💲Lending Currencies

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

Overview

Secured Finance supports a wide range of digital assets for lending and borrowing. This section provides an overview of the assets supported on our platform and their respective characteristics.

Supported Currencies

Secured Finance supports four major digital assets: Filecoin (FIL), Ethereum (ETH), USD Coin (USDC), and Wrapped Bitcoin (WBTC). These assets were chosen for their unique characteristics and roles in the digital asset ecosystem. Our contracts are deployed on multiple chains, including Ethereum mainnet, Arbitrum, Avalanche, Polygon zkEVM, and Filecoin with some currencies having limited availability across these networks.

Wrapped Bitcoin (WBTC)

• Availability: Ethereum mainnet, Arbitrum, Avalanche, Polygon zkEVM.

• As the first and most recognized digital currency, BTC holds a significant place in the digital asset ecosystem. Wrapped Bitcoin is Bitcoin wrapped in the Ethereum ecosystem; hence, its widespread use and acceptance make it a valuable asset for lending and borrowing on Secured Finance.

Ethereum (ETH)

• Availability: Ethereum mainnet, Arbitrum, Avalanche, Polygon zkEVM.

• As the native cryptocurrency of the Ethereum network, ETH is used to power decentralized applications and execute smart contracts. Its widespread use and acceptance make it a valuable asset for lending and borrowing on Secured Finance.

Filecoin (FIL and axlFIL)

• Availability: Ethereum mainnet, Avalanche, Filecoin mainnet (FVM).

• As the native token of the Filecoin network—a decentralized storage system—FIL is essential to its operation, serving as payment for storage providers and facilitating data retrieval within the network's economy. With Secured Finance’s integration on the Filecoin mainnet, native FIL is now tradable on the Filecoin Virtual Machine (FVM).

• In addition, wrapped FIL (axlFIL) is available on Ethereum and Avalanche, expanding FIL’s cross-chain utility. Secured Finance has facilitated seamless and secure cross-chain swaps, enabling users to wrap and unwrap FIL into axlFIL on Ethereum and Avalanche. This conversion preserves FIL’s intrinsic value while enhancing its versatility in decentralized finance. Users can leverage axlFIL as a loan asset within the Secured Finance platform, allowing them to maximize the potential of their FIL holdings across multiple chains.

USD Stable Coin (USDC)

• Availability: Ethereum mainnet, Arbitrum, Avalanche, Polygon zkEVM.

• As a stablecoin, USDC offers price stability by being pegged to the US dollar. This makes it an ideal asset for those looking to avoid the volatility often associated with other digital assets. On Secured Finance, users can lend or borrow USDC, providing a stable medium of exchange.

Expanding Loan Assets Options

These assets provide a diverse range of options for users on Secured Finance, allowing them to leverage their holdings in various ways. Whether you're looking to lend your assets and earn interest, or borrow against your holdings for liquidity, Secured Finance provides a robust and flexible platform to meet your needs.

Looking ahead, Secured Finance aims to expand the range of assets available for loan on the platform. This will provide users with even more options for lending and borrowing, further enhancing the flexibility and utility of the platform.