FILLiquid Begins Airdrop Distribution, Claim Your $FIG Today

FILLiquid has officially started its distribution phase, allowing its testnet participants to claim $FIG tokens from their activities on the testnet.

Filecoin borrowing and leasing platform FILLiquid has officially begun distributing $FIG, the platform's native token, through an airdrop.

The FIL-based leasing platform went live on July 23, 2024, and has already seen over $850,000 in total $FIL deposits. This speaks to the increasing momentum behind the leasing product.

With the mainnet now live, those who participated in the testnet will be able to access the $FIG distribution dashboard and claim their tokens.

Those who participated in the FILiquid testnet can now claim their $FIG airdrop. To do so, they will need to visit the $FIG distribution page and follow the instructions. Those who completed the testnet tasks outlined by the team will be able to claim their $FIG.

To claim $FIG, follow these steps:

https://dapp.filliquid.io/en/airdrop

It is important to note that you must have some $FIL tokens in your wallet to pay for the transaction's gas.

$1,000,000 Deposited in Just Three Weeks: What's the Hype?

FILLiquid has seen an impressive $1,000,000 in $FIL deposits within its first three weeks, showing the demand for passive income on Filecoin through staking.

The platform is designed to connect $FIL holders with storage providers on the Filecoin network. Those leasing $FIL on the platform will earn a passive income through interest generated, while storage providers can secure loans using locked liquidity in their miner nodes.

FILLiquid has generated a lot of hype in the Filecoin ecosystem because it is fully open-sourced, decentralized, and audited. The smart contracts were audited by two high-profile security firms in the space, Salus and CertiK.

Furthermore, FILLiquid stands apart from its competition as it eases financial burdens for storage providers. Instead of asking for cryptocurrency collateral, FILLiquid allows storage providers to bind their beneficiary address to the FILLiquid smart contract to utilize the locked $FIL tokens in the node as collateral to secure $FIL loans for pledging.

What's Coming Next for FILLiquid?

With the mainnet launched and the $FIG token distribution underway, FILLiquid looks forward to releasing further products to enhance its ecosystem.

For example, FILLiquid will soon launch its $FIG Staking ecosystem, which will allow $FIG holders to deposit the native token into the platform and start earning a share of the revenues generated.

In addition, the $FIG Staking product will also utilize a portion of the revenues generated to buy back and burn $FIG tokens from the open market, introducing deflation to the network.

Overall, the launch of FILLiquid is a game-changing moment for Filecoin as it can provide $FIL holders with multiple avenues to earn passive income while helping the Filecoin network achieve sustainable storage power growth.

About FILLiquid

FILLiquid is a lending platform that bridges $FIL token holders with Storage Providers that won the Ethereum and Filecoin DeFi hackathon in 2023. The platform allows $FIL holders to earn a passive income through lending, while Storage Providers can access $FIL liquidity at market-based rates to expand their storage provisions.

The protocol intends to help the continued expansion of storage power on Filecoin without increasing financial burdens for Storage Providers, as they don't have to deposit crypto or fiat as collateral. Instead, FILLiquid allows them to secure $FIL loans using their Beneficiary Address as collateral, setting itself apart from other industry-centralized and decentralized lending platforms.

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Media contact: media@fliquid.io Marketing Manager