Anchorage’s lending program provides Filecoin to Storage Providers on the network. These are the nodes that store data. For a Storage Provider to operate on the Filecoin network, they must purchase and operate storage equipment while also posting Filecoin as collateral. As a result, the capital requirement for Storage Providers is high, and Anchorage helps more providers participate through our lending facilities.

Anchorage is also the financing partner for the Filecoin Storage Provider Accelerator (ESPA), which is a 7-month intensive program that teaches storage providers how to operate in Filecoin.

For borrowers

Filecoin lending program allows Storage Providers to expand their operations in a capital efficient manner, supporting the growth of the network. Anchorage will lend to creditworthy providers across the globe seeking at least 100,000 Filecoin.

For Filecoin holders

Institutional Filecoin holders can also participate in Anchorage’s lending program. As a lender in the program, you’ll be able to earn one of the highest Filecoin yields on the market.

The role of storage providers

“Anchorage has been an incredible partner even prior to our mainnet launch. This new lending program provides Storage Providers access to more FIL so they have the ability to take advantage of the 10x block rewards when storing useful data. For Filecoin holders it is a unique way to earn double-digit rewards while powering the growth of a larger decentralized network. A win-win for both ecosystems.”

— Stefaan Vervaet, Protocol Labs.

About Filecoin

Filecoin was created to decentralize secure data storage and open web access to billions of people around the world by addressing data sovereignty, privacy, and security controls.

About Anchorage Digital

Anchorage Digital is advancing institutional participation in the digital asset class.

📰 INFO

https://medium.com/anchorage/filecoin-lending-with-anchorage-digital-e314455a439d

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