Filecoin liquidity rental protocol Glif completes $4.5 million financing, led by Multicoin Capital

ChainCatcher news, according to The Block, Filecoin's liquidity rental protocol Glif has completed a $4.5 million financing round, led by Multicoin Capital, with participation from Zee Prime Capital, Fintech Collective, Big Brain Holdings, Protocol Labs, and other investors.

Glif will launch a rewards program at the end of the first quarter of 2024, offering users points. To earn points, Glif users need to deposit FIL and create Glif's native liquidity rental token iFIL. According to sources, these points will be used to determine the initial amount of tokens airdropped to users.