Borrowing Filecoin

The FILLiquid borrowing protocol allows Storage Providers to bind their miners to the FILLiquid smart contract to use their previously pledged $FIL assets as collateral to secure loans.

As a result, Storage Providers can secure $FIL loans to expand their storage capacity without increasing their financial burden.

Storage Providers must first bind their miner addresses before taking out the loan.

Let's take a look into how this can be achieved.