TechFlow News, Glif, a Filecoin ecosystem project, announced it has raised $4.5 million in seed funding, with participation from Multicoin Capital and others.
The funds will be used to expand its "liquid leasing" tool, focusing on the iFIL liquid staking token, helping users earn yield on Filecoin. Glif has built a bridge connecting ordinary FIL holders with data storage providers: holders deposit FIL into a pool, providers borrow from it and pay interest. Currently, depositors receive a derivative token called iFIL, whose value increases weekly as interest payments accrue.
Glif also plans to launch a points program that rewards users with points based on their contributed value, expected to roll out later this quarter.
Add to Favorites
Share to Social Media
