💲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: "Wrapped" 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, and Polygon zkEVM, 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.

"Wrapped" Filecoin (axlFIL)

• Availability: Ethereum mainnet, Avalanche.

• As the native token of the Filecoin network, a decentralized storage system, FIL plays a crucial role in the network's functioning. It is used as a payment method for storage providers and retrieval of data, making it an integral part of the network's economy.

• Secured Finance integrated and to facilitate easy and secure cross-chain swaps to wrap and unwrap native FIL into axlFIL under Ethereum mainnet and Avalanche. This conversion retains the inherent value of FIL while expanding its applicability in decentralized finance. Users can effectively leverage their FIL holdings through this mechanism, utilizing axlFIL as a loan asset within the Secured Finance platform.

USD 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.