What is Gravita Protocol? Gravita Protocol is one of the next projects following the LSDfi trend that is currently exploding with many projects such as Agility, unshETH or Lybra Finance. So, if there’s anything interesting about Gravita Protocol, let’s find out together in the article below.
To better understand Gravita Protocol, you can refer to some of the following projects:
- What is Agility (AGI)? Agility Cryptocurrency Overview
- What is unshETH (USH)? Overview of Cryptocurrency unshETH
- What is Lybra (LBR)? Overview of Lybra Cryptocurrency
What is Gravita Protocol?
Overview of Gravita Protocol
Gravita Protocol is a Lending & Borrowing platform with collateral targeting LSTs (Liquid Staking Tokens such as stETH, rETH, bETH, sfxrETH, ETHX,…) and stablecoins to mint stablecoin GRAI. Users can profit with GRAI through providing liquidity to Stable Pools and use on other DeFi protocols.
GRAI’s peg retention mechanism is relatively simple:
- When GRAI > $1: Users can mortgage additional assets to mint GRAI and then sell GRAI at a difference in the market price.
- When Grai < $1: Users can buy GRAI on the market and in return collateral creates arbitrage opportunities.
Mechanism of action
Gravita Protocol’s operating mechanism is relatively simple as follows:
- Step 1: Users deposit LST and Stablecoin as collateral.
- Step 2: Mint launches stablecoin GRAI.
- Step 3: Provide GRAI liquidity in Stable Pools with many incentives from Gravita Protocol
Development Roadmap
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Investor
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Core Team
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Tokenomics
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Exchanges
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Project Information Channel
- Website: https://www.gravitaprotocol.com/
- Twitter: https://twitter.com/gravitaprotocol
- Discord:
Summary
Will Gravita Protocol become a Lybra Finance in the next period and open a crazy period for projects in the LSDfi segment. Let’s wait together.
