Ask about GLIF
Logo of GLIFGLIF(GLF)
Total Value Locked$23.71m

TVL by Chain

Filecoin$23.15m

Base$559,451

Key Metrics

Fees (Annualized)$1.52m
Fees 30d$99,692

Filecoin$78,015

Base$21,677

Fees 7d$28,895

Filecoin$22,488

Base$6,407

Fees 24h$4,093

Filecoin$3,159

Base$934

Cumulative Fees$103,785

Filecoin$81,174

Base$22,611

Revenue (Annualized)$151,688
Revenue 30d$9,974

Filecoin$7,807

Base$2,167

Revenue 7d$2,883

Filecoin$2,243

Base$640

Revenue 24h$408

Filecoin$315

Base$93

Cumulative Revenue$10,382

Filecoin$8,122

Base$2,260

Holders Revenue (30d Run Rate)$0
Holders Revenue 30d$0

Base$0

Filecoin$0

Holders Revenue 7d$0

Base$0

Filecoin$0

Holders Revenue 24h$0

Base$0

Filecoin$0

Cumulative Holders Revenue$0

Base$0

Filecoin$0

Total Raised$4.5m

Feb 6, 2024$4.5mRound: SeedInvestors: Multicoin Capital, Zee Prime Capital, FinTech Collective, Big Brain Holdings, Protocol Labs

Protocol Information

GLIF is DePIN’s on-chain credit layer - liquidity providers earn rewards and hardware providers scale operations.

CategoryLiquid Staking
WebsiteGitHubTwitter

Methodology

TVL: This TVL calculation combines GLIF's two pools: (1) Filecoin pool (on Filecoin network) and (2) Impossible Cloud Network pool (on Base network). For the Filecoin pool, tvl tracks the total amount of FIL deposited into the protocol, and the total amount of locked FIL collateral by borrowers, to arrive at TVL. For the Impossible Cloud Network pool, tvl tracks the total ICNT assets locked in the pool.View code on GitHubFees: Interest and delegation rewards paid into the GLIF lending pools by Filecoin Storage Providers (FIL borrow APR) and Impossible Cloud Network node operators (ICN delegation rewards). Computed each day as LP yield from share-rate appreciation of iFIL / stICNT, grossed up by the 10% protocol treasury fee.View code on GitHubRevenue: 10% protocol fee on both pools. Filecoin: per docs.glif.io/en/for-liquidity-providers/glif-reward-mechanism-ifil iFIL holders earn 90% of SP borrow interest and the protocol treasury takes the remaining 10%, observable on events.glif.link/pool/0/fees. Base: on-chain PoolV2.treasuryFee() returns 0.1e18 = 10%, applied to each ICN node reward claim before LP rewards are restaked.View code on GitHubHolders Revenue: View code on GitHub

Yields

Pools Tracked2

Average APY44.07%

Competitors

Origin Ether ($28.24m)STFIL ($4m)iAero Protocol ($2.21m)Filet Finance ($1.04m)MineFi ($1.02m)SFT Protocol ($438,905)HashKing ($320,900)FILLiquid ($198,241)HashMix FIL ($164,351)BakerFi ($48,323)