I. Introduction

As an innovative project in the Filecoin ecosystem, FilFi plays an important role in promoting the financial innovation and development of the Filecoin network. This report will summarize the community progress and important events of FilFi in the past month, and share the feedback and participation of the community and the possible future development direction. Through this monthly report, we hope that community members can better understand the latest trends and development direction of FilFi.

II. The progress of product development team

In November, FilFi’s product development team made remarkable progress. First of all, according to the feedback from the community, the team carried out functional optimization and upgrade, mainly including system gas optimization, sponsor’s choice of whether to appear in the public list, and front-end display optimization. These improvements are aimed at reducing the gas consumed by system operation, improving the privacy protection of sponsors and improving the user experience.Secondly, the product operation team has achieved positive results in node management and reward. At present, 30 nodes have entered the stable production and operation period, and the cumulative reward has exceeded 194,291 FIL. In addition, there is another node in the pledge period, and one node is in the packaging period. A total of 31 nodes have achieved 100% intelligent contract co-construction, and a total of 1,963,331 people participated in the pledge, accounting for 10.63% of the Filecoin network. At the same time, TVL (total locked value) reached 8.54 million US dollars, achieving a monthly growth of 22.26%.

III. Activities of Community Publicity Groups

In November, the community publicity group also actively carried out a number of activities to expand the community influence of FilFi. Among them, five online community exchange meetings were held to introduce the latest developments of ecological development to the community. The theme of the exchange meeting covered the FILFI asset security plan in extreme cases, the FILFI joint node action, and FILFI and FILFI’s interpretation of the forces behind the price jungle. These exchanges provided an interactive platform for community members and deepened their understanding and recognition of the FilFi project.In addition, the community propaganda group also added two city ambassadors: Beihai and Yichun. At present, 10 cities have participated in community construction in FilFi. City ambassadors hold meetings every Friday to discuss the progress of weekly exchanges between cities, so as to promote cooperation and share experiences among cities. In addition, the publicity group also participated in the formal meeting of DEFI group, released the official ecological progress to the community in a timely manner, and strengthened cooperation and exchanges with other project parties.

IV. Contribution of Community Governance Group

The community governance group also made important progress in November. First of all, the FILFI SP Global Alliance has added Frogbt Technology LTD and overseas SP service provider FIL Vanguard Innovations. At present, ten leading global technical service providers have joined the alliance, which helps to expand the global influence and partner network of FilFi.Secondly, the community will reward the node propaganda from May 31, 2023 to November, 2023, and reward the community ambassadors who have made corresponding positive contributions. This incentive mechanism aims to encourage more community members to participate in the construction and development of FilFi and jointly promote the development of the project.

V. Future development direction

According to the feedback and participation of the community, FilFi will continue to work hard to promote product innovation and community development. The product development team will concentrate on launching a fixed investment version of liquidity to meet the needs of users for liquidity management. At the same time, other development resources will continue to advance according to the previous development route, and constantly improve the performance and user experience of the system.The community advocacy group will further expand the network of city ambassadors and strengthen cooperation and exchanges with cities around the world. In addition, the publicity group will continue to hold online community exchange meetings and other activities to enhance community members’ awareness and participation in FilFi.

VI. Conclusion

On the whole, FilFi has made remarkable progress and important achievements in the past month. By continuously optimizing products and expanding community influence, FilFi is committed to promoting financial innovation and development of Filecoin ecosystem. We thank all community members for their support and participation, and look forward to working with you to promote the development of FilFi in the future.