After months of growing our community and developing our product, FILLiquid is proud to announce that our testnet is officially going live this week on February 20th.
We’re incredibly excited to showcase our decentralized lending platform and hope you are just as happy to give it a trial run.

FILLiquid Testnet: Turning Our Dream Into a Reality

We built FILLiquid to help $FIL holders earn a passive income through lending, while Storage Providers can access $FIL liquidity for storage power growth without increasing their financial burden.
Our dream is now becoming a reality with the testnet just around the corner.
We humbly invite you to utilize our testnet to get a feel for what’s to come when the protocol finally goes live. To show our appreciation for your contribution, all participants in the testnet are eligible to earn $FIG airdrop rewards when the token goes live.

Plans Before Product Launch

We’re extremely close to our protocol finally being ready to go live. Before we can flip the switch, we need to ensure that our protocol runs smoothly. Our testnet provides us the perfect opportunity to nail any last-minute patches before launch, and it will showcase the liquidity pool in its fullest form.
The testnet platform will allow you to load your Filecoin wallet with testnet tokens to participate.
Once your wallet is loaded with testnet tokens, you can look around and start lending, borrowing, and staking your tokens.
The lending platform is for $FIL holders, who can deposit their tokens to earn a passive income through interest paid by borrowers.
When you deposit your asset, the smart contract will provide you with a liquid staking derivative token called $FIT. The token is the proof of stake token, and it acts as a vehicle of dividend allocation, so you can claim your interest earned.
You can also increase your rewards by using $FIT for farming $FIG, our governance token in the Farming product.
For borrowers, you can run a test of binding your miner to the ecosystem to start borrowing $FIL from the liquidity pool in a testnet environment.
The testnet is designed to stress test our protocol in a live scenario, allowing us to ensure that everything is functioning as intended.
It also gives you a chance to provide feedback, allowing us to make our product even better for our community.
Our testnet will also focus on community building through our string of exciting partnerships to help push our protocol forward.
Of course, we’re partnered with Filecoin and Protocol Labs — the guys pushing the Filecoin network forward — and are extremely excited for them to see how we intend to do our part in helping Filecoin achieve consistent storage growth.
We’re also partnered with projects called Greater Heat and File Drive, two platforms we will collaborate with for lending services, community growth, and business development.
Furthermore, we have partnerships with Force Community, Filescan, Filfox, Burrito Wallet, OpenGate, Filscriptions, DSPA Asia, and BFG.
Our partnerships focus on collaboration for community growth and business development.

The Rewards: $FIG Airdrops For Everybody Involved

As mentioned, everybody participating in the testnet is eligible for a $FIG airdrop once the token goes live.
There’s also a bug bounty program and a referral scheme to help increase your airdrop.
We will release a detailed breakdown of the specific reward allocations closer to our launch.

Future Focus Following Testnet

Our developers will continue implementing any necessary changes following the feedback insights from the testnet.
Once implemented, we plan to have our smart contract audited by a top-tier third-party security firm.
After the audit is complete, we will start to gear up for our official mainnet launch in the coming weeks!
However, we have a few exciting weeks ahead of us with our testnet before the mainnet launch. If you’re interested in participating and earning airdrops, be sure to follow our social channels below to stay informed on when the testing starts.