feature_image

They have already begun to speak with and build relationships with Permissioned DeFi providers in order to get ready for the next "phase" of DeFi, which will see much more Institutional participants enter the space through Permissioned DeFi (DeFi with a Centralized authorisation layer).

Gravity Finance - Roadmap and Vision

Gravity Finance's development began in September 2020 with great plans to enhance the ecosystem as a whole. First, how to automate and simplify DeFi.

The platform’s first mission and implementation was to create a way in which users could gain platform fees and other rewards without having to go through the effort and expensive process of Staking through a dApp and smart contract.

Gravity Finance developed a functioning model by the end of 2020 that could allocate and distribute admin fees to any addresses that merely held governance tokens. Even better, the project could choose the coin they wanted to use to distribute admin fees in. The developers decided to distribute admin fees in ETH.

The Road Forward - Backed by BTC
Gravity Finance started looking at possible ways to put a real value on the $GFI Token. As a result, a token backing Vault was made.

A Governance contract that stores BTC as a reserve asset was developed by the beginning of 2021. The $GFI governance token is backed by BTC, much like a conventional gold-backed currency, and governance tokens can be redeemed for a portion of the BTC backing.

By simply having $GFI tokens in their wallet, all governance holders could now get admin fees without having to stake their tokens, thanks to Gravity Finance. The need to distribute admin fees as additional governance tokens had been eliminated by the developers, which decreased the number of transactions necessary to really realize admin fee revenues.

Finally, they had developed a strategy for giving the governance token a genuine value through an expanding BTC vault that was produced by product use admin fees.

Success and Innovation
The owners made all of their social media outlets publicly accessible in April 2021 and released the Gravity Finance Whitepaper, Roadmap, and Tokenomics for the Governance token, GFI.

In the roughly 18 months since the community fund-raise in May 2021 they have released a number of basic DeFi products and have established numerous alliances, partnerships, and integrations, including those with Chainlink Labs, Polygon, Kyberswap, 1Inch, and numerous bridge Projects. They've also gotten grants from numerous initiatives (including Polygon and The Graph).

Additionally, Gravity Finance dispersed the majority of the $GFI governance tokens in the first year via yield farms to protocol users and backers who had increased the DEX's liquidity.

Due to token burning and GFI-to-BTC redemptions, the supply of $GFI tokens will become fully deflationary now that they are almost completely distributed.

In the past 12 months, Gravity Finance and Chainlink Labs have worked together to develop a new DeFi solution called Silos. Silos is a DeFi automation tool that makes it possible to automate manual processes.

From straightforward operations like collecting incentives in yield farms to complicated ones like managing debt and collateral positions on collateralized loans or delta-neutral trading positions in the DeFi market.

We have extensively covered Silos with the help and explanations of the developers in this article.

The Gravity Finance team views Silos' completion as the true "Launch Moment" as they call it, because it is THE flagship product of the company.

The launch date for this innovation is November 2022.

The future is bright
Although the Gravity Finance team is still tiny, they have big hopes for the project's future and the DeFi market as a whole.
They have already begun to speak with and build relationships with Permissioned DeFi providers in order to get ready for the next "phase" of DeFi, which will see much more Institutional participants enter the space through Permissioned DeFi (DeFi with a Centralized authorisation layer). Additionally, they have some new products scheduled for 2023 that will be able to facilitate both the Permissioned and Permissionless DeFi space.

Conclusion
We are simply hyped and astounded by how far Gravity Finance has gotten so far, and we are waiting excitedly for the release of the Silos, but also for ALL the future innovations they have in store for us!

You can access the Gravity Finance Roadmap here.

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

Oct 29, 2022