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 ninth FIL Lending Program through CoinList. Participants have one option to lend their FIL: 

1. A 28-day loan with no early termination. Participants will earn a fixed 15.25% APY for 28 days – a net 1.17% return.

The ninth lending period opens up on April 21st and users will be able to loan FIL until May 5th. 

Participants who lend their FIL for 28 days will receive their principal + accumulated interest denominated in FIL back into their CoinList wallets at the end of the loan term. 

The loan start date for all loans will be May 5th. Once all loans are deployed, you'll be able to track your loan with the loan dashboard in your CoinList Filecoin wallet. 

In the ninth FIL Lending Program, participants have one option to lend their FIL: 

Option 1: 28 day loan with no early termination

• Participants will earn a fixed 15.25% APY on the principal FIL lent to CoinList for 28 days, resulting in a fixed net 1.17% return.

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

April 21: Lending period opens 

May 5th, 9:00 am PST: Lending period deadline 

May 5th: Loan start date 

June 2nd: 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 FIL until loan maturity. 

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 team@coinlist.co if you have additional questions. 

Participants have one option to lend their FIL in FIL Lending 9:

• Option 1: 28 days – no early termination
• https://coinlist.co/fil-lending-9-28-days/

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

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.