Gravity Finance

By Petrache Ionut Jun 6, 2022

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Gravity Finance is a comprehensive suite of unique functioning DeFi products on the Polygon Blockchain, consisting of a Decentralised Exchange, Yield Farms, Auto-Compounding Vaults, an IDO Launchpad and Automated Investment Strategies called Silos, with many upcoming additions in the works by the development team such as Personalized investment Strategies, Lending and Borrowing, Derivatives Trading (Options) and Margin Trading.

One of the things that makes this protocol unique is that all of the Gravity Products generate Admin Fees which are paid to GFI token holders as ETH and BTC in addition to various other benefits.

The main goal of Gravity Finance is to provide as much automation as possible to all of DeFi users, while making the website and its products easy to use and comprehend. The $GFI Token does not need to be staked in order to provide benefits to holders, it can remain in your wallet whilst you can claim the share of platform revenue at any time. There is no staking require at all if you do not wish to do so.

The Profit Sharing and Fees model
All Admin Fees received by the platform are delivered to the Governance Smart Contract, where they are split 50/50 between ETH and wBTC. These fees are still in the contract and can be claimed by GFI Token holders. The revenue and claim amounts are proportionally determined according to the percentage of GFI circulating supply that each address represents. The 50% held in ETH can be claimed as dividends at any time.

The 50% kept as wBTC can also be claimed at any time, however when you claim wBTC, the GFI Tokens associated with it are burned (proportional to the amount claimed).

"Backed by bitcoin" is the project's tagline, which comes from this arrangement. The Governance Token is backed by this wBTC, giving it actual inherent worth. As additional fees are received from the platform, this value is set to rise over time (and the price of BTC hopefully continues to rise).


$GFI Holder Benefits
One of the main uses for GFI token is to receive a share of platform fees in ETH and BTC as above, however owning GFI also provides the holder with other benefits, such as the Tier Eligibility system.
The GFI Tier advantages will differ between Gravity Finance products and will primarily be access or fee-related. e.g. some products such as Silos will have investment strategies where being a tier-holder will give the user a reduced fee, or the Gravity Launchpad may host an IDO where being a tier-holder will give early or exclusive access to take part.

GFI Tier status is calculated by the amount of $GFI you are holding in an Approved Gravity Smart Contract combined with the $GFI held in your wallet. Keep in mind that if you're depositing GFI into a smart contract that has been approved, you must do so straight from your wallet. Depositing into a third-party smart contract, such as a third-party yield aggregator, does not count towards your eligibility.

The Tier eligibility is as follows:
Tier 1: 50,000 $GFI or equivalent holdings in an Approved Gravity Smart Contract.
Tier 2: 250,000 $GFI or equivalent holdings in an Approved Gravity Smart Contract.
Tier 3: 500,000 $GFI or equivalent holdings in an Approved Gravity Smart Contract.

Tokenomics
The total GFI Supply is 1,200,000,000 with just over 1b circulating supply. The token is Deflationary, through its custom fee management smart contracts, Gravity Finance buys and burns $GFI, constantly reducing the supply, with over 6m GFI burned already at the time of writing.

The $GFI supply is ever-decreasing and through the admin-fees the wBTC backing will increase, while also soaring the floor-price of $GFI over time.

Project Links:
Website - https://gravityfinance.io/
Medium - https://gravityfinance.medium.com/
Telegram - https://t.me/gravityfinance
Twitter - https://twitter.com/Gravity_Finance
Documentation - https://inthenextversion.gitbook.io/gravity-finance/
Audits - https://github.com/ObeliskAuditing/obelisk-audits/blob/main/Gravity.pdf
Whitepaper - https://api.gravityfinance.io/documents/GravityFinanceWhitePaper.pdf

Written By

Petrache Ionut