Announcement

Secured Finance & GLIF Partner to Boost Filecoin FVM

DeFi Powerhouses Unite to Enhance Liquid Staking and Unlock New Yield Opportunities

Masa | Secured Finance

Published in

Secured Finance

3 min readSep 4, 2024

Introduction

As the founder of Secured Finance, I am thrilled to announce a strategic partnership that has the potential to redefine Filecoin’s FVM (Filecoin Virtual Machine) landscape. Together with GLIF, a fellow pioneer in the Filecoin ecosystem, we are embarking on a journey that I believe will accelerate the growth and adoption of decentralized storage and smart contract capabilities.

Both Secured Finance and GLIF have been instrumental in Filecoin’s development since its early days. GLIF, starting as the trusted wallet for Filecoin’s core members, has evolved into the leading provider of liquid staking solutions. Secured Finance, initially focused on collateralized fixed-rate P2P lending, is now expanding into CDP-based stablecoins. This partnership is a natural evolution, combining our strengths to further Filecoin’s mission.

Why This Collaboration Is a Game-Changer

This partnership is a strategic alignment that benefits both projects immensely. GLIF gains a powerful avenue to enhance the utility of its liquid staking token, iFIL, improving its capital efficiency. Secured Finance, in turn, integrates iFIL as a default collateral currency, empowering users to borrow a variety of assets (FIL or stablecoins) without sacrificing the attractive yield potential of their staked assets.

Partnership Highlights

iFIL Integration: Seamlessly integrated into Secured Finance, iFIL becomes a versatile collateral asset, amplifying its utility within the DeFi ecosystem.
Dual Rewards Campaign: To celebrate this partnership, we’re launching a cross-platform campaign:

Secured Finance: Join our Galxe quest (Partnership with GLIF) to spread the word and engage our community. iFIL depositors can also earn 2x Secured Finance Points through the Filecoin Infinity Quest.
GLIF: Deposit iFIL into Secured Finance’s collateral vault and earn extra GLIF points. (GLIF Partner Quests) On top of the regular points, you’ll receive special bonus points through the Secured Finance protocol. Maximize your benefits by earning both GLIF and Secured Finance points!

[GLIF Points Allocation Rule]
Earn a Partnership OAT by completing the Galxe quest, and the 100,000 GLIF points will be distributed among all the Galxe quest participants.

A Vision for the Future of Filecoin

At Secured Finance, we’ve always believed in the transformative potential of Filecoin. This partnership with GLIF represents a significant step towards realizing that vision. By combining our expertise, we are not just building products, we are building the infrastructure that will power the future of decentralized storage and computation.

Conclusion

This partnership is a testament to our shared commitment to innovation and our unwavering belief in the future of Filecoin. I invite you, the crypto and Web3 community, to join us on this exciting journey as we continue to push the boundaries of what’s possible in the world of decentralized finance.

References

Special Thanks to Protocol Labs and GSR