that gives full control back to its users.
Only user can withdraw user's funds—your asset, your control.
Since there is no owner of the smart contract, the core code remains immutable in FILLIQUID v1. This means the project cannot manipulate the pool arbitrarily, ensuring a secure pool with no backdoors.
FILLIQUID provides efficient, transparent, and fair Filecoin lending services to Storage Providers, who serve as node validators within the Filecoin ecosystem. It has earned the trust of leading SP leaders in the industry.
The staking interest rates for Filecoin and the borrowing interest rates for Storage Providers (SPs) are automatically adjusted in real-time based on pool utilization, driven by advanced algorithms. This offers a significant advantage as a decentralized protocol, setting it apart from other centralized platforms.
FILLiquid is a unique DeFi protocol within the Filecoin ecosystem, combining Liquid Staking with DePIN.
Through the introduction of cross-chain integration, FILLIQUID interacts with public blockchains beyond Filecoin. We are continuously researching and innovating to provide the community with a more convenient user experience.
The Filecoin network is a decentralized storage marketplace built on IPFS technology, using blockchain to create a decentralized consensus layer. This system allows anyone to offer storage services and trade storage space. Through Proof-of-Replication and Proof-of-Spacetime, Filecoin ensures data security and verification without relying on a centralized authority.
Storage Providers (SPs) are the backbone of the Filecoin network, maintaining the system by committing their storage capacity. In return, they are compensated through block rewards, network fees, and income from storage mining. However, several mechanisms designed to maintain network integrity also create financial strain on SPs:
Initial Pledge Collateral: SPs must deposit Initial Pledge Collaterals to participate in storage mining. While this ensures accountability and secures the network, it imposes heavy capital requirements. In many cases, the pledged capital exceeds the cost of hardware, creating unnecessary financial burdens that can slow down the growth of the entire network.
Delayed Reward Distribution: SPs receive only 25% of their block rewards immediately, while the remaining 75% is distributed linearly over 180 days. This delay means that a large portion of their rewards cannot be reinvested promptly, limiting their ability to expand storage capacity.
To meet the capital requirements for storage expansion, SPs typically rely on three options to acquire FIL tokens. However, each comes with significant drawbacks:
Using FIL Rewards from Storage Deals: While reinvesting FIL from storage deals would ideally support sustainable growth, the delayed release of rewards makes this impractical. With most of the block reward locked up, SPs cannot access enough liquidity to scale their operations effectively.
Buying FIL from the Open Market: Purchasing FIL from exchanges exposes SPs to market volatility and additional financial risks. The funds used for buying FIL could be better spent on hardware upgrades to increase storage capacity, making this option inefficient for long-term growth.
Borrowing FIL from Centralized Markets: Centralized lending platforms typically require over-collateralization of 150% or more to secure loans. This means SPs must deposit significantly more capital than they borrow, increasing their financial burden. Furthermore, trusting centralized entities with large deposits poses security risks, and high-interest rates often do not reflect real-time market conditions, making borrowing expensive and risky.
The current options are inefficient and financially burdensome, slowing down the growth of both SP operations and the Filecoin network. SPs need a more flexible, cost-effective, and decentralized way to access FIL for expanding their storage capacity.
Simultaneously, many FIL holders are eager to earn passive income by lending their tokens. However, centralized service providers dominate the current lending market, capturing most of the profits and leaving FIL holders with minimal returns.
The Filecoin ecosystem urgently needs a decentralized, trustless lending protocol that:
Balances interests between FIL lenders and SP borrowers.
Provides fair interest rates reflecting real-time market conditions.
Eliminates the need for centralized intermediaries, reducing risks and increasing transparency.
Lowers capital requirements for SPs, enabling them to expand storage capacity without heavy financial burdens.
By addressing these issues, a decentralized lending protocol can unlock new growth opportunities for the entire Filecoin ecosystem, ensuring sustainable expansion and greater participation from both SPs and FIL holders.
FIL Staking: Users stake Filecoin with FILLiquid.
FIT (Filecoin Trust Token) Issuance: In return, users receive Liquid Staking Token (LST) that represent proof of staked filecoin.
Borrowing Filecoin: Storage Providers (SPs) borrow Filecoin from FILLIQUID, which is then used in the Filecoin mining process by node validators. As the mined Filecoin is used to repay the loans, the value of FIT increases with each repayment.
Rewards Distribution: Staking rewards automatically get compounded to the FIT token. There's no need to manually claim and stake again.
Extra Yields from DeFi asset backer: FIT can be used in FILLiquid application, enabling users to earn FIG Token.
Flexible Unstaking: On FILLIQUID, Filecoin can be withdrawn flexibly at any time as long as the utilization rate is below 90%, with no waiting period required.
Decentralized DeFi Protocol: As the first fully decentralized DeFi protocol on the Filecoin Virtual Machine (FVM), FILLIQUID offers superior security and transparent staking rewards compared to centralized DeFi platforms.
Dual Yield Optimization: FILLIQUID uniquely addresses the liquidity challenges of the Filecoin ecosystem by allowing users to earn both staking rewards and DeFi yields simultaneously. This dual approach maximizes returns while supporting the growth of decentralized storage infrastructure.
Proven Team Expertise: Our team consists of early Filecoin developers, blockchain veterans, and financial experts from institutions like BlackRock, Franklin Templeton, and the World Bank. This experience is reflected in our success:
Established as the fastest-growing Filecoin DeFi protocol.
Instant Withdrawals: Unlike traditional Filecoin staking, which often involves long lock-up periods, FILLIQUID offers instant withdrawals through integrated DEXs. Users can flexibly access their funds anytime when the pool utilization is below 90%, with no waiting period required.
Strong Partnerships: FILLIQUID collaborates with leading DeFi teams within the Filecoin ecosystem and maintains strategic partnerships, including an official collaboration with Lighthouse for secure, permanent data storage. This ensures wide compatibility and robust integration of our liquidity solutions.
Substantial Backing: With grants and strong support from the Filecoin foundation, FILLIQUID is positioned to become the largest and most advanced DeFi protocol in the Filecoin ecosystem. Our audited smart contracts by CertiK and Salus further solidify our credibility and security.
Decentralized Control: FILLIQUID is the only DeFi protocol in the Filecoin ecosystem where users have full control over their assets. The immutable smart contract in FILLIQUID v1 ensures that the project team cannot manipulate the pool, guaranteeing a backdoor-free and transparent platform.
Experienced Team with Industry Support: Our team is backed by prominent players in the blockchain space, including engineers from major exchanges like OKX and Bybit. We have a proven track record of building scalable, community-driven projects with a focus on decentralized governance and user engagement.
FILLiquid is a fully open-source, algorithm-based liquidity pool built on the FVM ().
Our goal is to solve the inefficiencies of Filecoin assets, providing abundant and secure liquidity to storage providers worldwide. This enables Filecoin holders to safely utilize their assets, ultimately accelerating the decentralized data storage infrastructure within the Filecoin ecosystem. Through our decentralized and efficient pool, FILLiquid helps Storage Providers operate the Filecoin network more effectively, contributing to the creation of a decentralized storage network based on Filecoin and realizing a strengthened -based open internet.
FILLiquid is the first fully open-source smart contract project in the .
FILLiquid achieved outstanding results at a hackathon hosted by Ethereum and Protocol Labs, earning the in the ETH Global FVM Space Warp competition.
Secured , with 100% allocated for user incentives and ecosystem growth
