Ethereum Wrapped Filecoin (EFIL) Coin Complete Detailed Review About Ethereum Wrapped Filecoin

What Is Ethereum Wrapped Filecoin (EFIL)

Ethereum Wrapped Filecoin (EFIL) is a DeFi compatible ERC-20 token that is pegged 1:1 with Filecoin (FIL). EFIL tokens can be used on DeFi protocols such as Uniswap or exchanged for FIL tokens. This project aims to increase accessibility to the FIL tokens, which Filecoin miners require to scale their operations. The creation of new EFIL and the redemption of FIL are managed by a smart contract developed by Gemini and audited by Trail of Bits. Like WBTC, EFIL tokens are minted when FIL holders send their FIL tokens to the smart contract and get burned when EFIL holders send EFIL tokens to redeem FIL tokens.

Ethereum Wrapped Filecoin Basic Point Table

Who Are The Founder Of Ethereum Wrapped Filecoin (EFIL) ?

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EFIL Price Live Data

The live Ethereum Wrapped Filecoin price today is $6.35 USD with a 24-hour trading volume of $818.28 USD. We update our EFIL to USD price in real-time. Ethereum Wrapped Filecoin is up 1.06% in the last 24 hours. The current CoinMarketCap ranking is #6247, with a live market cap of not available. The circulating supply is not available and a max. supply of 33,427 EFIL coins. If you would like to know where to buy Ethereum Wrapped Filecoin at the current rate, the top cryptocurrency exchanges for trading in Ethereum Wrapped Filecoin stock are currently Uniswap (V2), and SushiSwap. You can find others listed on crypto exchanges page.

Wrapped Filecoin (EFIL) is a DeFi compatible ERC-20 token that is pegged 1:1 with Filecoin (FIL)

EFIL tokens can be used on DeFi protocols like Uniswap and Aave or exchange for FIL tokens. This project aims to increase accessibility to the FIL tokens, which Filecoin miners require to scale their operations. As an EFIL holder, you can provide liquidity on Aave and earn lending fees.

The creation of new EFIL

The Redemption of FIL are managed by a smart contract developed by Gemini and audited by Trail of Bits. Like WBTC, EFIL tokens are minted when FIL holders send their FIL tokens to the smart contract and get burned when EFIL holders send EFIL tokens to redeem FIL tokens.

Where is EFIL available?

EFIL is currently available in all jurisdictions in which FIL is supported. Please see Areas of Availability page for more information.

How do acquire EFIL?

Customers within jurisdictions in which FIL is supported can convert FIL to EFIL using the “Wrap” order type on the web interface and mobile app, or buy new FIL and wrap it in a single transaction

What does “wrap” and “unwrap” mean?

Wrapping FIL is the process of converting FIL tokens to EFIL. You can mint new EFIL tokens by wrapping a portion or all your FIL balance. Unwrapping EFIL means converting EFIL back to FIL tokens.

How do wrap FIL tokens?

On the App: 

1. Tap on Filecoin (FIL) from the Market tab of the app.
2. Tap “Trade” and then “Wrap”.
3. Enter the quantity of FIL you would like to wrap and confirm the transaction.

On the Web Interface:

1. Select Filecoin (FIL) from the Market tab. 
2. Select “Wrap” as the order type. 
3. Enter the quantity of FIL you would like to wrap and confirm the transaction.

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