The largest DeFi protocol in the Filecoin ecosystem, GLIF, has officially introduced its own token, GLF. As part of the launch, 94 million tokens have already been distributed to users, accounting for 9,4% of the total supply.
More Than a Governance Token
According to the announcement, GLF currently serves as a governance token, but the team has plans for its further development. GLIF CEO Jonathan Schwartz revealed that they are considering a loyalty program inspired by airline miles, as well as a new DeFi mechanism, the details of which have not yet been disclosed.
Expanding Beyond Filecoin
In addition, the creators have outlined plans to expand their presence beyond data storage, moving towards DePIN (Decentralized Physical Infrastructure Networks). One of the key initiatives will be a liquid leasing system, allowing FIL holders to earn income by lending their tokens to storage providers as collateral.
The GLIF team is currently in negotiations with several DePIN platforms, evaluating their demand, technical capabilities, and potential risks. Many Filecoin providers are also active in other DePIN networks, which simplifies the integration process.
Expanding Into New Industries
GLIF is going beyond traditional data storage and is exploring opportunities to apply DePIN technologies in the energy sector. According to analysts, this indicates the team’s ambition to extend decentralized finance principles to physical infrastructure.
The project refers to this stage as "Chapter III", emphasizing key milestones in its journey:
- Chapter I — The launch and growth of Filecoin as the first DePIN network.
- Chapter II — The creation of the first DeFi protocol for DePIN, attracting over $100 million in Total Value Locked (TVL) and processing $1 billion in transactions.
- Chapter III — Expansion, scaling to other DePIN networks, and introducing new models for capital efficiency.
The rewards were given to those who had previously accumulated GLIF points through activity within the protocol. The airdrop checker is available via the provided link.
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.
