Filet Review 2026: Filecoin Staking Backed by Mining Power

Filet is a Filecoin staking protocol. It describes itself as a mining power tokenization protocol: it takes Filecoin mining power, turns it into tokens and offers it to FIL holders as a staking product with rewards paid in FIL.

Its code repository says it is deployed on Filecoin, BSC, HECO and Mixin. The app presents a simple staking screen with an estimated APY, a staking period and a separate section for storage providers and assets. A version 2.0 has been described as built around the Filecoin Virtual Machine.

The project's own wording promises high rewards with little risk. Reported yields differ by source and date, and the project does not publish audits, a team or a fee schedule in the material reviewed, so users should treat the figures as estimates.

Filecoin miners earn FIL for providing storage, and their share of the network is called mining power. Filet says it tokenizes that mining power and connects it to DeFi, so FIL holders can take part without running mining hardware.

Users stake FIL in the protocol and earn FIL back over a fixed staking period. The site shows an estimated APY of about 7% and a 180-day period. The returns are linked to the block rewards produced by mining pools that work with the protocol. Filet's marketing says it is backed by large North American mining pools, with a data center in Silicon Valley and 99.99% uptime.

The protocol was first deployed on BSC, HECO and Mixin and can also be used directly on Filecoin. Later versions were described as working with the Filecoin Virtual Machine (FVM), which allows smart contracts on Filecoin itself.

Filet does not publish a fee schedule in the material reviewed. It is unclear whether the protocol takes a share of mining rewards, and the quoted APY may be shown before or after any deductions.

Before staking, check the stake, SPs and assets sections of the app for commissions, and expect normal network gas costs on the chain you use.

No audit reports, custody details, team names or legal entity are published in the material reviewed. Staking carries smart contract risk, risk that mining operations underperform, and FIL price risk. Claims of no risk or risk-free returns are marketing language and are not backed by published evidence.

The project has run on several networks, including some older ones, and users should confirm which deployment is live before sending funds. Use a small amount first, check that you are on the official site, and consider the legal and tax rules where you live.

Filet is for existing FIL holders who want a passive, FIL-denominated yield and are comfortable with a 180-day lock-up and unaudited-as-far-as-published smart contract risk. It is less suited to people who need quick withdrawals or want verified audits and a named team before depositing.