Protocol Users

GLIF bridges the gap between FIL holders and Storage Providers

FIL Liquidity Providers

Liquidity Providers (LPs) are FIL token holders who deposit FIL into GLIF to earn rewards. LPs receive iFIL tokens when they deposit FIL and hold iFIL tokens to earn rewards. Rewards for LPs come from the fees paid by Storage Providers who borrow FIL from GLIF. The value of iFIL increases over time as GLIF accrues more fees from Storage Providers.

Learn more about becoming a GLIF Liquidity Provider in the next section, or see our Liquidity Provider FAQs.

Become a GLIF LP immediately by depositing FIL into GLIF on our website.

Storage Providers

Storage Providers (SPs) are individuals or organizations operating one or more Filecoin Miner Actors (“Miner”). SPs offer decentralized data storage services and use GLIF to borrow FIL for storage mining, which helps them grow and simultaneously helps secure the overall Filecoin network.

As an SP, you can borrow FIL from a large group of LPs without handing over private keys, signing legal documents, or undergoing KYC. Borrowed FIL can be utilized for storage mining or withdrawn out of the system for trading or selling on an exchange. SP can borrow up to 3x leverage on their collateral. You can read more about working with GLIF as a Storage Provider here, or see our Storage Provider FAQs.

To get started borrowing FIL from GLIF immediately, create an Agent on our website.