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The $GFI Token is at the heart of the Gravity Finance ecosystem, nonetheless, investors won’t have to hold any $GFI to use the Silos, but holding the token will have its advantages, such as paying less fees when using Silos and Earning Admin Fees from all of the Gravity products.

Gravity Finance - Status Report!

"Silos" is the newest offering from the Gravity Finance team. Silos are an Automation and Risk Management Tool for the DeFi sector, allowing users to automate repeatable manual tasks and build investment strategies, with risk management factors built in to protect user funds.

Silos, which have the added advantages of non-custodial ownership (the users own their Silos and the funds within), and automation at their core, are a very potent new DeFi tool that anyone on the Polygon Network can use to build and deploy complex investment and trading strategies that make use of outside projects and platforms, including AAVE, MAI Finance, Gains Network, Quickswap, and many more.

The Gravity Finance team plans to open the next round of Silos Beta Access to their Discord community, so make sure to join if you want to be among the first users to test this outstanding new product.

A Silo is a smart contract that is launched for a single user on the blockchain.

Specific "strategies" are pre-programmed into the deployed Silo code with a set of parameters that the individual user can adjust.

To prevent liquidations or to maximize profits, strategies might range from straightforward activities like automating yield-farm harvesting and compounding to more complicated ones like lending and borrowing with active monitoring and automatic loan rebalancing.

If you want to learn more about Silos, check our Deep Dive article here.

The $GFI Token is at the heart of the Gravity Finance ecosystem, nonetheless, investors won’t have to hold any $GFI to use the Silos, but holding the token will have its advantages, such as paying less fees when using Silos and Earning Admin Fees from all of the Gravity products.

Launch When?
The Silos are set to launch before the end of this year, as the Beta testing is starting soon, you should make sure to follow Gravity Finance on all social media in order to participate in any contests, giveaways or know about their latest developments first-hand!

Project Links
Website - https://gravityfinance.io/
Medium - https://gravityfinance.medium.com/
Telegram - https://t.me/gravityfinance
Discord - https://discord.gg/fYAf4V3qXs
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

Nov 16, 2022