We are excited to introduce a new volume-based fee structure for traders that want to convert between BTC/WBTC and FIL/EFIL. The new fee structure gives discounted trading rates to anyone that trades larger amounts of WBTC and EFIL. For Wrapped Bitcoin (WBTC), the fees start at 0.25% for minting / redeeming 0-10 BTC/WBTC and decrease from there to 0.10% mint / 0.14% redeem. For Wrapped Filecoin (EFIL), the fees start at 0.25% for minting / 0.50% for redeeming 0-2,500 FIL/EFIL and decrease from there to 0.175% mint / 0.35% redeem. The new fees are based on a rolling 14 day volume and are eff ..read more

We’re excited to announce that starting today, CoinList users can mint Wrapped Filecoin (EFIL) directly from their FIL wallets. Wrapped Filecoin (EFIL) is an ERC-20 token backed 1:1 with Filecoin (FIL) that will provide CoinList users with additional access to the DeFi ecosystem. Once you have EFIL in your CoinList wallet, you can withdraw it to any Ethereum address and participate in DeFi. Wrap FIL now » CoinList + Protocol Labs + Gemini In 2017, CoinList partnered with Protocol Labs to run a compliant offering of Filecoin SAFTs. Through that SAFT offering, early backers contributed $205M to ..read more

Last week we gave you a 10,000-foot view of DeFi to provide you with the base knowledge to understand what is going on in the space. Today we will focus on the risks of participating in such pools. We will focus on Uniswap because it is the largest and simplest protocol, but the lessons we will draw from this analysis can be applied to any other liquidity pool: Balancer, SushiSwap, curve.fi etc. Liquidity Pools 101 Before looking into how a liquidity pool works, let’s take a step back and look at decentralized exchanges, or DEXs (for a deeper dive, our friends over at BitMEX published a thoro ..read more

The main advantage of locking BTC into WBTC is that it can be used to unlock a suite of passive income opportunities and attractive interest rates on various DeFi protocols. Since Compound’s massive launch only two months ago, old and new DeFi protocols alike have rushed to release new governance tokens, economic models, and liquidity mining schemes all designed to capture the swelling demand for Yield in DeFi. As we observe the growth of DeFi, we are witnessing an ever-expanding trend of users being able to partake in the upside of a protocol’s growth. It feels like every week there is a new ..read more