GLIF Docs
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  • Introduction
    • Quick Guide
    • GLIF Overview
    • Protocol Users
  • For Liquidity Providers
    • Benefits for token holders
    • GLIF Reward Mechanism - iFIL
    • Exit - Withdraw FIL
    • Asset Security
    • Risks
  • For Storage Providers
    • Benefits for Storage Providers
    • SP Liquidation Values
    • Borrowing Limits & DTL
    • Uses of Borrowed FIL
    • Liquidations
    • Borrowing Cost
    • Manage Miner Actors with Agents
    • Guarantor Model
  • Developer Resources
    • GLIF SDK
    • GLIF CLI
    • Deployed Contracts
  • TROUBLESHOOTING
    • FAQ
      • FAQ for Liquidity Providers
        • About GLIF
        • Deposit FIL
        • Withdraw FIL
        • Risk
        • Wallet Connection
        • GLIF Points
        • Miscellaneous
      • FAQ for Storage Providers
        • Borrow and Withdraw FIL
        • Key Financial Ratio
        • Payment
        • Liquidation
        • Agents
        • Transaction Issue
    • TUTORIALS
      • For Token Holders
        • Wallets
          • How to find your corresponding 0x/f410 wallet address
          • How to obtain a Ledger wallet as the intermediary wallet
          • How to obtain a burner wallet as the intermediary wallet
          • How to obtain a FilSnap wallet as the intermediary wallet
          • How to connect your wallet to Filecoin Mainnet
          • How to transfer FIL from a 0x address to an f1 address
          • How to create a multisig wallet on GLIF
        • Using the Pool
          • Deposit FIL into GLIF to earn rewards
          • How to deposit Filecoin from a hardware wallet with GLIF
          • How to deposit FIL to GLIF using multisig wallet
          • Withdraw FIL from GLIF
          • How to withdraw FIL from GLIF using a multisig wallet
        • Transfer FIL to/from exchanges
          • Transfer FIL between exchange and GLIF
          • Binance
            • Transfer FIL from Binance to GLIF
            • Transfer FIL from GLIF to Binance
          • MEXC
            • Transfer FIL from MEXC to GLIF
            • Transfer FIL from GLIF to MEXC
      • For Storage Providers
        • GLIF Agent Website Tutorial Part I— Preparation Setup
        • GLIF Agent Website Tutorial Part II — Create your Agent
        • GLIF Agent Website Tutorial Part III — Add Your Miner
        • How to withdraw FIL from the agent to an exchange at GLIF
      • How to Claim $GLF Airdrop
    • Glossary
    • Contact Us
  • Governance
    • Governance
    • Delegation
    • Proposals (GIPs)
    • Voting Process
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On this page
  • Rates
  • Payments from SP get applied to interest first, then principal
  • Fee payments accrue over time
  • Earning GLIF points through payment
  1. For Storage Providers

Borrowing Cost

PreviousLiquidationsNextManage Miner Actors with Agents

Last updated 10 months ago

Rates

GLIF charges 15% APR to Storage Providers (SPs) for borrowing.

The APR has been fixed at 15% for the last 12 months. However, Filecoin's Baseline Reward mechanism has been dropping as power is coming off of the Filecoin network. The GLIF team is currently examining a rate change in accordance with the Filecoin network's decrease in rewards.

Payments from SP get applied to interest first, then principal

When an Agent makes a payment back to the pool, the proceeds of the payment are applied to the interest balance first, and then the principal balance second. Once interest is fully paid off, any additional payments are applied to the SP’s principal balance.

Fee payments accrue over time

Interest is not required to be paid within a specific timeframe; it accumulates over time. This flexibility allows SP to manage their financial resources more effectively by enabling them to pay fees whenever is most convenient.

Earning GLIF points through payment

SP are rewarded with GLIF points each time they make a payment. This incentive is designed to encourage regular and timely payments. Please refer to this for details.

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