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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…


A new partnership between FilDA and Elk accelerates the new era of comprehensive cross-chain DeFi services

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.

What is Elk?

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.


The banking (lending and borrowing) protocol on FilDA.io is a revision based on Compound. It allows users to deposit supported assets and earn interest on these deposits (lending), and also allows users to use their deposited assets as collateral against loans of supported assets (borrowing).

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…


A monthly report about news and development for FilDA: Secure your own wealth

Product Dynamics

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.

Project data

Total deposits and loans:$421,857,444.07
Current address…


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

I: Project Statistics

  • TVL: $191.63m
  • Total Deposits & Loan: $306.36m
  • Current $FilDA Supply: 79,935,576
  • Market Cap: $10,899,599
  • Current FilDA Liquidity Pools: 4 Pairs
  • FilDA LP Staking: https://filda.io/staking
  • Current DAO Pool Total: 27.11m $FilDA
  • HECO Node position: 1st

II: Community Update

  • Twitter: 22k followers
  • Global (English) Telegram Group: 2,757 members
  • WeChat (Chinese) groups: ~3650 members

III: Development Update

  • Third-party investment page now includes the Depth and Booster protocols to expand DeFi opportunities and improve the efficiency for users’ funds.
  • In LuckyHeco activities, NFTs were issued and bonuses granted to overseas communities.
  • Improved deposit exchange function: one-click conversion of deposit and debit positions.
  • Optimized deposit…


FilDA Finance update 15th July 2021

I: Project Statistics

TVL: $232.54m

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

II: Community Update

Twitter: 20.7k followers

Global (English) Telegram Group: 2,734 members
WeChat (Chinese) groups: ~3600 members

III: Development Update

Website:

  • Design work has been mostly completed.
  • Front-end developer team is preparing the website for our new look.

Chains:

  • Contracts have been readied for deployment.
  • The economic model is being fine-tuned.
  • Huobi Eco Chain Global Node Election is now live. FilDA is a main node (ranked 3rd).


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:

  • The loan utilization rate changes more than 2% within 5 minutes
  • The loan utilization rate exceeds the set trigger levels
  • (VIP only) The price level of an asset has been crossed (up to 3 triggers).
  • (VIP only) The interest rate level of savings and borrowed assets has been crossed (up to 3 triggers for savings and up to 3…


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…


Following a community question about staking opportunities for FilDA, we thought it might be helpful to compile a list of the current staking and liquidity mining options away from FilDA.io

Maybe you’ll find what you’re looking for with one of our partners…

MDEX.com

FilDA

FilDa is your portal into the next wave of decentralized finance.

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