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The administrative fees are handled differently depending on the product; the Swap Exchange admin fees are converted to wETH and wBTC and distributed to GFI holders.

Gravity Finance - $GFI Token and Benefits Recap

All products from Gravity Finance produce "Admin Fees" (also known as Platform Fees).


These administrative costs are automatically collected from multiple sources through the smart contract for each product. For instance, each swap conducted on the Gravity Swap Exchange is subject to a small % admin-fee.

The administrative fees are handled differently depending on the product; the Swap Exchange admin fees are converted to wETH and wBTC and distributed to GFI holders.

If a user has $GFI tokens in their wallet, they can directly claim wETH income from the Governance Smart Contract (or by using the portal on the Governance Page on the website). In accordance with the quantity of $GFI tokens a user had in their wallet when the admin-fees were handled, the user will be qualified for a higher portion of the distributed wETH.

Investors can purchase $GFI directly from the Gravity Finance Exchange or from Kyber Swap since the latter uses Gravity Finance liquidity as well.

As the development team prepares to launch their amazing Silos that we covered in this article, we are equally excited to share this reminder about the project.

Gravity Finance's key objective is to maximize automation for all DeFi users while ensuring that the website and its products are simple to use and understand. The $GFI Token can stay in your wallet while you can at any moment collect your part of platform revenue, so it is not necessary to stake it in order for holders to receive benefits.

Just over 1 billion GFIs are currently in circulation out of a total quantity of 1,200,000,000. The token is deflationary since Gravity Finance continuously reduces the supply by buying and burning $GFI through its proprietary fee management smart contracts.

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

Sep 28, 2022