In the next phase of GLIF's evolution, GLIF is expanding to additional DePIN networks. The launch of the $GLF Token is just the beginning of the journey.
By claiming your $GLF Airdrop, you'll be joining the team and the rest of the GLIF community on GLIF's multi-chain expansion.
The GLIF brand began as a set of interoperable apps and tools for the Filecoin network's mainnet launch in 2020. GLIF built the first Filecoin wallet and the Filecoin multisig used for the Filecoin ICO distribution.
By working on Filecoin, the GLIF core team gained experience in understanding DePIN networks and DePIN economies at scale.
Prior to the launch of the FVM, the network was bottlenecked with capital inefficiencies. Storage Providers had no permissionless, efficient, and flexible way to borrow FIL to use as mining collateral, and the majority of Filecoin token holders had no opportunities to earn native, sustainable rewards on their FIL tokens.
GLIF set out to close this gap by building and scaling Filecoin's first DeFi protocol.
Today, there are hundreds of blockchains and other DePIN networks that share the same capital inefficiencies as Filecoin did before GLIF.
In the next phase of GLIF's evolution, GLIF will support other DePIN networks with its DeFi protocol, opening the door to many new types of assets and user groups, and helping to scale DePIN as a whole.
GLIF represents a new type of protocol that we haven't seen yet in the wild - DeFi for DePIN.
GLIF users have trusted GLIF with billions of dollars, and created Filecoin's #1 DeFi Protocol.
With the launch of $GLF and the DAO, the community will be empowered to govern GLIF.
Learn more about GLIF Governance