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What is Filecoin Lending on CoinList?

Filecoin lending on CoinList is a way for you to put your FIL to work by simply lending your FIL to CoinList. The Filecoin ecosystem is very young and many network participants are in need of FIL to supplement their working capital. 


We are currently running the sixth FIL Lending Program through CoinList. Participants have two options to lend their FIL: 


1. A 28-day loan with no early termination. Participants will earn a fixed 18% APY for 28 days – a net 1.38% return. 


2. A 180-day loan with early termination after 90 days at CoinList's discretion based on borrower demand. Participants will earn 20.5% APY for 90 to 180 days depending on the final term length – a net return between 5.05% – 10.11%. 


Once we have received loans from lenders, we will reach out to our network of Filecoin storage miners and liquidity providers to issue loans. 


All loans issued are collateralized. Borrowers are only able to supply collateral with large market cap, liquid cryptoassets such as BTC, ETH, and supported stablecoins. 


The sixth lending period opens up on January 27th and users will be able to loan FIL until February 19th. 


Participants who lend their FIL for 28 days will receive their principal + accumulated interest denominated in FIL back into their CoinList wallets in March. 


Participants who lend their FIL for up to 180 days will receive their principal + accumulated interest denominated in FIL back into their CoinList wallets at the end of the loan term. In the case of early termination, we will notify participants via email and return their principal + accumulated interest denominated in FIL back into their CoinList wallets within 7 days of termination. 


The loan start date for both options will be February 19th. Once all loans are deployed, you'll be able to track your loan with the loan dashboard in your CoinList Filecoin wallet. 


More answers about filecoin lending

What is Filecoin Lending on CoinList?

Filecoin lending on CoinList is a way for you to put your FIL to work by simply lending your FIL to CoinList. The Filecoin ecosystem is very young and many network participants are in need of FIL to supplement their working capital. 


We are currently running the sixth FIL Lending Program through CoinList. Participants have two options to lend their FIL: 


1. A 28-day loan with no early termination. Participants will earn a fixed 18% APY for 28 days – a net 1.38% return. 


2. A 180-day loan with early termination after 90 days at CoinList's discretion based on borrower demand. Participants will earn 20.5% APY for 90 to 180 days depending on the final term length – a net return between 5.05% – 10.11%. 


Once we have received loans from lenders, we will reach out to our network of Filecoin storage miners and liquidity providers to issue loans. 


All loans issued are collateralized. Borrowers are only able to supply collateral with large market cap, liquid cryptoassets such as BTC, ETH, and supported stablecoins. 


The sixth lending period opens up on January 27th and users will be able to loan FIL until February 19th. 


Participants who lend their FIL for 28 days will receive their principal + accumulated interest denominated in FIL back into their CoinList wallets in March. 


Participants who lend their FIL for up to 180 days will receive their principal + accumulated interest denominated in FIL back into their CoinList wallets at the end of the loan term. In the case of early termination, we will notify participants via email and return their principal + accumulated interest denominated in FIL back into their CoinList wallets within 7 days of termination. 


The loan start date for both options will be February 19th. Once all loans are deployed, you'll be able to track your loan with the loan dashboard in your CoinList Filecoin wallet. 

Can I participate with unvested FIL?

You are only able to participate with vested FIL in the lending program. If you have additional FIL that is set to vest before the deadline, you may submit more loans as more FIL becomes vested.  Please contact justin@coinlist.co if you have additional questions. 


How much will I earn by participating?

In the sixth FIL Lending Program, participants will have two options to lend their FIL: 


Option 1: 28 day loan with no early termination

  • Participants will earn a fixed 18% APY on the principal FIL lent to CoinList for 28 days, resulting in a fixed net 1.38% return.

Option 2: 180 day loan with early termination after 90 days at CoinList's discretion based on borrowing demand

  • Participants will earn a fixed 20.5% APY on the principal FIL lent to CoinList for 90 to 180 days, resulting in a net return between 5.05% – 10.11% return. 

How is my FIL being lent out?

Your FIL is being lent out to trusted Filecoin network participants that have successfully onboarded with CoinList. This includes, but is not limited to, Filecoin storage miners and liquidity providers. 


All counterparties must pass KYC/AML and all loans issued are collateralized. 


When will I receive my funds back?

Here is the timeline for the sixth FIL Lending Program through CoinList:


January 27th: Lending period opens 

February 19th, 9:00 am PST: Lending period deadline 

February 19th: Loan start date 


Option 1: 28-day loan with no early termination

February 19th: Loans start

March 19th: Principal + interest distributed back into CoinList wallets 


Option 2: 180-day loan with early termination after 90 days at CoinList's discretion based on borrowing demand

February 19th: Loans start

August 18th: Principal + interest distributed back into CoinList wallets unless terminated at an earlier date


In the event of early termination, we will notify participants via email and return principal + accumulated interest denominated in FIL back into CoinList wallets within 7 days of termination. 


Lending will be available on a first-come, first-serve basis. Earlier loans will be prioritized over later loans. CoinList may extend the loan period based on borrower demand.

How do I participate in Filecoin Lending on CoinList?

Participants have two options to lend their FIL in FIL Lending 5:


Option 1

Option 2 

  • 180 days – early termination after 90 days at CoinList's discretion based on borrowing demand. In the case of early termination, we will contact you via email and return your principal + accrued interest within 7 days of termination.          
  • https://coinlist.co/fil-lending-5-180-days/


If you’d like to learn more about FIL Lending on CoinList, please visit the landing page here: https://coinlist.co/fil-lending


What assets can I use to participate?

To participate, you must lend FIL to CoinList to participate. If you do not have FIL and would like to participate, you can purchase FIL on CoinList or CoinList Pro with USD, USDT, USDC, BTC, and/or ETH. 


What is the minimum loan size to participate?

10 FIL 

Where will my funds be held when they’re not being lent out?

Your FIL will be held at Gemini Custody, one of CoinList’s verified custodians.


Who is eligible to participate?

All users from CoinList's supported jurisdictions


Users from certain unsupported jurisdictions can still participate but it requires a manual process to execute the loan. For that reason, we require external FIL lenders to lend a minimum of $50k worth of FIL. 


If you're in an unsupported jurisdiction and would like to participate, please email justin@coinlist.co 



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