7up.finance is a DeFi Filecoin (FIL) lending and investment platform based on Binance Smart Chain.
Through matching the FIL holders and FIL seekers, 7up is designed for the FIL borrowing market. Meanwhile, on the 7up platform, lending itself is a way of mining. Once a loan contract takes effect, the borrower and lender will both receive rewards in 7UP, the native token of the platform.
After the recent launch of the Filecoin mainnet, a huge gap has grown between the large demand for FIL tokens by miners on the Filecoin mainnet and the small circulation volume of the token in the secondary market, a situation caused by Filecoin’s pre-stake mechanism.
Filecoin’s economic design requires miners to pledge FIL tokens as initial collateral in order to seal data into valid network sectors so that they can increase their effective storage mining power.
In order to have in-depth and immediate participation in the network activities, miners have to obtain FIL tokens in the secondary market. Therefore, a large demand for FIL tokens has emerged on the market.

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