2024-10-30
Glif, the largest decentralized finance
(DeFi) protocol on the Filecoin network, has announced a major airdrop of 100
million GLIF tokens.
Glif has introduced its native token,
GLIF, to enhance its governance and utility functions within its platform.
The Glif platform, known for its liquid
leasing services, allows Filecoin (FIL) holders to earn rewards by lending FIL
to Filecoin Storage Providers for mining purposes.
Since its inception, the protocol has seen over 140 million FIL in transaction volume over 18 months, with 19 million FIL currently held in liquidity provider (LP) deposits and 13 million FIL in active loans.
GLIF has a total supply of 1 billion
GLIF tokens, Glif announces the upcoming airdrop that will distribute 100 million tokens to
eligible users.
Recipients will be able to verify their eligibility and claim their tokens via the Glif website once the eligibility checker and airdrop claim tools are live.
The GLIF token will serve as both a
governance and utility token.
Holders will have the power to make key
decisions regarding the protocol through a decentralized autonomous
organization (DAO).
In addition, liquidity providers who
stake GLIF tokens will be eligible for boosted rewards.
Liquidity Providers that hold iFIL and
stake GLIF Tokens will earn boosted rewards from GLIF in the form of FIL
rewards and GLIF rewards. Storage Providers that borrow FIL from GLIF
and stake GLIF Tokens will be able to pay a portion of their fees in GLIF
Tokens.
The airdrop marks a major milestone in
Glif’s continued growth as the largest DeFi protocol on Filecoin.
