HONG KONG, CHINA / ACCESSWIRE / March 21, 2023 / MFIL DAO, the world's first decentralized FVM-based liquidity pledge product, joined FVMFrames on Twitter Space, sharing the solution for maximizing value for all participants in the entire Filecoin ecosystem. The event brought together key players in the Filecoin ecosystem, including MFIL DAO and Protocol Labs, to discuss the ambitious future of FVM and the great value of LSD.
Filecoin recently announced the launch of its FVM mainnet, which will enable smart contract functionality, cross-chain bridging, and improved programmability to the Filecoin ecosystem, creating new opportunities for DeFi application development. MFIL DAO has launched the first FVM-based DeFi liquidity staking product, which provides a more reasonable revenue model for FIL holders and solves FIL's liquidity problems by providing lending funds to storage providers.
The MFIL DAO's competitive advantages are clear. By allowing FIL to earn interest that can be withdrawn freely, it offers a passive income for FIL holders without the need to lock their FIL assets or participate in node infrastructure maintenance. Users can store FIL in the MFIL DAO smart contract, which will be converted 1:1 to MFIL, a token with mining output rights. The revenue comes from the dynamic evaluation of the DAO organization's future mining revenue and can be traded, stored, exchanged, and withdrawn freely. For storage providers, MFIL DAO can solve the capital turnover problem by providing a certain amount of MFIL tokens based on the pledged nodes, which storage providers and MFIL users can share the future mining reward earnings proportionally through the smart contract.
By joining the Filecoin ecosystem, MFIL DAO is poised to provide unprecedented liquidity to the Filecoin market, enabling a win-win situation for storage providers, FIL holders, and the decentralized storage industry. By enhancing FIL liquidity and reducing storage costs, MFIL DAO incentivizes further growth in the Filecoin network storage, promoting the prosperity of the Filecoin ecosystem.
"As the bridge between FIL holders and storage providers, MFIL DAO provides unprecedented liquidity to the Filecoin market, established and operated in the form of a DAO. It has developed a complete DEF protocol to achieve various functions, including lending, pledging, Staking, and more. " said MFIL DAO via Twitter Space. "MFIL DAO is thrilled to be a part of the FVM global debut project and excited about the ambitious future of FVM and the great value of LSD. We look forward to continued collaboration with Filecoin and further growth in the Filecoin network storage."
About MFIL DAO:
MFIL DAO is the world's first decentralized FVM-based liquidity pledge product. It offers a passive income for FIL holders without the need to lock their FIL assets or participate in node infrastructure maintenance. Users can store FIL in the MFIL DAO smart contract, which will be converted 1:1 to MFIL, a token with mining output rights.
Website: http://www.mfil.org
Twitter:https://twitter.com/MFILDAO
Medium: https://medium.com/@mfildao
Discord: https://discord.gg/mfildao
Media Contact:
Name: Richard Li
Email: [email protected]
SOURCE: MFIL DAO