🧙Getting Started
Your guide to using the USDFC stablecoin protocol
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.
What You'll Learn
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 under low liquidity conditions
Key Components
Core Operations
What You Can Do With USDFC
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
Lend in Fixed-Income Markets - Earn interest by lending USDFC in Secured Finance's Fixed Income Market
Bridge to Other Chains - Use the bridge and swap functionality to move USDFC to other blockchains
Testnet Resources
If you want to try USDFC on testnet first:
Access the Getting Test USDFC on Testnet
Get testnet tFIL from the Calibration Faucet
Watch the Demo from FIL Dev Summit 2024
Related Resources
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