How to Join the GLIF+ LP Program
Joining GLIF+ as a Liquidity Provider In 3 Easy Steps
Follow the steps below to start receiving FIL rewards through your GLIF+ LP Card.
1. Mint a Card
Liquidity Providers can mint a GLIF+ LP Card directly on the GLIF website here. A step-by-step tutorial will be available here (coming soon).
Mint cost: 2,000 $GLF
Once minted, the Card becomes soulbound to your wallet and is non-transferable.
2. Activate Your Card
Staking Requirement
To activate a GLIF+ LP Card and receive Capsules, the following staking conditions must be met:
A minimum of 1 iFIL staked.
A minimum of 1 $GLF per iFIL staked.
There are no penalties or fees for adding additional tokens at any time.
How iFIL and $GLF Affect Rewards
The amount and value of FIL inside each Capsule are determined by two factors:
1. More iFIL Staked → More FIL appears in each Capsule
This FIL is distributed pro rata based on iFIL staked across all active LP Cards. More iFIL staked results in a larger share of the FIL allocated during the two-week period.
2. More $GLF Staked → Lower cost to unlock FIL Capsules
The amount of $GLF tokens determines the amount of $GLF required to unlock the FIL in your Capsule, which also means the premium over market price when redeeming for FIL
3. Receive FIL Capsules
Once your Card is active, FIL Capsules will be issued to your wallet automatically. FIL inside each Capsule can be unlocked using $GLF tokens from your staked balance. As long as your Card remains active, Capsules will continue to be issued on schedule. Read more about how FIL Capsules work here.
Frequency: Every 2 weeks
Validity Duration: Each Capsule is valid for 30 days
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