Ask about GLIF
Logo of GLIFGLIF(GLF)
Total Value Locked$24.37m

TVL by Chain

Filecoin$23.89m

Base$481,134

Key Metrics

Fees (Annualized)$1.49m
Fees 30d$118,308

Filecoin$93,849

Base$24,459

Fees 7d$23,586

Filecoin$19,237

Base$4,349

Fees 24h$3,793

Filecoin$3,091

Base$702

Cumulative Fees$151,522

Filecoin$119,663

Base$31,859

Revenue (Annualized)$149,492
Revenue 30d$11,827

Filecoin$9,383

Base$2,444

Revenue 7d$2,360

Filecoin$1,925

Base$435

Revenue 24h$381

Filecoin$311

Base$70

Cumulative Revenue$15,154

Filecoin$11,969

Base$3,185

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.

Category:Liquid 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 APY44.08%

Competitors

Origin Ether ($30.91m)STFIL ($4.15m)iAero Protocol ($2.29m)Filet Finance ($1.08m)MineFi ($1.06m)SFT Protocol ($443,993)HashKing ($330,949)FILLiquid ($205,732)HashMix FIL ($164,351)BakerFi ($54,381)