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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
  • What can I do with GLIF as a Storage Provider?
  • How does borrowing with pledged collateral work?
  • What are the benefits of gaining cash advances on vesting block rewards?
  • How does GLIF ensure SPs retain ownership of their assets?
  • What is the interest rate for borrowing FIL from GLIF?
  • How can SPs withdraw funds from GLIF not used for sealing?
  1. TROUBLESHOOTING
  2. FAQ
  3. FAQ for Storage Providers

Borrow and Withdraw FIL

PreviousFAQ for Storage ProvidersNextKey Financial Ratio

Last updated 8 months ago

What can I do with GLIF as a Storage Provider?

GLIF enables Storage Providers (SPs) to borrow FIL from a large group of Liquidity Providers (LPs), without giving away any private keys or needing to go through a manual diligence process.

Borrowed funds can be used for sealing, or for out of the system entirely. In order to become eligible for borrowing, SPs must add collateral to GLIF. You can read more about the rules .

How does borrowing with pledged collateral work?

SPs can use pledge collateral already locked in their existing miners to borrow FIL, enabling them to scale operations without buying more FIL.

What are the benefits of gaining cash advances on vesting block rewards?

SPs can withdraw FIL from their miners immediately, rather than waiting for the rewards to fully vest.

How does GLIF ensure SPs retain ownership of their assets?

GLIF uses smart contracts that enable SPs to maintain ownership over their miner actors while borrowing FIL. Read for more details.

What is the interest rate for borrowing FIL from GLIF?

The current interest rate is 15% APR. However, as baseline rewards on Filecoin continue to drop, the rate may be lowered in the near future.

How can SPs withdraw funds from GLIF not used for sealing?

SPs can withdraw FIL as long as their DTL ratios stays below 75%. Read for more details.

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