# Available HashMix functions

The first product is a lending platform for FIL

![](https://miro.medium.com/max/1400/1*uuw7rCCsU8h3jMtFMUinOQ.png)

> *Crypto lending refers to **a type of Decentralized Finance that allows investors to lend their cryptocurrencies to different borrowers**. This way, they will get interest payments in exchange, also called “crypto dividends”*

Filecoin’s hash power is unique in the crypto space. Unlike Bitcoin or Ethereum, it heavily relies on general computation, storage, and bandwidth. Its mining power is highly valued, easy to prove, and transferable. And most importantly, both miners and FIL holders lack a place to talk to each other.

Filecoin miners need more FIL to increase their mining power.

Current lending products in the DeFi area usually need borrowers to over-collateral one crypto asset to get another crypto asset. Although miners have hardware and mining power, they can’t get a loan from DeFi platform by that.

On the other hand, FIL holders need a low risk and stable channel to earn interest. Current DeFi protocols usually don’t have much liquidity for FIL, and the interest rate is much lower than the fair level.

[HashMix](https://andrey-u0712.medium.com/app.hashmix.org?invite_code=4285069152) Lending Platform takes Filecoin miner’s accounts as collateral, do a value of assessment to that according to their initial pledged FIL and possible future income. Then miners will receive a loan no more than the value of their miner account. That ensures a low risk of loans. The interest rate depends on the utilization rate of the total lending pool.

Usually, the lenders can receive a 20–45% APY (The Annual Percentage Yield is the real rate of return earned on money deposited for one year) according to current network stats.
