<\/span><\/h2>\n1. Glif’s Liquid Staker Platform:<\/strong><\/p>\n\n- Glif raised $4.5 million<\/strong> in seed funding from Multicoin Capital and other VCs.<\/li>\n
- The funding will support the development of tools for earning yield on FIL,\u00a0Filecoin’s “gas” token used to pay for storing and retrieving data on the network.<\/li>\n
- Glif’s liquid staking token,\u00a0iFIL,\u00a0allows users to stake their FIL tokens and earn rewards.<\/li>\n
- Glif aims to become the largest DeFi protocol on Filecoin by the time of the network’s major tech upgrade,\u00a0nearly a year from now.<\/li>\n
- Glif is also planning a points program that will reward users based on the value of their iFIL tokens.<\/li>\n<\/ul>\n
2. How Glif Works:<\/strong><\/p>\n\n- Glif offers “liquid leasing,” which is roughly equivalent to “liquid staking” on Ethereum.<\/li>\n
- Both processes leverage computer networks to provide returns for token holders.<\/li>\n
- While Filecoin does not have a proof-of-stake consensus mechanism,\u00a0storage providers earn block rewards based on how much FIL they collateralize.<\/li>\n
- Glif aims to bridge the gap between FIL holders and storage providers,\u00a0connecting those who want to earn yield with those who provide it.<\/li>\n
- Currently,\u00a0holders receive a derivative token called iFIL,\u00a0which represents a receipt for their staked funds,\u00a0and the value of their iFIL increases as interest payments accrue.<\/li>\n<\/ul>\n
<\/span>3. Glif’s Goals:<\/span><\/span><\/h3>\n\n- Glif’s target is to reach 100 million FIL delivered to storage providers within a few years.<\/li>\n
- Currently,\u00a0there are 10 million tokens locked up from 1600 depositors.<\/li>\n
- Part of the success of the growth strategy may depend on the protocol’s points program,\u00a0which is expected to launch later this quarter.<\/li>\n
- Glif will reward users with points,\u00a0allowing them to earn more iFIL based on how much value their participation in yield generation brings to the ecosystem.<\/li>\n<\/ul>\n
4. The Future of Filecoin:<\/strong><\/p>\n\n- According to a blog post shared with CoinDesk,\u00a0more iFIL will be equivalent to more points.<\/li>\n
- The blog post states:\u00a0“The GLIF Protocol is designed to be decentralized,\u00a0allowing its stakeholders to govern and manage it.”<\/li>\n
- A source stated that the “temporary plan” will initially determine how many tokens are airdropped to users based on points.<\/li>\n<\/ul>\n
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