Announcement
Secured Finance, Axelar And Squid Integrate To Enhance Liquidity Prior To USDFC Mainnet Launch
Promoting Seamless Fund Transfers to FVM
Secured Finance is excited to announce a strategic integration with Axelar and Squid Router — three early adopters committed to elevating the Filecoin ecosystem. In anticipation of our upcoming mainnet launch of USDFC (Secured Finance’s FIL-backed stablecoin) scheduled for March, this collaboration aims to enhance and simplify cross-chain swap capabilities into the Filecoin Virtual Machine (FVM).
Background: Why Cross-Chain Swaps on FVM?
- As the FVM begins to power diverse DeFi protocols within the Filecoin ecosystem, there remains a challenge in transferring funds from other chains into FVM quickly and efficiently.
- Axelar has a proven track record of enabling secure interoperability and asset transfers across major blockchains, including Filecoin, Ethereum, Cosmos, and Avalanche.
- Squid Router, built on Axelar’s robust infrastructure, provides a user-friendly swap protocol that allows for one-step bridging between multiple chains.
By leveraging these technologies, our campaign aims to make it easier for users to move assets into/out of FVM, thus boosting liquidity and driving further adoption of USDFC.
Secured Finance’s Vision: Driving USDFC Adoption and FVM DeFi Growth
- USDFC, our FIL-backed stablecoin, is set to launch on FVM in March, bringing a stable and secure medium for on-chain transactions.
- By enabling smooth, cross-chain transfers, users will have an enhanced experience, facilitating easy and fast fund movement into/out of FVM.
- By integrating Squid Router on both lending app and stablecoin app, users will have confidence in converting USDFC into any other digital assets and on any other chain.
- This initiative is designed not only to benefit Secured Finance but also to support the broader Filecoin ecosystem, increasing Total Value Locked (TVL) and overall DeFi activity on FVM.
Galxe-Powered Campaign
We are launching a task-based reward program on Galxe to incentivize user participation and drive bridge activity. Key tasks include:
Follow & Retweet on X
- Follow the official accounts of Secured Finance and Squid, and retweet the campaign announcement to help spread the word.
Additional Tasks
- Further activities, such as quizzes or Discord engagement, will be introduced during the campaign period to further involve the community.
Leadership Quotes
Masa, CEO, Secured Finance:
“With the USDFC mainnet launch, we are determined to enhance the user experience and build trust within the Filecoin ecosystem by integrating cross-chain bridges and swaps. Our integration with Axelar and Squid is a significant step towards enabling seamless fund transfers across multiple chains. This initiative will help foster a more robust DeFi environment, allowing users to fully leverage USDFC’s stability and scalability and bring capital efficiency to their on-chain digital assets.”
Shawn, APAC Lead, Interop Labs (initial developer of Axelar Network):
“Filecoin’s ecosystem is evolving rapidly, and interoperability is critical to its success. By integrating Secured Finance with Axelar and Squid, we are simplifying the bridging process to FVM, enabling users to enjoy seamless cross-chain swaps. We look forward to driving greater adoption and liquidity within the Filecoin ecosystem through this exciting campaign.”
What’s Next
- Mid-February 2025: Launch detailed Galxe campaign tasks and instructions.
- March 2025: USDFC mainnet launch on FVM, accompanied by the deployment of liquidity pools on platforms like Sushiswap and Uniswap.
- Post-Launch: Further expand cross-chain functionality and explore additional co-marketing initiatives to continuously enhance the Filecoin ecosystem.
About Secured Finance, Axelar, and Squid
Secured Finance (https://secured.finance/)
Secured Finance revolutionizes fixed-income with on-chain orderbook lending & bond issuance and FIL-backed stablecoin, USDFC. Powered by smart contracts, our platform delivers transparent, low-cost fixed-rate lending and true financial inclusion in DeFi 2.0.
Axelar (https://www.axelar.network/)
Axelar is the Web3 interoperability platform, delivering the shortest path to scale: an open stack to connect all blockchains. Adopters include Uniswap, Microsoft and dozens of natively multichain startups, building applications to reach all blockchain users at once. Axelar supports a best-in-class developer stack on a cross-chain layer that is open, scalable and secure. Backers include Binance, Coinbase, Dragonfly, Galaxy and Polychain.
Squid (https://www.squidrouter.com/)
Squid is a leading cross-chain swap protocol built on Axelar’s infrastructure. It enables users to perform seamless asset transfers across major blockchains, offering a simple and efficient user experience that broadens the scope of DeFi interactions.
Stay tuned for more updates as we roll out this exciting campaign and work together to elevate the Filecoin ecosystem through enhanced cross-chain interoperability and user engagement!
