Benefits for token holders

Why ICNT token holders need to use GLIF to earn rewards

Maximize Yield With No Lockup

Staking directly into Impossible Cloud Network (ICN) requires the depositor to lock tokens for a period of time between 1 day and 4 years. The longer the depositor locks tokens for, the higher the returns.

However, staking returns on ICN are variable, not fixed. The greater the percentage of ICNT staked relative to the total supply ICNT, the lower the yield. This means that by staking directly into ICN, the depositor cannot exit their position for the period of time they lockup tokens for, and they do not know at the start how much they will earn over the entire lockup period.

GLIF changes this model:

• GLIF stakes ICNT tokens across several different duration lockups and multiple ICN nodes to diversify risk and maximize returns.

• GLIF issues stICNT tokens back to depositors, allowing them to get immediate liquidity on their tokens by swapping stICNT for ICNT on Uniswap. See Exit - Withdraw stICNT.

• As staking rewards accrue, the value of $stICNT increases, so 1 stICNT will be worth more ICNT over time. See Reward Mechanism - stICNT for more details.

• Behind the scenes, GLIF constantly restakes rewards back into the protocol, compounding yield, and ultimately out-earning ICN rewards generated from simple passive staking.

As a result, staking ICNT through GLIF gives the depositor better returns and greater liquidity on assets than native ICNT staking.

This is optimized ICNT staking.