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Filecoin lock + burn metrics (DePIN benchmark)

This evidence pack adds a DePIN reference point (Filecoin) to the Livepeer extraction discussion.

Filecoin: on-chain lock + burn primitives (snapshot)​

  • Generated: 2026-01-22T14:59:53.088960+00:00
  • Filecoin RPC: https://api.node.glif.io
  • Head height: 5692919

Key on-chain quantities (FIL):

  • Burnt funds (actor f099): 41,583,628.457 FIL
  • Total pledge collateral locked (Power actor f04): 100,281,675.748 FIL
  • This-epoch pledge collateral (Power actor f04): 100,281,675.748 FIL
  • Provider locked collateral (Market actor f05): 547,085.058 FIL
  • Client locked collateral (Market actor f05): 0.000 FIL
  • Client storage fees (Market actor f05): 10.933 FIL

Reward context (FIL):

  • This-epoch block reward (Reward actor f02): 24.128 FIL / epoch
  • Daily reward estimate (epoch reward × 2880/day): 69,487.588 FIL / day
  • Total storage power rewards minted (Reward actor f02): 393,271,272.962 FIL

Interpretation:

  • Filecoin has large protocol-level locked capital (pledge collateral) and an explicit burn sink (burnt funds).
  • These mechanics raise the cost of “farm-and-dump” behavior by constraining liquidity and adding penalties/burn pathways.

Contrast: Livepeer extraction proxies (from our evidence packs)​

Livepeer differs structurally: inflation rewards can become liquid and be routed off-chain quickly (see timing traces).

  • Rewards claimed (total): 17514284.209827435042847246 LPT (/research/rewards-withdraw-timeseries)
  • WithdrawStake amount (total; includes principal): 29513599.897804303796839955 LPT (/research/rewards-withdraw-timeseries)
  • Tight-window traces matched to labeled exchanges: 68 (across 10 senders) (/research/extraction-timing-traces)
  • Top-50 proxy rewards withdrawn (sum): 5329277.600117 LPT (/research/extraction-fingerprints)

What this suggests (high level):

  • Filecoin’s design has strong on-chain friction against immediate reward sell-through (locked collateral + burn sink).
  • Livepeer currently has weaker on-chain friction against immediate reward cashout; this is why we propose reward-only escrow/vesting/forfeit primitives for Livepeer.

Notes + limitations​

  • This report does not attempt to infer “selling” for FIL; exchange deposits are not labeled here.
  • Filecoin reward vesting specifics are protocol rules; we focus on actor-reported locked/burn balances to keep the report RPC-only.
  • Cross-chain comparisons are qualitative: the goal is to compare primitives (lock/burn/penalty), not to claim identical market behavior.

Raw output: see research/filecoin-lock-burn-metrics.json.