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372 Million Greenback Crypto Mission Determined to Distribute Airdrop: Listed here are the Phrases

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Glif, the most important protocol and liquid credit score platform within the Filecoin (FIL) ecosystem, introduced that it has launched its factors program earlier than the token launch.

Filecoin storage suppliers (SPs) and liquidity suppliers (LPs), the 2 events within the Glyph system, are eligible to earn factors. Glif acknowledged that factors will likely be awarded to each previous and future SPs and LPs.

As a liquid leasing protocol, Glif permits Filecoin (FIL) token holders to deposit FIL right into a liquidity pool. In return, they obtain iFIL, Glif’s native liquid rental token. SPs hire the amassed FIL and pay again the rental charges to the LPs and the protocol. After depositing FIL, LPs earn professional rata rental charges.

In keeping with knowledge from Filfox, Glif is at the moment the most important protocol within the Filecoin ecosystem, with a complete locked worth of over $372 million.

Glif’s factors schedule arrives simply two days earlier than the challenge’s one-year anniversary. The protocol allotted 75 million factors for previous (50 million) and future (25 million) SPs and LPs, and every celebration will obtain a 50% share of the entire factors.

The beginning date for the distribution of previous factors was decided as March 30, 2023, the date when the protocol was launched. The beginning date for future factors will likely be March 28, will proceed till September 26, and level distribution will likely be made each two weeks. Glif plans to transform its factors into its upcoming native token at a 1:1 ratio.

*This isn’t funding recommendation.

See also  Dogecoin (DOGE) Comes Nearer to Surpassing XRP

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