About Gravity Finance (GFI)
Gravity Finance (GFI) DeFi space has exploded in the past 12 months with a large amount of innovation in such a short time frame. As DeFi enthusiasts, the took a step back and asked, what would be the ideal DeFi Platform. The identified the following items during that process Cost Fees needed to be lower, allowing anyone to interact frequently, with no need to think about gas-cost implications. Token Value Governance Tokens should have an underlying intrinsic value that grows with the project. Mechanisms to ensure a token’s price matches, or exceeds its intrinsic value over time
Gravity Finance (GFI) Platform Earnings Fees earned by Governance Token Holders should be in a different currency to the Governance Token, otherwise the price of that token can be subject to downward market pressure. Automation Reduction (or removal) of manual tasks required to maximise and compound earning potential At first glance, Gravity Finance may appear very similar to other DeFi platforms. In fact, the core features are very similar, however we aim to improve on the items mentioned above, in a new and innovative way!! This article is intended to offer an introduction to the project. Specific details about the platform features will be released as they become available Gravity Finance will be launching on Polygon, an Ethereum sidechain scaling solution, commonly referred to as a “Layer2” and was developed to solve many of the existing issues facing Ethereum
Gravity Finance (GFI) Storage Key Points
|Coin Name||Gravity Finance|
|Fully Diluted Market Cap||$17,581,677|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Chat||Click Here To Visit|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
A Flourishing Sidechain
Gravity Finance (GFI) By launching on Polygon, the join a fast-growing community of protocols, including Aave, Chainlink and many more, who are already seeing the benefits of launching here. Gravity will be leveraging these above-mentioned protocols in several of the platform features. More details will be released with each feature announcement as they become available.
From a user-perspective, interacting with dApps on Polygon will be extremely familiar to anyone with experience using Ethereum dApps.
More to Come
Although Gravity will initially launch on Polygon (which is the priority), they are in the planning stages of developing a multi-chain strategy which will allow the platform features to be launched on other blockchains (including Solana). their goal is to have GFI’s earning potential reach across multiple chains and we look forward to achieving this.
Gravity Finance (GFI) As with most DeFi platforms, Governance Token Holders earn fees from the platform’s products and are entitled to other benefits. In this respect we are the same, however we have redesigned the process in a big way, adding a true value-accruing mechanism in our fee-distribution model and tokenomics. Currently, other DeFi platforms require Governance Token Holders to stake tokens before they are eligible to earn a share of the revenue. token (GFI) can remain in a personal wallet at all times and your share of the platform value is always available to claim. No.Staking.Required. This reduces the steps required for Governance Token Holders to start earning from the platform and allows GFI holders to easily compound their earnings without the need for further transactions, which in turn reduces gas-fees.
Fee Distribution Model
Admin Fees are generated from all of the platform’s products. One of the first fee generators will be admin fees from our swap exchange, with other products coming soon. The exchange fees, paid by traders, is 0.3% (on each trade). 0.05% of this is the Admin Fee, with the other 0.25% going to the Liquidity Providers. All Admin Fees collected from the platform are sent to the Governance Smart Contract, where they are converted to 50% ETH and 50% wBTC. These fees remain in the contract and are available for the GFI Token Holders to claim. The maximum claim size is based on the users percentage of the total supply of GFI Tokens.
Voting & DAO
Gravity Finance (GFI) A Decentralized autonomous organization (DAO) will be formed soon after our launch which will govern how our platform evolves into the future. One of the first items on the agenda will be a vote on how the platfomer’s wBTC (GFI’s backing) will be managed. Initially the wBTC will sit in the governance contract ready to be claimed. One possibility could be to actually invest some (or all) of the wBTC in an interest earning DeFi protocol (or farm) so it is put to work, compounding it’s value. If wBTC were to be invested and a GFI holder wanted to redeem their token’s intrinsic value, they would receive the remaining wBTC, plus any vault/protocol tokens owned by the governance contract (proportional to their GFI holdings). This automated investment strategy would further compound the value of GFI over time. All of this is handled for token holders with no manual processes or staking required.
Comparing To Other Tokens
When comparing GFI to other tokens, it’s important to remember that GFI has an underlying intrinsic value in the form of wBTC. This value must be deducted from its market cap. before comparing it to other tokens (which have none). The actual market cap. of GFI can’t be determined until it’s publicly traded (the market sets its price) however this intrinsic value should always be considered when comparing to other tokens. When the price is determined by the market it will likely trade much higher than it’s backing value due to speculation on future value generated by increasing user adoption and earning potential.
DeFi backed by Bitcoin
Gravity Finance (GFI) A first-in-class governance token with true intrinsic value. GFI is backed by an ever-growing amount of bitcoin.
DeFi with automation in mind
Gravity removes the manual & repetitive tasks from DeFi. Every process has been designed from the ground up with automation in mind.
Gravity IDO coming soon
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Gravity Finance (GFI) Following completion of the IDO and before the launch of the swap exchange they will be seeking a Smart Contract auditing company to audit all of the smart contracts for the project.