💲Supported Currencies

Diversify Loan/Bond's Currency Exposures with Various Denominated Currencies

Overview

Secured Finance supports a carefully selected range of digital assets for lending and borrowing, tailored to meet the needs of diverse users across multiple blockchains. This section provides an overview of the assets currently supported on our platform and their unique characteristics.

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Supported Currencies

Lending & Borrowing Currencies

Secured Finance supports five major digital assets for lending: Filecoin (FIL), USD for Filecoin Community (USDFC), Ethereum (ETH), USD Coin (USDC), and Wrapped Bitcoin (WBTC). These assets were chosen for their stability, utility, and role in the digital asset ecosystem. Note that the availability of certain assets may vary depending on the blockchain.

Currency	Availability	Description
Filecoin (FIL)	Filecoin (FVM), Ethereum	Native token of the decentralized storage network Filecoin, enabling payments and transactions.
USD for Filecoin Community (USDFC)	Filecoin (FVM)	A stablecoin pegged to the US dollar for the Filecoin Community; available exclusively on the FVM for lending/borrowing and collateral purposes.
Ethereum (ETH)	Ethereum, Arbitrum	Native token of Ethereum, powering smart contracts and decentralized applications.
USD Coin (USDC)	Ethereum, Arbitrum	A stablecoin pegged to the US dollar, offering price stability for lending and borrowing.
Wrapped Bitcoin (WBTC)	Ethereum, Arbitrum	Wrapped version of Bitcoin, enabling its use within the Ethereum ecosystem.

Collateral Currencies

Secured Finance also accepts collateral from a similar set of assets, but their use as collateral is defined by chain compatibility:

Blockchain	Collateral Currencies
Ethereum	WBTC, ETH, USDC
Arbitrum	WBTC, ETH, USDC
Filecoin (FVM)	FIL, iFIL and pFIL (Liquid Staking FIL), USDFC

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Asset Highlights

Filecoin (FIL, iFIL, and axlFIL)

• Availability: Filecoin mainnet (FVM), Ethereum mainnet

• Filecoin (FIL) powers the decentralized storage ecosystem, facilitating payments and data retrieval.

• Liquid staking derivatives, such as iFIL, are also supported on the Filecoin Virtual Machine (FVM), unlocking additional utility and lending opportunities.

Ethereum (ETH)

• Availability: Ethereum mainnet, Arbitrum

• ETH is a core DeFi asset, powering decentralized applications and smart contracts. Its stability and widespread use make it ideal for lending and borrowing.

USD Coin (USDC)

• Availability: Ethereum mainnet, Arbitrum

• As a stablecoin pegged to the US dollar, USDC is an attractive choice for users seeking price stability and predictable returns.

Wrapped Bitcoin (WBTC)

• Availability: Ethereum mainnet, Arbitrum

• WBTC enables Bitcoin's value to integrate into the Ethereum ecosystem, allowing users to leverage its liquidity and utility within DeFi protocols.

USD for Filecoin Community (USDFC)

• Availability: Filecoin (FVM)

• USDFC is a stablecoin pegged 1:1 to the US dollar, designed specifically for the Filecoin Community. It is supported for both lending/borrowing and collateral purposes exclusively on the Filecoin Virtual Machine (FVM).

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Expanding Asset Options

Looking ahead, Secured Finance plans to introduce additional digital assets and liquid staking derivatives to further diversify options for users. Our focus remains on enhancing flexibility and utility, ensuring the platform continues to meet the evolving needs of the DeFi community.

We are sunsetting support for Avalanche and Polygon zkEVM. These networks and associated assets will no longer be actively supported on Secured Finance Fixed Rate Lending Protocol.