Your FLOW will be held at Finoa Custody, one of CoinList’s verified custodians.
Here is the timeline for the second FLOW Lending Program through CoinList:
October 20th: Lending period opens
October 28th: Lending period deadline.
October 28th: Loan start date
November 25th: Principal + interest distributed back into CoinList wallets unless terminated at an earlier date
Lending will be available on a first-come, first-serve basis. Earlier loans will be prioritized over later loans. CoinList may close the loan period early based on lender demand. Once your loan has started, you will not be able to access that FLOW until loan maturity.
All users from CoinList's supported jurisdictions, except users from the United States.
Users from certain unsupported jurisdictions can still participate but it requires a manual process to execute the loan. For that reason, we require external FLOW lenders to lend a minimum of $50k worth of FLOW.
If you're in an unsupported jurisdiction and would like to participate, please email firstname.lastname@example.org
You are only able to participate with vested FLOW in the lending program. If you have additional FLOW that is set to vest before the deadline, you may submit more loans as more FLOW becomes vested. Please visit our Help Center if you have additional questions.
FLOW lending on CoinList is a way for you to put your FLOW to work by simply lending your FLOW to CoinList. The FLOW ecosystem is very young and many network participants are in need of FLOW.
We are currently running the first FLOW Lending Program through CoinList. Participants have one option to lend their FLOW:
1. A 28-day loan with no early termination. Participants will earn a fixed 12% APY for 28 days – a net .92% return.
The second lending period opened up on October 20th and is now closed.
Participants who lend their FLOW for will receive their principal + accumulated interest denominated in FLOW back into their CoinList wallets at the end of the loan term.
The loan start date for all loans in the first lending program will be October 28th. Once all loans are deployed, you'll be able to track your loan with the loan dashboard in your CoinList FLOW wallet.