Earning Rewards

pFIL is passively minted periodically on all miner actors with non-zero outstanding pFIL amount. All passively minted pFIL will be distributed to pFIL holders as rewards and will increase the outstanding pFIL amount of the corresponding storage providers.

For example, a miner mints 100 pFIL against 100 pledged FIL under the Repl protocol, and unstakes them to withdraw FIL for liquidity. Meanwhile, passive minting will happen periodically proportional to pFIL outstanding of the miner. The passively minted pFIL will be distributed to pFIL holders via a rebasing mechanism and will increase the pFIL outstanding of the miner.

PassiveMinting will be calculated by the following formula:

Daily Passive Mint =
[^multiplier * outstanding pFIL * ((FIL/pFIL ratio in liquidity pool) - 1) ] / 360
 

^the multiplier of the current miner - it will start at 1.2 and reach 0.8 after 360 days. It will reset to 1.2 after 360 days