Wrapped Filecoin (EFIL) is an ERC-20 token backed 1:1 with Filecoin (FIL) that provides CoinList users with additional access to the DeFi ecosystem. All minted eFIL will be backed 1:1 by FIL held in Gemini Custody™, an institutional-grade storage system.
EFIL provides traders, institutions, and dapps a bridge to the Ethereum network maintaining exposure to Filecoin. Wrapping an asset enables token holders to participate in DeFi and program smart contracts.
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For institutional traders and Market-Makers, swap instantly FIL for EFIL - and vice versa - without ever having to login to your CoinList account.