RIFIL

RIFIL

RIFIL is a DeFI Liquid Staking Data DAO which invests in subsidizing Filecoin Storage for Clients with valuable data against royalties for future retrievals deployed on FVM and IPC

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Built at ETHIndia 2023
Filecoin: Most unique projects in the Filecoin Ecosystem
RIFIL

RIFIL

RIFIL is a DeFI Liquid Staking Data DAO which invests in subsidizing Filecoin Storage for Clients with valuable data against royalties for future retrievals deployed on FVM and IPC

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The problem RIFIL solves

  • Anyone in the Filecoin ecosystem can use this for investing in valuable data generators and earn against that
  • Storage Providers can earn more by storing data that would be high in demand using retrieval fees
  • Clients can use this subsidy to store data for free or a negligible cost even without FIL+
  • It can work with or without FIL+ and can also act as a replacement for FIL+
  • Most useful for high impact data creators that whose data get used by a lot of other people like open source data models and weights
  • Impactful for onboarding enterprise clients with high rate of retrievals

Challenges I ran into

Creating the incentive structure and finishing off in time.

Tracks Applied (2)

Filecoin Track

Built from the ground up using FVM's Filecoin on chain APIs. This project is native only to Filecoin/FVM. It uses FVM Ca...Read More

Filecoin

Alliance Track

A Data DAO DeFi project

Alliance

Technologies used

Solidity

React

Node.js

Filecoin

fvm

IPC

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