GLIF Docs
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  • šŸ‘‹Welcome to GLIF
    • Intro
    • History of GLIF and Filecoin DeFi
  • Storage Provider Economics
    • Use Cases
    • Storage Provider Equity
    • Storage Provider Liquidation Value
    • Storage Provider Earnings
    • Borrowing Limits
    • Guarantors
    • Withdraw funds
    • Rates & Payments
    • Quotas
    • Rule Enforcement
  • Agents
    • Agents
    • Owner and Operator Keys
    • Credentials
    • Add/Remove Miners
    • 3 Agent States
    • Helpful CLI commands
  • Token holder economics
    • How it works
    • Understand Collateral
    • Rewards & iFIL
    • Exits
    • Audits
    • Risks
  • More about the protocol
    • Agent Police
    • Agent Data Oracle
    • Decentralization
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  1. Storage Provider Economics

Storage Provider Earnings

SP Earnings are used to determine borrowing limits

PreviousStorage Provider Liquidation ValueNextBorrowing Limits

Last updated 1 year ago

GLIF tracks the amount of expected weekly earnings of each SP in the protocol. The weekly earnings formula encapsulates:

  1. The SP's expected weekly block rewards

  2. 7 days worth of SP vesting funds

The formula is:

DailyEarnings=ExpectedDailyRewards+(VestingBalance/180)Daily Earnings = Expected Daily Rewards + (VestingBalance/180)DailyEarnings=ExpectedDailyRewards+(VestingBalance/180)

WeeklyEarnings=DailyEarningsāˆ—7Weekly Earnings = DailyEarnings * 7WeeklyEarnings=DailyEarningsāˆ—7

The weekly earnings are used to ensure each Storage Provider can afford their weekly fees.