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

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 fourth FIL Lending Program through CoinList. Participants have two options to lend their FIL: 

1. A 90-day loan with no early termination. Participants will earn a fixed 20% APY for 90 days – a net 4.93% return. 

2. A 180-day loan with early termination after 90 days at CoinList's discretion based on borrower demand. Participants will earn 20% APY for 90 to 180 days depending on the final term length – a net return between 4.93% and 9.86%. 

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 125% collateralized. Borrowers are only able to supply collateral with large market cap, liquid cryptoassets such as BTC, ETH, and supported stablecoins. 

All participants, lenders and borrowers, must be accredited. 

The fourth lending period opens up on December 2 and users will be able to loan FIL until December 11. 

Participants who lend their FIL for three months will receive their principal + accumulated interest denominated in FIL back into their CoinList wallets by March 22. 

Participants who lend their FIL for up to six months will receive their principal + accumulated interest denominated in FIL back into their CoinList wallets by June 11. 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. 

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 fourth FIL Lending Program, participants will have two options to lend their FIL: 

Option 1: 90 day loan with no early termination

• Participants will earn a fixed 20% APY on the principal FIL lent to CoinList for 90 days, resulting in a fixed net 4.93% 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% APY on the principal FIL lent to CoinList for 90 to 180 days, resulting in a net return between 4.93% and 9.86% return. 

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

December 2: Lending period opens 

December 11, 9:00 am PST: Lending period deadline 

December 2 – December 15: Loans are deployed 

Option 1: 90-day loan with no early termination

March 2 – March 15: Loans are closed 

March 22: Principal + interest distributed back into CoinList wallets 

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

May 31 – June 4: Loans are closed unless terminated at an earlier date 

June 11: Principal + interest distributed back into CoinList wallets

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.

You 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 as well as accreditation checks. 

All loans issued will be 125% collateralized. 

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.