Filliquid
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  • 🐷Welcome to Filliquid Docs
  • 🔵About FILLIQUID
  • 🧐How it works
    • Design Architecture
    • Staking and Redemption by FIL Token Holders
    • Borrowing and Repayment by Storage Providers (SPs)
    • Transaction Fees
    • Risk Management Mechanisms
  • 🔮Staking User Guide
    • Staking Yield Allocation
    • Benefits for Token Holders
    • FILLiquid Reward Mechanism -FIT
    • How to Stake Filecoin
      • Preparing Wallet
      • Connect Wallet
      • Stake Filecoin
      • Withdraw Filecoin
    • How to Utilize FIT
      • Stake FIT to Earn FIG
      • Stake FIG to Earn FIL
    • More Instructions
      • Understand Filecoin (FIL) Wallet Address
      • Fees (Protocol Revenue)
      • FIL/FIT Exchange Rate Mechanism
  • Storage Provider GUIDE
    • Borrowing Interest Rate
    • Borrowing Filecoin
      • Binding and Unbinding For Borrowers
      • How to Bind a Miner in FILLiquid
      • Borrowing FIL For Storage Providers
      • Repayment of Loan
      • Precautions Notes
    • Liquidation Mechanism
    • Family Miners
    • Debt Farming for SP
  • ⚡ECONOMICS
    • FIT Token
    • 🐽FIG Token
      • Voting Power
    • Contract Address (CA)
    • Audits
    • 👨‍💻Bug Bounty Program – 500,000 FIG Tokens in Rewards
  • 🆘Trouble shooting
    • 🙋FAQ
      • FIL Staking QnA
      • Farming QnA (FIT Staking)
      • Dividend QnA (FIG Staking)
  • 🗺️Roadmap
    • Roadmap
  • ⁉️Understanding Filecoin Ecosystem
    • What is Filecoin
    • What is Storage Provider
    • Background
    • Introduction
    • What is FILLiquid
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  1. Storage Provider GUIDE
  2. Borrowing Filecoin

Precautions Notes

Once the node is bound to the contract as the beneficiary, please do not use the Owner to initiate node withdrawals.

Once the Filliquid smart contract is set as the beneficiary of a node, the SP can no longer withdraw funds directly using the owner address. All borrowing and repayment operations must be conducted through the DApp to ensure that the smart contract correctly recognizes user actions and processes them accordingly.

If the SP withdraws funds directly from the miner's account, these funds will be considered "unidentified," as they will enter the smart contract but will not be accounted for in the repayment process. This is not an intentional design but rather a limitation of FEVM technology. We will explore solutions to address this issue in the future.

Reminder: If you withdraw funds directly using the owner address, the funds cannot be recovered. Please proceed with caution to avoid unintended withdrawals.

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Last updated 2 months ago