Ask about GLIF

Logo of GLIFGLIF(GLF)

Total Value Locked$28.92m

TVL by Chain

Filecoin$28.59m

Base$325,809

Key Metrics

Fees 30d$62,584
Fees 30d by chain

Filecoin$54,048

Base$8,536

Fees 7d$13,970

Filecoin$12,316

Base$1,654

Fees 24h$3,365

Filecoin$2,976

Base$389

Cumulative Fees$324,778

Filecoin$262,468

Base$62,310

Revenue 30d$6,243
Revenue 30d by chain

Filecoin$5,392

Base$851.46

Revenue 7d$1,388

Filecoin$1,223

Base$165

Revenue 24h$335

Filecoin$297

Base$38

Cumulative Revenue$32,453

Filecoin$26,222

Base$6,232

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 APY42.67%

Competitors

Frequently Asked Questions

What is GLIF's TVL?

GLIF currently has $28.92m in total value locked. TVL has increased 22.2% 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 $62,584 in fees. Of that, $6,243 was protocol revenue. Based on the trailing year, the annualized rate is $1.19m in fees and $118,415 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 $56.845b across 267 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, SFT Protocol, DIEM Relay, HashKing, and FILLiquid.

How many yield pools does GLIF have?

DefiLlama tracks 2 GLIF yield pools with an average APY of 42.7%.