Supported Currencies
A guide to the digital assets available for lending and borrowing on the Fixed-Rate Lending Protocol
Prerequisites
Basic understanding of digital assets and cryptocurrencies
Access to the Secured Finance platform
Familiarity with blockchain networks (helpful but not required)
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 guide provides an overview of the assets currently supported on our platform and their unique characteristics.
Step 1: Understanding Available Assets
Secured Finance supports five major digital assets for lending and borrowing:
Filecoin (FIL)
Native token of the decentralized storage network Filecoin
Available on: Filecoin (FVM), Ethereum
Used for payments and transactions within the Filecoin ecosystem
USD for Filecoin Community (USDFC)
A stablecoin pegged to the US dollar for the Filecoin Community
Available exclusively on the FVM for lending/borrowing and collateral
Provides price stability for Filecoin ecosystem participants
Ethereum (ETH)
Native token of Ethereum, powering smart contracts and dApps
Available on: Ethereum, Arbitrum
Core DeFi asset with widespread adoption
USD Coin (USDC)
A stablecoin pegged to the US dollar
Available on: Ethereum, Arbitrum
Offers price stability for lending and borrowing
Wrapped Bitcoin (WBTC)
Wrapped version of Bitcoin for use within the Ethereum ecosystem
Available on: Ethereum, Arbitrum
Brings Bitcoin's value and liquidity to DeFi protocols
Step 2: Checking Asset Availability by Blockchain
Different assets are available on different blockchains. Use this table to determine which assets you can use on each network:
Blockchain
Available Assets
Ethereum
WBTC, ETH, USDC, FIL (as axlFIL)
Arbitrum
WBTC, ETH, USDC
Filecoin (FVM)
FIL, iFIL and pFIL (Liquid Staking Tokens), USDFC
Step 3: Understanding Collateral Options
Not all assets can be used as collateral. Here's what you can use as collateral on each blockchain:
Blockchain
Collateral Currencies
Ethereum
WBTC, ETH, USDC
Arbitrum
WBTC, ETH, USDC
Filecoin (FVM)
FIL, iFIL and pFIL (Liquid Staking Tokens), USDFC
Step 4: Selecting the Right Asset for Your Needs
When choosing which asset to lend or borrow, consider:
Purpose
For stable returns: Consider stablecoins like USDC or USDFC
For potential appreciation: Consider native tokens like ETH or FIL
For Bitcoin exposure: Consider WBTC
Blockchain
Choose assets available on your preferred blockchain
Consider gas fees and transaction speeds of each network
Note network-specific features (e.g., liquid staking tokens on FVM)
Risk Profile
Stablecoins typically offer lower but more predictable returns
Native tokens may offer higher returns but with more volatility
Consider collateral requirements when borrowing
Step 5: Using Liquid Staking Tokens
For Filecoin users, liquid staking tokens offer additional options:
iFIL
Available on: Filecoin (FVM)
Represents staked FIL that continues earning staking rewards
Can be used as collateral while still earning staking yield
pFIL
Available on: Filecoin (FVM)
Another liquid staking token for FIL
Combines staking rewards with lending/borrowing capabilities
Next Steps
After understanding the supported currencies, you might want to:
Troubleshooting
Asset Not Appearing in Wallet
If you don't see an asset in your wallet:
Ensure you're connected to the correct blockchain network
Check that you have the correct token contract address
Some assets may require manual addition to your wallet
Verify that the asset is supported on your current network
Cross-Chain Asset Access
If you need to use assets across different blockchains:
Note that not all assets can be bridged to all networks
Some assets may have wrapped versions on other networks (e.g., axlFIL on Ethereum)
Network Sunsetting Notice
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.
If you have assets on sunsetting networks:
Bridge your assets to supported networks as soon as possible
Unwind any open positions on these networks
Monitor announcements for specific sunset timelines
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