Filecoin’s Liquid Staker Glif Raises $4.5M, Hints at Token Airdrop

What Glif has done, according to Schwartz, is create a bridge between regular FIL holders who want yield and the storage providers who generate it. The holders loan their FIL into a pool that the providers borrow from, boosting their collateral and yield. Storage providers pay interest to the pool once a week.

Original Source: https://www.coindesk.com/business/2024/02/06/filecoins-liquid-staker-glif-raises-45m-hints-at-token-airdrop/?utm_medium=referral&utm_source=rss&utm_campaign=headlines