Summary
The article states that Glif has created a platform that connects FIL holders and storage providers. FIL holders can loan their tokens into a pool, which storage providers can borrow from, increasing their collateral and yield. The providers pay interest to the pool on a weekly basis.
Key Points
1. Glif has created a bridge between FIL holders and storage providers, allowing regular FIL holders to earn yield from their holdings while enabling storage providers to access additional collateral and generate yield.
2. FIL holders loan their tokens into a pool that storage providers can borrow from, thereby increasing their collateral and potential yield.
3. Storage providers are required to pay interest to the pool on a weekly basis, which further contributes to the overall yield generated for FIL holders participating in the lending pool.