Fold
Fold empowers Filecoin Storage Providers with lending based on on-chain reputation calculated using Lilypad's computational power. It leverages ML models and robust risk mitigation to ensure staking profitability and prevent defaults.
Project Description
Fold mitigates a critical constraint for Storage Providers (SPs) within the Filecoin landscape: insufficient capital for staking. Through the introduction of under-collatralized loan opportunities, Fold empowers SPs to optimize infrastructure utilization and incentivizes participation in the network. This strategy fosters a more robust Filecoin ecosystem by expanding its decentralized storage capacity and enhancing overall reliability.
Furthermore, Fold introduces a liquid staking pool, enabling users to directly contribute their FIL tokens and earn returns generated by the Filecoin network. This two-pronged approach fosters a more robust Filecoin ecosystem by expanding its decentralized storage capacity, attracting a wider pool of participants (both SPs and token holders), and enhancing overall network reliability.
How it's Made
The Project is built by leveraging Filecoin's FVM and Lilypad at its core.
-The ERC4626 based Pool contract and the Storage Provider Contract are deployed on the Filecoin network compiled on FVM which handles the core logic of the protocol.
-Leveraging LilyPad, we employ a regression-based ML model to analyze Storage Providers' on-chain data, enhancing the accuracy of reputation and collateral demand predictions. -The frontend is made with ReactJS using truffle as a framework
