FIL Lending APY Cap on 7up.finance Increased to 500% at 8 am, Oct 29, UTC
Oct 29, 2020
7up.finance is a DeFi Filecoin (FIL) lending and investment platform based on Binance Smart Chain.
Since launch, 7up.finance has experienced unprecedented FIL borrowing interest and increasing user volume, resulting in a Utilization Rate of as high as 99.99%.
In response to the community’s requests and the market condition, we have decided to increase the Market Popularity factor to reflect the real demand, and the maximum of FIL lending APY is increased to 500% from 170%, as explained in the following formula:
Lending APY = Base APY + Utilization Rate * Market Popularity
The APY cap increase will be implemented and take effect at 8am, Oct 29, UTC.
Where to find us?
Please stay tuned for more tutorials and updates on our social channels!
- Website: https://7up.finance/
- Telegram chat: https://t.me/sevenupfinancechat
- Telegram announcements: https://t.me/sevenupfinanceann
- Twitter: https://twitter.com/7upFinance
- Medium: 7upfinance.medium.com
- 7UP token contract address: https://bscscan.com/token/0x29f350b3822f51dc29619c583adbc9628646e315?a=0xDdD118CaB8c9042265F65e16dA68c062940BaC65
