Getting Started
Your guide to using the USDFC stablecoin protocol
Last updated
Was this helpful?
Your guide to using the USDFC stablecoin protocol
Last updated
Was this helpful?
Welcome to the USDFC stablecoin protocol! This section provides step-by-step guides to help you start using USDFC, a dollar-pegged stablecoin backed by Filecoin (FIL) collateral. Whether you're new to DeFi or an experienced user, these guides will walk you through the essential operations of the USDFC protocol.
USDFC allows you to unlock the value of your FIL holdings while maintaining exposure to FIL's potential price appreciation. By depositing FIL as collateral in a Trove, you can mint USDFC stablecoins and use them across the DeFi ecosystem.
How to create a Trove and deposit FIL collateral
How to mint USDFC stablecoins against your collateral
How to manage your collateral ratio to avoid liquidation
How to monitor your position's health
How to participate in the Stability Pool to earn rewards
How to redeem USDFC for FIL when you're ready to exit
Creating a Trove
Set up your collateralized debt position
Minting USDFC
Generate stablecoins against your collateral
Managing Collateral
Add or withdraw collateral to adjust risk
Monitoring Position
Track your Trove's health and liquidation risk
Using Stability Pool
Earn rewards by helping secure the protocol
Redeeming USDFC
Exchange USDFC for FIL at face value
After minting USDFC, you have several options to put your stablecoins to work:
Deposit into the Stability Pool - Earn liquidated FIL at a discount while helping secure the protocol
Provide Liquidity on DEXs - Pair USDFC with FIL on SushiSwap to earn trading fees
If you want to try USDFC on testnet first:
Lend in Fixed-Income Markets - Earn interest by lending USDFC in Secured Finance's
Bridge to Other Chains - Use the functionality to move USDFC to other blockchains
Access the (also available in )
Get testnet FIL from the
Watch the
