Lending · Review
ActiveFilDA Review 2026: Multi-Chain Lending Risks
FilDA is a multi-chain lending protocol for supplying crypto assets and borrowing against collateral. Its main caveat is a reported 2023 exploit, alongside limited published detail about current fees and audits.
By the DappsAtlas editorial team · Updated
DappsAtlas score
4.5/10
Weak
Our verdict on FilDA
4.5/10FilDA may suit crypto users who want to supply assets or borrow against collateral across several supported networks. Its core offering is straightforward, and its multi-chain setup gives users access to lending markets on more than one network. The main caveat is the reported 2023 exploit, compounded by limited published detail about current fees and the audits listed for the protocol. Review each market’s rates, collateral terms, and network carefully before using it.
Score breakdown
How FilDA scores
- Security
- 3.0/10
- Ease of use
- 5.0/10
- Fees
- n/a
- Features
- 6.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is FilDA?
FilDA describes itself as a multi-asset lending and borrowing platform. Users can supply assets to lending markets or borrow supported assets against collateral, with availability depending on the network and market.
The project lists Arbitrum, BNB Chain, Polygon, IoTeX, BitTorrent, Kava, and HECO. FILDA is its named token. A 2023 exploit reportedly affected markets on Elastos Smart Chain and REI Network; the project later announced reopening those markets. Current rates and fee details are not published in the project description.
How FilDA works
FilDA is a lending protocol: suppliers deposit supported assets into markets, and borrowers take assets from those markets after providing collateral. Interest rates typically respond to supply and borrowing demand. FilDA does not publish current rates in its project description, so users need to review the terms for each market in the app.
Borrowing against crypto collateral carries liquidation risk. If collateral value falls too far relative to a loan, the protocol may liquidate some collateral to cover the debt. FilDA operates across multiple networks, so users also need to select the right chain and account for network transaction costs.
4 features
Key features
01
Lending markets
FilDA offers lending markets where users can supply supported crypto assets and borrow against collateral.
02
Multiple assets
The protocol is described as supporting multiple assets, though available markets can vary by network.
03
Multi-chain access
FilDA lists several networks, including Arbitrum, BNB Chain, Polygon, IoTeX, BitTorrent, Kava, and HECO.
04
FILDA token
FILDA is the project’s named token. Its specific role in the lending markets is not explained in the project description.
Pros and cons
What we like
- Supports lending and borrowing rather than offering only one side of a market.
- Lists multiple networks, giving users a choice of supported chains.
- The protocol’s basic purpose and FILDA token ticker are clearly identified.
Watch out for
- FilDA was reportedly exploited for around $700,000 in 2023 on Elastos Smart Chain and REI Network.
- The audit listings do not identify the auditors, covered contracts, or audit dates.
- Borrowing rates, supply rates, and protocol fees are not published.
- The listed supported networks include chains with different liquidity and risk profiles, which can make markets difficult to compare.
- FILDA token price volatility may affect users who hold or use the token.
FilDA fees
FilDA does not publish current protocol fees, supply rates, or borrowing rates in its project description. Lending rates can vary by asset and market, and blockchain transactions also incur network fees. Users should check the applicable market and transaction details in the app before confirming an action.
Is FilDA safe?
FilDA has three audits listed, but the auditors, audit dates, and contract coverage are not identified in the project description. An audit listing is not a guarantee against vulnerabilities.
A 2023 report said FilDA was exploited for around $700,000 on Elastos Smart Chain and REI Network. The project later announced reopening those markets. This history, along with smart-contract, collateral, liquidity, and cross-chain risks, warrants caution. The project’s licensing and regulatory status are not published.
6 steps
How to get started with FilDA
- 1
Check that using FilDA and crypto lending is permitted where you live.
- 2
Choose a network and confirm that FilDA currently offers the market you want to use.
- 3
Connect a compatible wallet set to that network.
- 4
Review supported assets, market rates, collateral requirements, and transaction details.
- 5
Supply an asset or deposit collateral before borrowing, and leave room for price changes that could bring your position closer to liquidation.
- 6
Monitor your supplied assets and any open borrow positions.
Who FilDA is for
FilDA is aimed at crypto users familiar with wallets, collateral, and liquidation risk who want to lend or borrow across supported networks. It is less suitable for newcomers who need clearly published rates, fee schedules, or detailed security documentation before committing funds.
FilDA FAQs
What is FilDA?
FilDA is a decentralized lending protocol for supplying assets and borrowing against collateral. The project describes its service as multi-asset and available across several networks.
How does lending and borrowing on FilDA work?
Users supply supported assets to a market, where they may earn interest. Borrowers deposit collateral and borrow another supported asset; they need to maintain sufficient collateral to avoid liquidation.
Which chains does FilDA support?
FilDA lists Arbitrum, BNB Chain, Polygon, IoTeX, BitTorrent, Kava, and HECO among its networks. Check the app before connecting, since supported markets and asset availability may change.
What fees does FilDA charge?
The project description does not publish current supply or borrowing rates, transaction costs, or protocol fees. Review the transaction and market details in the app before supplying or borrowing.
Has FilDA been hacked?
A 2023 report put losses from an exploit on Elastos Smart Chain and REI Network at around $700,000. FilDA later announced that it was reopening those markets, but this history remains relevant when assessing smart-contract risk.
What is the FILDA token?
FILDA is the token ticker named for the project. Public sources do not explain its current utility or token-related benefits.
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How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.