> For the complete documentation index, see [llms.txt](https://docs.filliquid.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.filliquid.io/storage-provider-guide/borrowing-filecoin.md).

# 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.<br>