Benefits for Liquidity Providers
Benefits at a Glance for Liquidity Providers
GLIF+ Liquidity Providers (LPs) Card creates a protocol-driven buyback program. Through this program, the protocol buys $GLF directly from iFIL holders at a premium to the market price, instead of purchasing from public markets.
FIL Capsules provide GLIF+ LP Card holders several benefits:
At any time, regardless of the current market price of $GLF, you can trade your $GLF tokens back to the protocol for FIL at a predetermined, fixed rate. This means that even if the market price of $GLF decreases, you can still redeem your $GLF to the protocol at a previously secured, more favorable price.
$iFIL holders who wish to maximize their FIL rewards from depositing FIL in GLIF can use the GLIF+ LP Card and FIL Capsules to earn a continuous, additional stream of rewards funded by the GLIF protocol treasury.
The more $GLF you stake on your Card, the more favorable your rate becomes. You directly control the better-than-market premium through your $GLF staking amount.
Last updated