Frequently asked questions about MFIL are answered here. If you still can't solve your problem, please join the MFIL community for discussion.
MFIL is a liquidity service solution for Filecoin and IPFS networks. MFIL helps storage providers solve the liquidity problem of existing computing power assets, and also helps users holding FIL to obtain income while maintaining liquidity.
Storage providers can apply for a "Forging License" from MFIL DAO on MFIL's website (https://sp.mfil.org), and after approval by MFIL DAO's committee, it can be issued to storage providers "Forging License".
With a "Forging License", the storage provider can mint the hashrate node into MFIL tokens.
Once you have an MFIL token, you will have several options:
Stake MFIL Tokens - Stake MFIL tokens and get MFIL tokens and MFD as daily rewards. Staking is open and can be unpledged at any time;
Build a pool of funds - put MFIL into the DEX build pool, MFIL DAO will issue MFD as a reward to users who build the pool;
Trade MFIL tokens – MFIL tokens, like FIL, can be traded in circulation;
Retrieve FIL – MFIL tokens can be retrieved one by one.
According to MFIL's DeFi protocol, storage providers participating in MFIL will mint a certain percentage of computing power output into MFIL tokens, which will be distributed as daily rewards to everyone who stakes MFIL.
MFIL does not charge any fees except for the use of MFIL tokens to retrieve FIL, which will be charged a certain percentage of the fee as the cost of maintaining the daily operation of the DAO.
MFIL tokens have more than 100% of FIL assets as collateral, which can ensure that MFIL tokens have no extreme de-anchoring risk exposure, and all MFIL returns are from the mining incentives of the Filecoin chain itself, which has a clear source of underlying assets. In addition, all asset transfers, income distribution, etc. of MFIL are automatically completed by smart contracts or operated by third-party asset management institutions. And with a multi-signature mechanism, there is almost no situation where a unilateral party can transfer assets or that the MFIL cannot operate because of a problem in one party.
First of all, the daily reward of the current pool and the regular pool, the MFIl token part is the same, and the MFD part of the regular pool will be much higher; Second, the regular pool needs to wait until the stake expires before it can actively exit.
MFD is the MFIL DAO community governance token, which is mainly used in community governance and will further empower various participants in the MFIL DAO organization.
MFDs are distributed through "fair launch" and do not raise funds, but can only be obtained by participating in DAO activities or providing services to MFIL. The main sources are:
Staking MFIL tokens - Staking MFIL tokens will be held, and MFD will be obtained as a daily reward in addition to obtaining MFIL token rewards;
Airdrop--MFIL DAO will hold airdrop activities from time to time, and if you participate in the event, you will have the opportunity to get MFD.
In order to increase the community stickiness of the MFIL DAO, the 40% community contribution reward will be distributed on the principle of 180 antenna release.
VeMFD, or Vote Escrow MFD, can only be obtained by staking MFD. VeMFD is a non-transferable and non-negotiable MFIL community governance token, and the longer you choose to lock for a longer time (usually there is an upper limit on the lock time), the more VeMFD you can get.
Holding VeMFD will have several interests:
Dividend rights - the MFIL protocol will first receive 10% of the mining income to distribute dividends to all VeMFD holders;
Governance voting rights - in principle, 1 VeMFD represents 1 vote, and most of the community governance behaviors will be adjusted and decided by community voting in the future;
Minter License – Once they have a certain number of VeMFDs, storage providers can apply for a "Foundter License" from MFIL DAO on the MFIL website (https:// sp.mfil.org), M FIL After the DAO's committee approves the review, the storage provider can be issued a "minter license", and with the "minter license", the storage supplier can mint the hashrate node into MFIL tokens.
MFIL DAO is MFIL's decentralized governance organization. It is an autonomous organization initiated by the MFIL project and composed of senior industry participants, well-known institutions and developers. The significance of MFIL DAO is to make MFIL projects transparent, autonomous, self-managed, and develop smoothly and stably.
At the beginning of the project, the MFIL project team plans to set up four committees responsible for various governance, namely: DAO governance committee, storage supplier committee, developer committee, and ecosystem committee. As the project develops, the decision on whether to establish a new committee will be decided by the DAO governance.