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Solved problem

Although the distributed storage represented by Filecoin is one of the most important infrastructure of Web3.0, it is still in the early stage of development, and there are problems such as poor information communication, limited resource utilization and insufficient asset liquidity, which to a certain extent restrict the development of the whole ecology. MFIL DAO was born to solve these problems, so as to better promote the development of the whole industry and ecology.
We have identified four major issues within Filecoin as following:
SP:Lack of pledged currency and related services
As one of the core participants in the Filecoin network, Storage Providers (SPs) are constrained by the pre-pledged rules of FIL mining and must have both hardware and pledged coins ready, resulting in a high barrier to entry into Filecoin. Even if they have sufficient hardware resources and technical capabilities, SPs suffer from the lack of sufficient pledged coins to put their hardware resources into data storage. This problem is especially obvious in the case of high FIL prices. Although some SPs can cooperate with some of the large FIL investors or institutions, the number is limited, and there is a greater credit risk. This brings hidden dangers to the Filecoin ecology.
FIL Holders: lack of a stable value-added approach
Except for a very few investment institutions, exchanges, and large SPs, most FIL holders are smaller SPs and ordinary users. There are only two ways to add value to the FIL they hold before the emergence of MFIL: either to cooperate with SP for joint mining or to participate in the financial products launched by exchanges or wallets. However, on the one hand, SP joint mining often has high requirements, and the participation threshold is higher. On the other hand, wallet or exchange financial products often lend FIL to SP and earn a huge spread. This not only greatly compresses the revenue space for users but also introduces more risk.
Ecosystem: Lack of liquidity of assets
The pledge cycle of Filecoin node is typically 540 days, and the rewards are divided into 180 days of linear release. The lock-in period for a FIL mining node is about two years, during which a great deal of uncertainty arises. SPs cannot end sectors early to gain liquidity and may even forfeit assets due to improper node maintenance. This leads to the dilemma that old nodes cannot be liquidated, and new nodes do not have pledged coins to start. For FIL holders, there is a lack of suitable service providers to connect them to SPs who can cooperate with them. Thus, they can only passively hold the coins or realize the flow of assets through speculative coin trading.
Market:Lack of credible comprehensive service providers
Different from most blockchain projects, the operation of Filecoin's nodes requires a comprehensive technical ability combining software development, hardware operation and maintenance, and server room services, and the threshold is higher than other projects. This makes it difficult for other blockchain service providers to enter the FIL field and provide related services. At the same time, the large SPs with the most technical capabilities in the FIL field are in relative competition with each other, so it is difficult to collaborate and integrate resources with each other. Therefore, there are fewer teams in the industry with rich experience in FIL mining, DEFI, asset management, compliance, etc. to provide relevant infrastructure for the whole Filecoin ecosystem.