Tiers and Limits

Your GLIF+ Tier is determined by the amount of $GLF you stake, which sets your cash back rewards and DTL limits—the higher your status, the bigger the benefits.

Tier

Mint Cost ($GLF)

Stake Requirement ($GLF)

Cash Back Premium

DTL Limit (Leverage)

Bronze

5000

50000

5%

80% (5x)

Silver

5000

250000

10%

85.7% (7x)

Gold

5000

750000

25%

90% (10x)

*DTL = debt-to-liquidation value. Higher DTL corresponds to higher effective leverage. Learn more about DTL here.

Card costs

There are 3 "Costs" associated with the GLIF+ Card:

  1. Mint cost - a one-time, non-refundable fee paid for creating a Card. It is not included in activation fees.

  2. Activation fee (staking requirement) - a $GLF Token lockup that is repaid to the Card owner after downgrading or deactivating the Card. The $GLF used to obtain membership is refundable and separate from the $GLF used for cash back redemption.

  3. Cash back program vault - a $GLF Token lockup that is repaid to the Card owner whenever the Card owner wants to remove $GLF Tokens from the cash back program. This can be withdrawn at anytime without penalty.

$GLF used for interest cash back becomes non-refundable after a swap, and there is no minimum amount required to perform the swap.

Tier Management

Card holders can upgrade/downgrade their Cards according to the following policies:

Upgrades

A Card holder can upgrade their Card to a higher tier for free at anytime, by providing the higher tier's $GLF Token lockup requirement. Any Card must be activated before it can be upgraded.

Downgrades

A Card holder can downgrade their Card to a lower tier, according to the following policies:

  • If the Card was last activated / upgraded / downgraded longer than 3 months ago:

    • The Card can be downgraded for free. All $GLF Tokens staked to the Card for activation will be transferred back to the Card owner

  • If the Card was last activated / upgraded / downgraded less than 3 months ago:

    • The Card can be downgraded with an 8.5% penalty on the staked $GLF Tokens for the Card activation. The Card holder will receive 91.5% of the staked $GLF Token amount

$GLF Tokens that are locked for Card activations are locked for 3 months by default.

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