Onsen rewards for a renFIL/renBTC or renFIL/ETH pool

Summary
Filecoin is a decentralized storage network designed to store humanity’s most important information. Filecoin can now be minted on Ethereum using RenVM. renFIL pairs being incentivized on Onsen could significantly increase the liquidity of Filecoin on Ethereum.

Abstract
-Filecoin is essential for decentralized storage on the internet. Many cryptocurrency protocols currently store their information on IPFS. ConsenSys Codefi has added renFIL to their defi bridge.
-There is a lack of liquidity for renFIL on Ethereum. This could be a roadblock in renFIL being onboarded to defi’s yield farming projects and lending protocols. It is likely that Sushiswap would attract the most renFIL liquidity in a short timeframe as renFIL hasn’t been promoted by many AMM’s yet.

Motivation
Making Ethereum interoperable with more blockchains, bringing more liquidity to Sushiswap, and promoting the adoption of RenVM. Possibly experimenting with renBTC as a standard in AMM pairs.

Specification
Adding renFIL/renBTC as a pool with Onsen rewards. Adding renFIL/ETH if the Sushiswap team determines that is best for Sushiswap/RenVM/Filecoin.

For
Increasing liquidity of renFIL, encouraging other defi protocols to adopt it.

Against
People against interoperability

Coingecko:

ConsenSys Codefi defi bridge:

bridge.codefi.network

Etherscan:

4 Likes

Who can we contact from the Filecoin team to discuss this addition to Onsen?

3 Likes

I’m chatting with the Filecoin team later today and will bring this up. :+1:

1 Like

is there any update on this?