Stake Filecoin

Our Staking feature allows Filecoin holders to deposit their assets into the FILLiquid liquidity pool for lending, providing them an avenue to earn a passive income through lending.

Once a deposit has been made, the protocol will mint FIT token, a liquid staking derivative token (LSD). FIT token serves as a vehicle for dividend allocation and proof-of-stake in the liquidity pool. It can also be used later to farm FIG token.

The following pages outline the process of depositing and withdrawing Filecoin into the protocol for lending.

Let's take a deeper dive into the Staking product.

Lend⬝Stake

1. Connect your wallet and press "FIL Leasing" menu.

2. Press the 'Lease' button to deposit Filecoin.

1. Enter the number of Filecoin you wish to deposit, then press “Confirm”

1. Wait for the transaction request (smart contract interaction) popup to appear, then press the confirm button.

1. Please wait for the transaction confirmation. Due to the nature of the Filecoin network, it will take at least 30 seconds, and it may take longer if the network is congested. Rest assured and wait patiently.

1. Once the transaction is complete, your Filecoin will be transferred to the Filliquid pool, and you will receive FIT tokens as proof of your Filecoin deposit. You can transparently verify everything on the Filecoin explorer.

1. Filecoin is swapped for FIT at the real-time exchange rate. By receiving FIT, you can potentially earn interest in the future as the value of FIT increases.