According to PANews, Filecoin's liquidity staking protocol, Glif, has initiated a points program, allocating 75 million points. Both Filecoin storage providers and liquidity providers are eligible to receive points. An insider revealed that Glif plans to convert points to its upcoming native token at a 1:1 ratio. The token is expected to launch sometime this summer.
In February, Glif completed a $4.5 million seed funding round led by venture capital firms such as Multicoin Capital. Glif offers a revenue-earning avenue for FIL token holders through its 'liquidity leasing' model.