Audited by ConsenSys Diligence and Sherlock
The Infinity Pool is the first pool built on the GLIF Pools protocol - it's an autonomous leasing pool for Filecoin with standard rules for every Storage Provider on the network. The #1 priority of the Infinity Pool is the safety of depositors - the pool aims to avoid any loss of funds at the cost of potentially lower rewards.
All Storage Providers on the network are treated the same by the Infinity Pool - as long as they pass the risk criteria checks, they can borrow from the Pool. The GLIF team does not manually conduct diligence off-chain - instead, it uses conservative economic policies to mathematically deploy FIL to Storage Providers.
GLIF Pools is a DeFi protocol that enables the creation of many Filecoin capital markets('pools'). The protocol is designed to be flexible and upgradeable, allowing for the creation of different types of pools with different rules. The Infinity Pool is the first pool built on the GLIF Pools protocol.
When an LP deposits FIL into the pool, they receive a proportionate amount of iFIL tokens in return, based on the current price of iFIL. As Storage Providers (SPs) accrue interest by borrowing FIL, the price of iFIL increases.
iFIL is GLIF's liquid staking token. You can read more about how iFIL works in our docs.