Ask about GLIF

Logo of GLIFGLIF(GLF)

Total Value Locked$24.98m

TVL by Chain

Filecoin$24.71m

Base$269,423.15

Key Metrics

Fees 30d$53,457
Fees 30d by chain

Filecoin$46,619

Base$6,838.38

Fees 7d$17,089

Filecoin$14,662

Base$2,427

Fees 24h$2,986

Filecoin$2,588

Base$398

Cumulative Fees$286,827

Filecoin$229,180

Base$57,647.38

Revenue 30d$5,343
Revenue 30d by chain

Filecoin$4,659

Base$683.98

Revenue 7d$1,708

Filecoin$1,466

Base$242.34

Revenue 24h$299

Filecoin$259

Base$40

Cumulative Revenue$28,674

Filecoin$22,907

Base$5,767.81

Holders Revenue 30d$0
Holders Revenue 30d by chain

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.

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 Supply APY42.78%

Competitors

Frequently Asked Questions

What is GLIF's TVL?

GLIF currently has $24.98m in total value locked. TVL has increased 15.9% over the past 30 days.

What chains does GLIF operate on?

GLIF operates on 2 chains: Filecoin and Base. Filecoin holds the largest share at 98.9%.

How much has GLIF generated in fees and revenue?

Over the past 30 days, GLIF generated $53,457 in fees. Of that, $5,343 was protocol revenue. Based on the trailing year, the annualized rate is $1.18m in fees and $117,691.76 in revenue.

How does GLIF's TVL compare to similar protocols?

Among Liquid Staking protocols tracked by DefiLlama, GLIF ranks #53 by TVL. The category holds $54.923b across 274 protocols, and GLIF accounts for <0.1% of that total. Other leading protocols include ether.fi Stake, Origin Ether, STFIL, iAero Protocol, Filet Finance, MineFi, DIEM Relay, SFT Protocol, HashKing, and FILLiquid.

How many yield pools does GLIF have?

DefiLlama tracks 2 GLIF yield pools with an average APY of 42.8%.