Glif, a Filecoin liquid leasing platform and the largest protocol in the Filecoin ecosystem, has launched its points program ahead of the token launch.
As a liquid leasing protocol, Glif allows Filecoin token holders to deposit FIL to a liquidity pool and, in return, receive iFIL, Glif's native liquid leasing token. SPs rent deposited FIL and pay rental fees back to LPs and to the protocol. LPs earn their proportionate rental fees after depositing FIL.
The start date for historical points distribution is Mar. 30, 2023, when the protocol launched. The start date for future points is Mar. 28 and runs until Sept. 26, and the points distribution frequency is once every two weeks.Glif plans to convert its points to its upcoming native token in a 1:1 ratio, a source with direct knowledge of the matter told The Block. The source said the token launch is expected sometime this summer.
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