Silos are a very potent new DeFi tool that anyone on the Polygon Network and with the Brydge Technology, cross chain, can use to build and deploy complex investment and trading strategies.
Gravity Finance partnership with Brydge to spread Web3 Adoption to all!
The main goal of Gravity Finance is to increase automation for all DeFi users while making the website and its products easy to use and comprehend. It is not essential to stake the $GFI Token in order for holders to benefit because you can always collect your share of platform revenue while it is still in your wallet. The developers have been working on an innovative product called Silos but also on making new alliances and partnerships with strong DeFi and Blockchain related platforms.
Gravity Finance x Brydge
Brydge is a cross-chain bridge Protocol, that can facilitate cross-chain swaps. Therefore, as part of the bridge process, if you have funds on another network, you can purchase $GFI seamlessly in one transaction.
Users can even specify the destination address when using Brydge to swap "token A" on "Chain 1" to "token B" on "Chain 2" in a single transaction. Basically you can even send $GFI to your friends cross-chain by just specifying that for example, you have USDC on your Ethereum Wallet, and want to send $GFI on your friend’s Polygon Wallet, it’s as simple as that.
If you are interested in the Brydge platform make sure to visit: https://www.brydge.network/
With the Brydge technology and Gravity Finance’s know-how, it will be possible to make complex transactions sending funds from other chains, directly into a Silo strategy. This creates an unparalleled and unprecedented ecosystem where users can yield from multiple chains at once and automate transactions to maximize revenue across all networks, all done with the help of Silos.
What are Silos?
Silos are a very potent new DeFi tool that anyone on the Polygon Network and with the Brydge Technology, cross chain, can use to build and deploy complex investment and trading strategies that utilize outside projects and platforms, such as AAVE, MAI Finance, Gains Network, Quickswap, and more, with the added benefit of decentralized ownership and automation at its core.
Gravity Finance keeps surprising us in pleasant ways, we are looking forward to seeing how complex the Silos strategies can become when adding Brydge into the fray!
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
Oct 16, 2022