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Gemini Launches Wrapped Filecoin (EFIL), ​Building a Bridge to DeFi

Amy Liu

Summary: Gemini today announced the launch of Wrapped Filecoin (EFIL). Users can now easily convert Filecoin (FIL) into EFIL and move it seamlessly onto the Ethereum network, providing more opportunities to create value across the burgeoning DeFi ecosystem. All Gemini users who hold FIL can convert their assets 1:1 into EFIL through the Gemini Mobile App ...

Gemini today announced the launch of Wrapped Filecoin (EFIL). Users can now easily convert Filecoin (FIL) into EFIL and move it seamlessly onto the Ethereum network, providing more opportunities to create value across the burgeoning DeFi ecosystem.

All Gemini users who hold FIL can convert their assets 1:1 into EFIL through the Gemini Mobile App and Website using the wrap button on the FIL price page. Once you hold EFIL in your Gemini wallet, you can withdraw it to any Ethereum address you specify. You’ll be able to use EFIL across various Ethereum-based protocols, including DeFi platforms.

By Amy Liu

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