10 FIL
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.
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.
In the sixth FIL Lending Program, participants will have two options to lend their FIL:
Option 1: 28 day loan with no early termination
Option 2: 180 day loan with early termination after 90 days at CoinList's discretion based on borrowing demand
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.
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.
Participants have two options to lend their FIL in FIL Lending 5:
Option 1
Option 2
If you’d like to learn more about FIL Lending on CoinList, please visit the landing page here: https://coinlist.co/fil-lending
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