Ask about GLIF
Logo of GLIFGLIF(GLF)
Total Value Locked$25.14m

TVL by Chain

Filecoin$24.44m

Base$700,240

Key Metrics

Fees (Annualized)$1.52m
Fees 30d$83,362

Filecoin$65,689

Base$17,673

Fees 7d$29,248

Filecoin$23,368

Base$5,880

Fees 24h$4,390

Filecoin$3,448

Base$942

Cumulative Fees$87,752

Filecoin$69,137

Base$18,615

Revenue (Annualized)$152,351
Revenue 30d$8,348

Filecoin$6,581

Base$1,767

Revenue 7d$2,924

Filecoin$2,337

Base$587

Revenue 24h$439

Filecoin$345

Base$94

Cumulative Revenue$8,787

Filecoin$6,926

Base$1,861

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 APY44.05%

Competitors

Origin Ether ($29.52m)STFIL ($4.18m)iAero Protocol ($2.26m)Filet Finance ($1.09m)MineFi ($1.07m)SFT Protocol ($457,910)HashKing ($333,639)FILLiquid ($207,210)HashMix FIL ($164,351)BakerFi ($48,667)