A simple step-by-step guide to getting started on the FilDA platform
Moving assets to the Huobi Eco Chain (HECO) is a process that requires some preparation and information. This is a new area in DeFi and will likely evolve in time. There is a step-by-step guide at the bottom of this article.
The first requirement is setting up a MetaMask Wallet on your browser. (This is a browser extension — Chrome, Firefox, Edge and Brave are supported).
In order to use the wallet, you will need some Huobi Tokens (HT) in your MetaMask wallet. This is used as ‘gas’ for…
FilDA is currently preparing to deploy on new chains (inc. Polygon) and, to encourage this cross-chain ethos, we are pleased to be working with Elk Finance to bring cross-chain solutions to our communities.
Elk seeks to address fragmentation across blockchains. Currently, there are dozens of L1s and L2s that, make it really hard to move value across chains, creating a barrier to adoption.
Elk is a multi-chain DEX or a mesh network for liquidity that is decentralized and non-custodial. Elk can be considered an L3, building on top of existing protocols and joining them together into a seamless network.
Each loan is over-collateralized, this means you must deposit more than you borrow. Loans have no time limit for repayment, require no credits checks or divulgence of personal information and borrowed funds are instantly transferred to your connected wallet. Once in your wallet they are wholly yours.
Liquidations can occur when the deposited amount of collateral is no longer enough to cover the value of the permitted loan (variable borrowing threshold percentages exist for each asset) due to market conditions. On top of the loan utilisation thresholds, FilDA applies an initial safety line of 85%.
Users can choose which assets…
1. Added support for TUSD asset borrowing and lending.
2. Supported the Lucky Heco NFT campaign.
3. Fixed the vulnerability for the Cream attack event.
4. The lending function for Heco super node voting has been developed and will be released after being audited.
5. Add Mdex LP pledge and automatic reinvestment interest-bearing functions, develop and release after audit.
6. FilDA V2 contract beta release for final review, testing and fine-tuning.
7.V2 front-end developed 60%, expected to be completed in September for deployment
8. Deployed V1 contracts and validated product processes for Polygon and BSC.
Total deposits and loans：$421,857,444.07
Location: FilDA Telegram
Date and time: August 9th, 1200UTC
We started with questions for our guest from TUSD and they provided the following comprehensive answers:
Introduction of TUSD
First let me give you an introduction on TUSD. TrueUSD (TUSD) is the first independently-verified digital asset redeemable 1-for-1 in US Dollars. The multichain stablecoin uses various banks, escrow accounts, and third-party attestations to reduce counterparty risk, provide transparency, and prevent fraud.
Each TUSD token is fully collateralized and attested live on-chain, now moving billions in monthly trade volume across over 100 global trading partners. Liquidity is offered on numerous leading exchanges…
FilDA Finance Update 2nd August 2021
Total Deposits & Loan: $352.80m
Current $FilDA Supply: 74,984,664
Market Cap: $11,054,639
Current FilDA Liquidity Pools: 4 Pairs
FilDA LP Staking: https://filda.io/staking
Current DAO Pool Total: 27.289m $FilDA
Twitter: 20.7k followers
Global (English) Telegram Group: 2,734 members
WeChat (Chinese) groups: ~3600 members
We are delighted to announce that our DeFi notification system for FilDA on the HECO Chain has officially launched.
We hope that WAU Finance can reduce liquidations and reveal profitable opportunities for users by sending notifications by email and SMS when:
FilDA has run smoothly for 6 months, and undergone continuous upgrades to its security protection. It has also passed four security audits: SlowMist Technology, Know Chuangyu, FairyProof Security, and Certik. In terms of network security, it is amongst the market leaders.
A white hat team conducts in-depth source code audits of FilDA, has built a cloud security detection platform, monitors the security status of global sites, has strong threat awareness and vulnerability detection capabilities, and is committed to building a distributed, high-concurrency, modular, and discrete security systems.
The result? A transparent and reliable lending platform.
FilDA has also established: 24-hour…