SECURED FINANCE USER GUIDE
Secured Finance’s Strategic Expansion to Avalanche
Embracing a Multi-Chains Future
Introduction
Secured Finance is thrilled to announce its expansion to the Avalanche network. Following successful launches on Ethereum Mainnet and Arbitrum, this move aligns with our vision for a multi-chains future, recognizing Avalanche as one of the major Layer 1 networks with significant Total Value Locked (TVL) and EVM compatibility.
You can access our web app on Avalanche here.
Why Avalanche?
Avalanche stands out for its high TVL, low gas cost, and efficient EVM compatibility, making it an ideal choice for Secured Finance’s expansion. This choice furthers our multi-chain strategy, offering users a robust, cost-effective, and accessible DeFi platform.
Product Offerings and Asset Portfolio on Avalanche
As we extend our services to Avalanche, Secured Finance offers a product range similar to our Ethereum Mainnet offerings. This includes popular assets like USDC, ETH, and WBTC. Notably, we’re reintroducing axlFIL into our Avalanche launch. Our aim is to boost liquidity flow from the Multi-chains network to the Filecoin network, facilitating seamless integration into DeFi activities. axlFIL, a wrapped version of Filecoin, broadens our asset portfolio and offers more opportunities for trading and DeFi activities.
For a detailed guide on wrapping and unwrapping FIL to axlFIL via Squid, explore our article here.
User Experience
The platform’s user interface remains unchanged, retaining its intuitive and user-friendly design. Here is how you can add the Avalanche network to your setup.
- Click on your “Metamask” icon.
2. Click on Network.
3. Click on “Add network”.
4. You can add “Avalanche Network C-Chain” from the list or you “Add a network manually” and fill in with the details below.
5. Approve the network.
6. Once you have added the network, you can alternate between Ethereum Mainnet, Arbitrum or Avalanche.
Launch Timeline
Secured Finance’s launch on Avalanche follows a schedule similar to our Arbitrum launch, with the Global Itayose process for the first four orderbooks starting on January 19th, with the market opening set for January 25th. This rollout reflects our methodical approach to expanding our platform’s reach. Subsequent orderbooks will follow a pattern of a two-day Itayose period, with the market opening on the third day.
For detailed information on navigating the Global Itayose process, please refer to our comprehensive guide here.
Conclusion
The expansion to Avalanche is a significant milestone for Secured Finance, marking our commitment to a multi-chain future and providing users with more options and flexibility in DeFi. Stay connected with us for more exciting updates and developments.
Step-by-Step Guide Series
DeFi Apps Onboarding Guide
This guide will walk you through the steps you need to take to start using DeFi apps. You’ll learn how to set up your MetaMask wallet, connect it to DeFi apps, and get test ETH from Sepolia faucets.
Secured Finance User Guide
This guide offers a concise walkthrough of the platform, covering key aspects from preparing test tokens and managing collateral to executing transactions. It also delves into advanced trading strategies that are unique to Secured Finance.
- Preparing Test Tokens for Practice
- Collateral Management
- Borrowing with Simple UI
- Lending with Simple UI
- Trading at Pre-Open Order Book (Itayose)
- Placing Limit Order
- Add/Reduce or Unwind Position
- User Guide on Emergency Global Settlement
- How to Get axlFIL: A Comprehensive Guide
- Secured Finance Expands to Arbitrum
- Secured Finance Expands to Avalanche (This Article)
Secured Finance Official Links
Website | Twitter | GitHub | Galxe | Link3 | Guild
