Filecoin Lending on CoinList
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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.
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Participants who lend their FIL will receive their principal plus accumulated interest denominated in FIL back to their CoinList wallet at the end of the loan term.
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After all loans are deployed, you can track your loan with the loan dashboard in your CoinList Filecoin wallet.
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To learn more about FIL Lending on CoinList, please visit https://coinlist.co/fil-lending.
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​How do I participate in Filecoin Lending on CoinList?
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To participate in a FIL lending program, select Lending from within the navigation panel of your account. You will need to meet all eligibility requirements before getting started.
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​How much will I earn by participating?
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Each FIL Lending program has different terms. The rate for any active programs can be found here: https://coinlist.co/fil-lending.
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​What is the minimum loan size to participate?
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The minimum loan size depends on the program and is either 5 or 100 FIL.
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​What assets can I use to participate?
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To participate, you must lend FIL to CoinList. If you do not have FIL and would like to participate, you can purchase FIL on CoinList or CoinList Pro with USD, USDT, USDC, BTC, and/or ETH.
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​Can I participate with unvested FIL?
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No, you are only able to participate in the lending program with vested FIL. If you have additional FIL that is set to vest before the deadline, you may submit more loans as more FIL becomes vested.
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​When will I receive my funds back?
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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.
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​How is my FIL being lent out?
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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.
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All counterparties must pass KYC/AML and all loans issued are collateralized.
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​Where will my funds be held when they’re not being lent out?
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Your FIL will be held at Gemini Custody, one of CoinList’s verified custodians.
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​Eligibility
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All users from CoinList's supported jurisdictions are eligible to participate.
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Users from certain unsupported jurisdictions can still participate, but it requires a manual process to execute the loan. For that reason, we require external FIL lenders to lend a minimum of $50,000 worth of FIL.
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If you're in an unsupported jurisdiction and would like to participate, please email [email protected].