📄️ Preparations
For Storage Providers (SPs) interested in joining the protocol, please ensure that the owner address and the beneficiary address of the Miner Actor to be onboarded are identical. This alignment is necessary to enable a one-time, efficient transfer of ownership to Repl’s agent contract.
📄️ Ownership Delegation
An SP needs to transfer the owner address (with identical beneficiary address) of a Miner Actor to the Repl protocol's agent smart contract to activate pFIL minting access. To do so, please follow the instructions below.
📄️ pFIL Minting Allowance (SafePledge)
Upon successful ownership delegation, pFIL minting allowance calculation will start. This allowance determines how much pFIL you can mint against your collateral. The calculated amount will be shown under the “Avail. Minting Balance” column.
📄️ Minting pFIL
After a Miner Actor has been onboarded to the Repl Protocol successfully, the pFIL minting allowance for the Miner Actor will be calculated automatically.
📄️ Withdrawing FIL for Liquidity
An SP can withdraw FIL by unstaking minted pFIL to obtain liquidity for their financial needs.
📄️ Miner Claimback
After pFIL recovery is enough to cover pFIL minted, the SP can claim back the miner actor to the original owner address (before onboarding the miner on Repl).
📄️ Forced Termination
The value of pFIL relies on having a 1:1 backing with FIL. If a miner remains in a faulty state, Filecoin's slashing mechanism will reduce their FIL assets significantly, placing asset safety in danger. In such cases, the Miner Actor repledged with Repl might be subject to forced termination.