⛏️Borrow as a Storage Provider
Last updated
Last updated
Storage providers only need to stake the beneficiary to the contract as collateral. HashMix provides an innovative solution for SPs to maximize their profits in the Filecoin ecosystem. By providing permissionless options for a pledge and borrow, along with reasonable borrow APY and flexible repayment plans, SPs can repay their loans at any ratio and any time they prefer. With HashMix, SPs gain greater control over their financial future, making it a powerful tool for achieving their goals.
Visit https://fvm.hashmix.org/, click ‘Borrow FIL’, and click ‘Connect to MetaMask’ in the upper right corner to connect your wallet (please make sure your MetaMask has added FVM network and has FIL as gas fee, tutorial here.
Click ‘ESTIMATE’, and input the Miner ID to evaluate the credit of the node.
After signing the signature, you can find the evaluation details of the node in one minute or two. If you are willing to accept the offer, click ‘Accept’.
Click ‘Approve Beneficiary Transfer’ to transfer your Beneficiary Transfer to protocol generated vault address.
After transferring successfully, click ‘Borrow’ and start borrowing from the pool.
Input the borrow amount and confirm the transaction.
After borrowing, the Credit and Debt amount will change accordingly.
The Harvest Factor (Repayment Ration) can be changed according to your preference.
Click ‘Harvest’ to harvest for the node.
With ‘Repay’, you can repay the loans in advance.
After you repay all the loans, click ‘Return Beneficiary’ to claim your beneficiary address back.
You can also click ‘ReEstimate’ to re-evaluate the credit of your node to see if there's any extra Credit for the node.
A new offer will be listed on the page, click ‘Accept’ to continue borrowing the extra credit.
