[Launched] FilDA--highly secure decentralized digital asset banking platform

[FilDA]

Proposal details

Project Name

[FilDA]

Project Type

[ DeFi ]

Proposal Description

[ A decentralized money market with DAO governance
Peak TVL $2.1 billion on HECO.
$20 million USD interest accrued on savings deposits in 10 months.

Roadmap

First of all, Filda will deploy a lending protocol on IoTeX. Community members can leverage their assets with FilDA to long or short the market, amongst other strategies. Furthermore, more liquidity will come to the IoTeX ecosystem.

Secondly, FilDA will expand the asset class to include synthetic assets such as UNI V2. In addition, we will support credit lending, providing unsecured lending for secure agreements, thereby improving capital efficiency. The first instance added could be leveraged farming.

In the future, FilDA would also like to explore the NFT+DeFi scenario. DeFi is the catalyst that can push NFT to expand its boundaries, alongside the excitement that NFT is currently generating in the crypto space. Lending markets may be the missing ingredient in the NFT ecosystem. A mature NFT ecosystem needs to establish a market where people can either use NFT to obtain loans or lease their NFT for a profit. To this end, FilDA 2.0 may explore how to provide liquidity to high-quality assets in the growing NFT market.

Security is always the primary priority for us. FilDA uses time locking and multi-signature mechanisms, cooperates with third-party independent developers, works alongside white hats and security companies reviewing code together (inc. Slowmist, PeckShield, Certik, FairyProof, Knownsec).

Milestones

[ 100,000 USDT for improving products and implementing a marketing campaign to attract more users to lend or borrow on FilDA@IoTex.]

• Milestone 1:

  • Duration (weeks): 1-2 week
  • Announcement of the cooperation between FilDA and IoTeX, and FilDA completing community voting on the IoTeX-deployment proposal. An audit report by tier 1 security auditors will be provided before launch.
  • Funds request (USD): 50,000 USDT

• Milestone 2:

  • Duration (weeks): 1-2 week
  • FilDA successfully launches on IoTeX and TVL reaches 5 million USDT.
    IoTeX provides 50,000 USDT support for future operation.
  • Funds request (USD): 50,000 USDT

Total funds requested

[100,000 USDT ]

About your Team

[ Describe your team members with skills and links to profiles like Linkedin/GitHub/Portfolio ]
Ashton Chen/ Song Sjun/ Soong Bao/ Austion Chao
Relevant Experience
Ashton is an experienced blockchain expert. As a core developer of a well-known Oracle, he built the core component of this project. Song Sjun has more than 10 years of experience in operating system development. He’s also a serial entrepreneur who developed a popular crypto wallet. Soong has 10 years experience in product design and investment. Austin Chao is a professional in the blockchain market and ecosystem.

Metrics

[If applicable, please provide the number of users/transactions you expect your product to bring to the IoTeX ecosystem]
10000+

Links

[If applicable, please provide relevant links about your project]

GitHub - fildaio/FilDA

🔔审计报告

FilDA

=== Do not change this section ===

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=== Please add Milestone Reports below ===

Milestone Report: #1
Invoice form has been filled out correctly for this milestone.
Deliverable Name : Announcement of the cooperation between FilDA and IoTeX, and FilDA completing community voting on the IoTeX-deployment proposal. An audit report by tier 1 security auditors will be provided before launch.
Proof : https://twitter.com/FilDAFinance/status/1468199017502887941
🔔审计报告 - FilDA
FIPs/FIP_0010_FILDA_2_0.md at main · fildaio/FIPs · GitHub
Note : .Publicity and launch preparation
Payment tx : IoTeXScan Transaction Hash | IoTeXScan

Milestone Report: #2
Invoice form has been filled out correctly for this milestone.
Deliverable Name : FilDA successfully launches on IoTeX and TVL reaches 5 million USDT
Proof : FilDA
Note : When TVL >$ 5 M
Payment tx : IoTeXScan Transaction Hash | IoTeXScan

[Simonsig]

Hi. Can you provide some detail as to where and how the allocated funds relative to the marketing will be invested? Also, what percentage of funds will be focused on product improvement and why?
Kind regards
Simon

[FilDA]

Hi, Simon

Thank you for your interest in the FilDA project.

Currently, FilDA has launched IoTeX as planned. On December 10 and 12, AMA events were successfully held in IoTeX community and FilDA community respectively. Liquidity mining will also be started in the near future.

We know that marketing and continuous product updates are critical to DeFi projects, but in both cases, we believe that a good product and service experience is the most important and the foundation of all development. As a result, FilDA plans to spend 70% of its budget on product development and continuous improvement and 30% on marketing activities.

In product development, FilDA will focus on the following aspects:
· Loan product safety comes first, so FilDA will spare no effort in maintaining product safety. Including continued investment in security audits, FilDA has been audited by five audit firms; FilDA 2.0 also added time locking and multiple sign-on management in the face of endless attacks. When the protocol is more mature, the DAO will be given the authority to manage.
· In terms of product improvements, we will start with multi-chain deployment and operations to help FilDA become a true cross-chain network bank. When multi-chain operations are complete, we will start FilDA 2.1, which is ready to support cross-chain lending. Users can deposit money on one chain and then borrow/withdraw money on another chain, just like you can withdraw money from any ATM in the world.
· Increase credit lending interface to support unsecured lending. As for DeFi agreement of capital security, it can be open to grant certain lending quota for it, so that it can borrow money without providing collateral.
· More options to configure lending parameters, such as borrowing caps, allocation of deposit and borrowing token rewards, safety factors of borrowing assets, etc., allow FilDA to offer lending services for more asset types.
·FilDA2.0 will not only improve the product itself, but also expand more partners, because only a thriving ecosystem is the path to the long-term success of the project.

In terms of marketing, FilDA, as a global decentralized lending protocol, conducts market expansion activities in some countries and regions where the crypto market is relatively prosperous, so as to attract as many users as possible to use the lending products provided by FilDA. Our main marketing activities will include media channel building, FilDA community building, regular AMA events, promotion with KOL and partners, etc.