Infinity Pool Staked FIL Staking

iFIL is GLIF's liquid staking token on Filecoin. When you deposit FIL into the GLIF Infinity Pool, you receive iFIL based on the current iFIL price.

The Infinity Pool is an autonomous leasing pool for Filecoin, with the same rules for every Storage Provider on the network. iFIL is an ERC-20 token on the Filecoin EVM (FEVM), so it can be held and used in other Filecoin DeFi applications.

Filecoin Storage Providers (SPs) borrow FIL from the Infinity Pool to fund their operations and pay interest on it. As SPs pay interest, the price of iFIL in FIL increases. Your iFIL balance stays the same, but each iFIL is worth more FIL over time.

The yield is variable. It depends on how much of the pool is borrowed (the pool utilization rate) and on the interest SPs pay.

• 1. Open the pool: go to glif.io/en/pool/infinity and connect a Filecoin-compatible wallet.
• 2. Deposit: enter the amount of FIL to deposit. You receive iFIL at the current iFIL price.
• 3. Withdraw: use the Withdraw tab to exchange iFIL back for FIL. Withdrawals depend on the FIL available in the pool.

GLIF states that "the #1 priority of the Infinity Pool is the safety of depositors" and that the pool aims to avoid any loss of funds, even at the cost of lower rewards. Instead of manual off-chain diligence, it uses conservative economic policies to decide how much FIL each Storage Provider can borrow, and SP loans are backed by collateral.

The pool contracts were audited by ConsenSys Diligence and Sherlock. Risks remain: an SP can fail to repay, withdrawals can be limited when most of the pool is borrowed, and smart contracts can contain bugs.