FilDA, the first decentralized financial service platform that builds the ELA+HT+FIL ecosystem
About FilDA
FilDA is the first decentralized financial service platform that builds the ELA+HT+FIL ecosystem on several public chains, including Elastos, Huobi EcoChain and Filecoin. It provides a wide range of decentralized services, including FIL, ELA pledge, borrowing and lending, and wealth management, etc.
The users gain benefits from ELA+HT+FIL asset pledge. The interest rate is determined by the decentralized market demand-supply.
The users get an annualized return by pledging their assets on the platform and the borrowers pay a sum of interests. The interests are determined by the demand-supply of each type of crypto-assets.
Highlights
1. Built based on Elastos Chain, Huobi Eco Chain and Filecoin
2. Innovative insurance-based fund mining
3. Asset safety guaranteed by a 60%+ Bitcoin computing power and a 50%+ IPFS computing power
4. First cross-chain lending & borrowing and mining platform, supporting more scenarios and customized ELA+HT+FIL products
5. Improved lending & borrowing services supported by Chainlink’s Price Oracle
6. Derivative trading: turning the computing power into assets and SWAP
7. DAO governance: the completely decentralized community governance improves the FilDA ecosystem
Highlights
1. Combine Elastos’ core features and provide more DeFi products
Elastos envisions to privatize and protect data, and Filecoin protects private data and facilitates data capitalization. Based on Elastos’ strengths in terms of decentralized storage, decentralized communication, diverse scenarios, and efficient blockchains, FilDA provides a wide range of products and services, including Wrapper, pledge-based lending and borrowing, and derivative trading, empowering the DeFi scenarios of Filecoin.
2. Excellent computing power
FilDA guarantees asset safety with a 60%+ Bitcoin computing power and a 50%+ IPFS computing power.
3. Diverse scenarios
Bridge lending, borrowing and mining to provide more customized Fil products.
4. Connection to the Huobi Eco Chain
FilDA is connected to the Huobi Eco Chain, which is taken as one of the first ecological cooperation projects to carry out diverse cooperation.
5. Improve the lending & borrowing services by introducing Chainlink’s Price Oracle
FilDA decides the exchange rates between different assets with Price Oracle, which is co-developed by Elastos and Chainlink. The exchange rates are used to determine the lending and borrowing limits, the demands for pledges, and the values of all accounts.
6. Derivative trading: turning the computing power into assets and SWAP
Traditionally, API requests are independent from payment. The isolation between users and data undermines the efficiency of resource allocation and increases the cost of trade frictions. DeFi addresses this issue with connectivity. Take Filecoin mining as an example. If the computing power is released to get requested in the form of tokens in the leasing market, then contract-based interest arbitrage between the cash and carry Filcoins can be realized. The computing power and price of Filecoin get enhanced during this process. It is therefore a highlight of FilDA to turn the computing power into assets.
Partners
Elastos, Bitmain, IPFSer, IPFSMain, BLOCK GLOBAL, StorSwift, FBG, EFS, UKEX, Open Source Mining Pool, Higgs Network, Manhattan Project Fund, Elephant Wallet and CR Herald
Contact us via contact@FilDA.io
