"The DeFi giants joining forces enhances liquid staking and opens up new income opportunities."
Secured Finance is a DeFi protocol focused on facilitating fixed income markets and cross-chain lending services, allowing users to efficiently and securely execute financial operations such as lending, bond trading, and interest rate swaps across multiple blockchain ecosystems. Through smart contracts and a decentralized architecture, Secured Finance provides transparent, low-cost, and trustless financial services while supporting the participation of both institutional and individual investors.
Currently, Secured Finance has launched the stablecoin USDFC, collateralized by FIL, specifically tailored for the Filecoin ecosystem, aiming to address the lack of stablecoins within this network. The Filecoin network currently faces high volatility and limited value storage options, similar to the predicament Ethereum faced before the introduction of DAI.
USDFC provides stability similar to USDC and USDT, enhancing the transaction and investment potential of the Filecoin network while bringing much-needed financial infrastructure to its ecosystem. As a FIL-backed stablecoin, USDFC is not just a stability tool but also a catalyst for driving the next phase of growth for Filecoin, offering users new possibilities and flexibility while supporting the sustainable development of the ecosystem.
Secured Finance and GLIF establish a strategic partnership
Secured Finance has now partnered with the Filecoin ecosystem project GLIF, aiming to further enhance the liquid staking of the Filecoin ecosystem and open up new income opportunities. Secured Finance CEO Masa Kikuchi has previously expressed high hopes for the partnership with GLIF, believing that it has the potential to redefine the landscape of Filecoin's FVM (Filecoin Virtual Machine).
Regarding this cooperation, Secured Finance CEO Masa Kikuchi stated: "Joining forces with another pioneer of the Filecoin ecosystem, GLIF, we are embarking on a new journey, which we believe will accelerate the growth and adoption of decentralized storage and smart contract capabilities. Both Secured Finance and GLIF have played a crucial role since the early development of Filecoin."
"GLIF was initially seen as a trusted wallet tool by the core members of Filecoin, and has now evolved into a leading liquid staking solution provider. Secure Finance initially focused on fixed-rate collateral in P2P lending, and is now expanding into CDP-based stablecoins. This partnership is a natural evolution that combines our respective strengths to further help Filecoin achieve its vision and mission."
Why this collaboration is changing the 'game rules'
This collaboration represents a strategic alliance, greatly benefiting the development of both projects. GLIF has gained a powerful avenue to enhance the utility of its liquid staking asset iFIL, thereby improving its capital efficiency. Secured Finance will use iFIL as the default collateral asset, allowing users to borrow various assets (iFIL or stablecoins) without sacrificing the attractive yield potential of their staked assets.
Collaboration Highlights
1. iFIL Integration: iFIL is seamlessly integrated into Secured Finance, becoming a multifunctional collateral asset that enhances its utility in the DeFi ecosystem.
2. Secured Finance and GLIF recently launched a dual reward campaign, where users can earn GLIF and Secured Finance points by completing Galxe tasks and staking tasks, maximizing user benefits. This campaign has now successfully concluded, attracting 1,209 users and bringing approximately 800 new followers to GLIF.
After achieving initial results in early collaborations, Secured Finance CEO Masa Kikuchi recently stated: "During the FIL Bangkok conference, we confirmed that we would strengthen the cooperation between Secured Finance and GLIF to successfully launch USDFC."
Vision for the Future of Filecoin
Secured Finance firmly believes in the transformational potential of Filecoin, and its collaboration with GLIF marks an important step towards realizing this vision. By combining expertise, Secured Finance is not only building products but also constructing the infrastructure that will drive the future of decentralized storage and computing.
Conclusion
This collaboration demonstrates Secured Finance's shared commitment to innovation and its firm belief in the future of Filecoin. Secured Finance invites everyone in the cryptocurrency and Web3 communities to join them on this exciting journey and continue to expand the boundaries of possibility in the DeFi world.
About Secured Finance
Secured Finance is a leading blockchain-based financial services company dedicated to building advanced financial tools for the decentralized economy. Secured Finance focuses on innovation and security, aiming to connect traditional finance with decentralized finance, empowering users worldwide.
