Repledging Protocol for Pledged FIL Assets.
Audited & Secured by:
Total Value Locked
Total pFIL Minted
FIL Recovery Cycle
Est. Reward Rate
A pFIL represents one pledged FIL that will become liquid within the next 360 days.
When a pledged FIL becomes liquid, Repl protocol buys back pFIL through auctions and rewards pFIL holders. A reward rate is implied in the pFIL price.
Outstanding pFIL is backed by more pledged FIL at work, generating larger FIL inflows and therefore accelerating FIL recovery.
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