FVM drives a new narrative for Filecoin, how can users capture early benefits?

Author: HashKing

On June 18, the Uniswap community's proposal for "Deploying Uniswap V3 on the Filecoin Virtual Machine" officially concluded its heated check vote, passing with almost unanimous support. This means that once deployed successfully, Uniswap will not only bring more liquidity and user base to the Filecoin ecosystem but will also indirectly promote the integration of other DeFi projects with the Filecoin ecosystem.

It is evident that the FVM, as a powerful tool, has unlocked tremendous opportunities for innovation, growth, and development, allowing the Filecoin community to envision a larger narrative landscape—a Layer 1 driven by both "smart contracts + storage," whose unique competitive edge will provide projects with limitless imaginative space.

Therefore, for investors, this is undoubtedly an excellent opportunity to join the FVM development process. In the following text, we will explore the impact of FVM on Filecoin and also uncover quality participation opportunities to seize the early development dividends of FVM.

1. The New Narrative and Landscape of Filecoin

Before the FVM, Filecoin had already secured its leading position in storage, but its functionality was limited, and the ecosystem was not rich enough, leaving vast amounts of stored data unutilized. The emergence of FVM has given the Filecoin network a combinability akin to Lego blocks, unlocking data processing, computation, and other capabilities that Layer 1 can offer.

The market has proven to be full of expectations for FVM. Since its launch, over 150 teams and developers have begun building applications using FVM, executing more than 170,000 transactions, with active users increasing by 184%.

Unlike the "imitators" of Ethereum, Filecoin demonstrates hard power in its differentiated competition with many Layer 1s: among programmable public chains, none possess storage capabilities as powerful as Filecoin, and few storage projects can match Filecoin's computational strength.

The Filecoin that joins FVM is a more advanced version of Filecoin—a one-stop solution for "computation + storage," further realizing the ambition of being a top-tier infrastructure in the data economy wave.

2. Opportunities for Users to Capture Early Dividends

To cut to the chase, DeFi is currently the most likely segment for Filecoin to explode.

Observing other L1s, DeFi is always the first to enter and the easiest to blossom. From the perspective of token economics, DeFi is the largest application and also serves as a regulatory mechanism to prevent project tokens from entering a death spiral.

Further, for investors, how can we participate smoothly and with low risk, while obtaining high returns?

Staking is the optimal solution to this question.

Similar to LSD (Liquid Staking Derivatives) projects like Lido and Rocket Pool on Ethereum, it allows holders to join the network and earn returns without needing technical knowledge or hardware; this model is also applicable to Filecoin. Recently, as Filecoin's popularity has surged, data such as network storage nodes and storage capacity have risen, naturally giving rise to more staking demand.

In fact, there are already several applications implementing this. The decentralized staking protocol HashKing is one such example, providing users with transparent, trustworthy, and secure staking services, dedicated to helping users manage digital assets and achieve appreciation, making it a promising FIL staking ecosystem project.

HashKing's operational mechanism is similar to mature staking products on ETH: after users deposit FIL into the staking pool, they can participate in staking Filecoin mainnet nodes and earn corresponding returns. After staking FIL, users will receive nFIL, which can be exchanged for FIL at any time in HashKing's SWAP market, or they can add liquidity to the pool and deposit liquidity LP into the Farm pool for high returns.

（Basic operational mechanism of HashKing）

HashKing has established a profit-sharing system between nodes and FIL holders: on one hand, through this platform, token holders alleviate the financial pressure on nodes; on the other hand, nodes share their benefits with users, allowing users to capture returns beyond FIL appreciation.

It can be said that participating in FIL staking is a very prudent choice in the current highly unstable market environment. So, since many projects can participate in FIL staking, why should everyone choose HashKing?

3. Counting the Competitive Advantages of HashKing

I believe that HashKing's competitive advantages mainly manifest in four aspects:

First, sufficient security.

HashKing's staking model is not a lending model; its funds go to mining nodes. This is crucial because the former means that returns and risks are intertwined, potentially facing bad debts and liquidation risks. In contrast, the latter has a clear fund flow and transparent on-chain data, directly avoiding these risks. Mining nodes have stable and reliable income sources, which is a significant guarantee for staking participants.

Second, flexible storage, deposit and withdraw at will.

HashKing does not set minimum or maximum participation amounts; regardless of your capital size, you can participate and earn returns. Additionally, there are no entry or exit fees, and no minimum withdrawal amount; throughout the staking process, you only need to incur some gas fees.

More importantly, HashKing also has no staking period restrictions. You can withdraw staked assets at any time as needed, smoothly entering and exiting the staking system.

Third, attractive returns with diverse sources.

According to the official website, the current 7-day APR for participating in FIL staking reaches 18%, which is highly competitive. It is worth noting that centralized exchanges generally offer lower FIL staking returns, typically between 3% and 4%, and due to their centralized nature, they face significant regulatory risks, while participating in the decentralized staking of HashKing completely eliminates these concerns.

At the same time, HashKing's staking service has good combinability; you can participate in staking, add liquidity pools, and engage in liquidity farming to enhance capital efficiency and achieve higher profits.

Fourth, simple operation, one-click participation.

Many DeFi products are designed complexly, requiring users to spend some time to understand the operations. HashKing improves the interactive experience from the user's perspective, eliminating all complicated steps, allowing users to operate with one click without needing to study the code, saving time and effort. Even if you have never used any staking products before, you can have a good experience here.

Therefore, from the perspectives of service capability, security, and returns, HashKing is a good and worthwhile option to participate in.

Conclusion

It has only been three months since the launch of FVM, and it is still in the early stages of ecological development; it is too early to talk about success. HashKing is one of the few early builders willing to support the development of FVM.

The market share for FIL staking remains to be explored. It is evident that to capture user mindshare, HashKing has shown great sincerity: low thresholds, flexible participation, attractive return opportunities, and maximum security measures will all lay the groundwork for HashKing to become the "first stop for participating in FIL staking."

The launch of FVM has unlocked a broader market and brought greater confidence to investors. With the ongoing global digitalization wave and the continuous development of AI, the demand for distributed storage is also increasing. These internal and external changes will qualitatively enhance Filecoin's application value and market appeal. For ordinary market investors, it is simply a matter of seizing opportunities, positioning themselves now, waiting for the winds to come, and witnessing the shining moment of Filecoin.