FILLiquid
FILLiquid
FIL-1.60%
🧃 What is FILLiquid? FILLiquid is like a money playground for Filecoin ($FIL). Some people put their FIL in, and others borrow it when they need it. #Filliquid #ELI5 #ExplainLikeImFive #Learn #Community #mechanism
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📊 How are interest rates decided? FILLiquid uses something called a “utilization rate”, which means how much of the money is currently being borrowed. If a lot of FIL is borrowed, interest goes up. → This makes more people want to put their FIL in. If not much FIL is borrowed, interest goes down. → This makes it easier for people to borrow.
đŸ€– It’s all automatic! No humans are pressing buttons. Smart robots (smart contracts) check the pool and change interest rates instantly based on what’s happening in real-time.
💰 Why should I deposit my FIL? You earn rewards (interest). When more people borrow, you earn more. You don’t need to check it all the time — the system runs itself. Your FIL isn’t just sitting there — it’s being used!
"That's the real reason why music critics and cool kids hate Phish so much—they operate as if punk never happened." - @Steven_Hyden
🔒 Final Slide — Stay Alert! "This is the last page of the thread. Be cautious and always double-check
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