Round 2 / FILLiquid

FILLiquid’s impact will help secure the sustainable growth of the Filecoin storage capacity, allowing it to continue competing with the heavyweight centralized storage markets, such as Amazon W3. The project is important for both storage providers and FIL holders, allowing the former to acquire FIL for pledging and the latter to earn yield on holdings.

FILLiquid is designed to ease the financial burdens of storage providers. Every time an SP intends to expand their services, they're required to pledge more FIL, leading to increased financial pressure. The pledging requirements for Filecoin storage providers present an opportunity cost between using funds for expanding storage hardware or obtaining $FIL to expand storage capacity.

Our solution allows storage providers to achieve both. They can use their liquid funds to buy hardware to expand their business capacity while using the previously pledged illiquid $FIL in their nodes as collateral to secure more $FIL to add more pledges and expand storage power.

This impact eases the financial burden for storage providers, expands storage power growth, and lets $FIL holders earn a yield.

With AI systems presenting an ever-growing market for decentralized data storage services, Filecoin can be the leading provider as long as it can keep pace with AI models' expansive storage capacity needs. FILLiquid can do its part in keeping pace with AI data requirements by aiding continuous storage power expansion.

In addition to storage power expansion, FILLiquid also presents unique routes to generating yield. For example, the platform offers a revenue-sharing opportunity for native token holders (FIG) to stake and earn a portion of the revenues generated on the platform through transactions.

Overall, FILLiquid deepens the $FIL liquid available to storage providers, helping Filecoin to experience consistent and sustainable storage power growth over time.

As of September 30, FILLiquid has contributed significantly to growing the Filecoin economy, both in terms of user engagement and lending support to storage providers (SPs), which is essential for the ecosystem’s growth. Here’s an overview based on key metrics:

User Engagement and Wallet Growth: With 3,400 pledged wallet addresses, FILLiquid has encouraged widespread adoption, creating a strong user base actively participating in staking and lending. This level of engagement strengthens the network by promoting a reliable base of participants.

Deposits and Lending:

User Deposits: FILLiquid has accrued a substantial total of 417,759 FIL in user deposits, showing significant trust and investment in the platform by users. SP Loans: A total of 137,628 FIL has been loaned to storage providers. This financial support directly enhances the Filecoin network by allowing SPs to expand their storage capacities, creating a more robust and scalable network. Community Growth:

Twitter: 56,138 followers Discord: 22,607 members YouTube: 1,240 followers Medium Blogspot: 11,000 Claps, 51163 Views AMA, X Space, Binance Live: 100k> Tuned in/Watched

The following is the impact that FILLiquid generated.

These numbers reflect a growing community, crucial for educating, engaging, and retaining users while promoting Filecoin's long-term ecosystem growth.

FILLiquid’s direct economic impact can be seen in both the large amount of FIL deposits and the substantial FIL loans provided to SPs. This facilitates more decentralized storage and supports the network’s stability and scalability.