• Users holding SFT tokens can redeem FIL in real-time through the FIL redemption pool constructed on the redemption interface.
• The SFT is pledged to the fixed-term deposit pool for six months, with a daily floating yield of 20%-35% and daily equipment node rewards of FIL, which are distributed to the Farm pool in a 5:5 ratio with the equipment provider. Users can receive them daily. The pledged SFT will need to be unlocked after six months.
• Calculate your expected rewards using our Filecoin Staking Calculator

Staking rewards for FIL are composed of:

FIL Mining Rewards: When you liquid stake your FIL, you are receiving, SFT, a certificate of computing power for FIL holders participating in node mining, which will have the right to share in the revenue and redemption of the node. 

You are welcome to play around with our FIL Staking Calculator to get a better feel of how these metrics can influence your rewards.

FIL is the native token of the Filecoin ecosystem that is used to carry out the key functions of the platform as detailed below:

Token Utilities

• Gas token: Each transaction processed by the network requires a small fee to be paid to the validator. 
• Governance: FIL is used to vote on Filecoin governance proposals on the network. 
• Storage: Used to incentivize persistent storage on the Filecoin network. Storage providers mine FIL by providing reliable storage service or committing storage capacity on the network. It has a maximum circulating supply of 2,000,000,000 FIL, meaning that no more than 2 billion Filecoin will ever be created.

We strive to make staking as safe and transparent as possible, however, it's important to consider factors that may influence whether a particular staking option is appropriate for you.

Protocol security risks: There is an inherent risk that the protocol could contain unknown bugs, this risk applies not only to staking but also the investment in FIL.

Please note that this is not an exhaustive list of all the risks related to staking.

Filecoin's FIL token, capped at 2 billion, allocated 10% for fundraising, with 7.5% funding a 2017 ICO that raised $257 million and 2.5% for ecosystem and future fundraising. Protocol Labs received 15%, and the Filecoin Foundation got 5%. The remaining 70% is for mining rewards: 15% to a mining reserve and 55% to storage mining, incentivizing miners for storage services and blockchain maintenance.

Filecoin Distribution:

The distribution of Filecoin (FIL) is as follows:

• 5.00% is allocated to Filecoin Foundation
• 4.50% is allocated to PL Team & Contributors
• 10.50% is allocated to Protocol Labs
• 2.50% is allocated to Fundraising-Remainder
• 7.50% is allocated to Fundraising - SAFT 2017
• 15.00% is allocated to Mining Reserve
• 55.00% is allocated to Storage Mining Allocation