The company aims to help new miners lower their upfront cost by providing a FIL borrowing facility that requires collateral of as little as 10% of the total loan value. “By allowing for lower collateral, storage providers can allocate their funding to store [f]ilecoin+ deals, hardware and operations, rather than FIL or other forms of collateral, allowing them to scale their operations exponentially,” CoinList said in a statement.
CoinList Aims to Reduce Miners’ Capital Costs With Low Collateral Filecoin Loans
