Round 2 / HashKing- Fil Staking

HashKing is pioneering a decentralized staking protocol for Filecoin (FIL) that addresses significant limitations in traditional mining methods.

By integrating with the Filecoin Virtual Machine (FVM), HashKing enhances accessibility, transparency, and liquidity for retail investors.

The platform allows users to stake FIL and mint NFIL, which can be easily exchanged or used for liquidity provision, without high initial requirements or lengthy unstaking periods.

Key contributions to ecosystem development include:

• Transparent Transactions: Fully decentralized smart contracts ensure fair participation for all users.

• Stronger Liquidity: NFIL can be traded on secondary markets, improving fund accessibility.

• High Returns: Offers competitive annual yields of up to 19%, far exceeding traditional exchange rates.

• Security: Utilizes multi-signature contracts to secure user funds and enhance trust. https://filecoin.io/blog/posts/2023-expanding-from-a-storage-network-to-enabling-open-services-for-data-part-i/

https://filecoin.io/blog/posts/2023-expanding-from-a-storage-network-to-enabling-open-services-for-data-part-i/ The Filecoin DeFi ecosystem, including notable platforms such as Glif, stFIL, SFT Protocol, HashKing, FilFi, Filet Finance, MineFi, HashMix, mFIL DAO, and CollectifDAO, has garnered substantial traction. The cumulative value locked (TVL) in the Filecoin Network has surged, surpassing 280 million USD.

https://filecoin.io/blog/posts/filecoin-news-74/ ~2,600 distinct token holders have deposited ~4M in Glif, ~2M in stFIL, ~2M in HashKing, and ~2M across 6 other protocols