What Glif has accomplished, in response to Schwartz, is create a bridge between common FIL holders who need yield and the storage suppliers who generate it. The holders mortgage their FIL right into a pool that the suppliers borrow from, boosting their collateral and yield. Storage suppliers pay curiosity to the pool as soon as every week.
Liquid Staking Protocol Glif Raises $4.5M Seed Funding, Suggests Future Airdrop
