📢 Secured Finance Weekly Update
This week’s update is one of our most exciting yet. Axelar and Squid have integrated USDFC, activating cross-chain swap functionality. Riding that momentum, USDFC officially launched on May 14. We’ve completed key improvements across analytics, UI, and campaign engagement.
🏦 USDFC (Filecoin-Backed Stablecoin)
Official Launch:
• @USDFC_Protocol officially launched on the @Filecoin network on May 14 after Alpha and Beta testing, and it already supports a variety of use cases—with more to come.
Market Monitoring & Stability:
• Ongoing peg monitoring and liquidity provisioning continues across @SushiSwap.
Security:
• Bug bounty feedback is under review, with fixes underway.
📈 Lending Platform
UI/UX Upgrades:
• The 24-hour price change and volume metrics are now integrated and visible in the dropdown and dashboard.
• Final design unification for order-related pages is progressing smoothly.
• Historical chart and tooltip improvements are under final review.
Market Data Integration:
• Trading volume for the Lending Platform is now tracked on @DefiLlama.
🌐 Collaborations & Community
Cross-Chain Swaps Now Live:
• @axelar and @squidrouter have integrated USDFC, enabling seamless cross-chain swaps directly on our Bridge page.
Campaigns:
• The USDFC Pioneer Trading Mission concluded with over 800 participants and more than 267K USDFC in volume.
Community Call #87 Recap:
• Thanks to everyone who joined — we covered protocol readiness, USDFC peg monitoring, and answered your Beta phase questions.
FDS6 in Toronto:
• On May 12–13, Masa took the stage at FDS6 in Toronto, presented at the “Adoption for Stablecoins” workshop, and attended several @protocollabs events.
Documentation Updates:
• Continuous improvements are being made to the documentation—including the developer portal—for both USDFC and the Lending protocol.
📚 Insights
Latest Article – “USDFC Is About to Go Public”:
• Read Kenji’s full breakdown on USDFC’s journey and what comes next. https://t.co/TJZGRPSTJB
Interview Video on USDFC:
• Masa thoughtfully answered nine incisive questions about USDFC—be sure to watch! https://t.co/nznx6IiejP
External Risk Analysis:
• @cryptoeconlab conducted an independent risk assessment of USDFC and has published the report. https://t.co/9VKsDmRVVg
🔗 Resources
• USDFC App: https://t.co/7hnxa58Z15
• Lending Platform App: https://t.co/jSG1GOoMAP
• Official Documentation: https://t.co/rT2YHcxqOc
USDFC’s official launch marks a watershed moment for the Filecoin ecosystem. The journey has only just begun—stay tuned as we build on this momentum and continue shaping the future of decentralized finance together. 🚀