vFIL characteristics

• Min. staking = 0.5 FIL
• vFIL unstaking period: 0~520 days (flexible)
• Used bridges: Custom
• OpenGov: No
• Ledger support: No (Ledger does not support parachains yet - expected Q3 2024)
• Reward fee: 10% (apply to rewards only)
• Unstake fee: 0.1% (apply to unstake amount)

Youtube tutorial

https://youtu.be/xvb_LOTkrEU

Get FIL on Bifrost

Before minting and using vFIL you first need to hold FIL in the Bifrost network. Prepare FIL on your FVM/native wallet address:

• Purchase FIL on CEX or DEX
• Buy FIL with credit card with fiat on-ramp solutions (i.e Banxa)

1. Login to app.bifrost.io and confirm the network in the upper right corner is Polkadot

Polkadot network selected

1. Click "Cross chain" in the main navigation menu on the left to enter the cross chain function

Left menu

1. Click on the "From" option and select Filecoin. You will be asked to connect your FVM wallet and switch to Filecoin network.