Introduction to Graviton
GTON as "token in the middle"
Even after the 20/21 DeFi boom and the rapid adoption growth of decentralized applications, we still face issues with DeFi liquidity for many assets, which are otherwise liquid on CEXes (old ICO/IEO projects or CEX coins) or assets originally from one chain, but wrapped into another (destination) chain, i.e. wrapped assets.
II. New chains/platforms exploration issues
Have you ever tried to explore a new chain like matic, bsc or solana?
Even with an already created account, you still have to find ways to deposit the native token onto it. Here's how the user journey usually looks: ETH to CEX -> find and buy token from CEX -> withdrawal 2FA/Email/SMS -> waiting confirmations, and only after this chain of actions it becomes possible to test a new ecosystem.
- GTON is a multichain relay token designed to connect AMM DEX liquidity across multiple chains and boost it for initially illiquid assets, such as wrapped tokens, CEX tokens and recently tokenized projects.
- GTON is a reflection farming token which is used for creating an LP farm in a permissionless manner to accelerate the growth of liquidity for any assets on any supported chains.
- GTON is the governance token of the Graviton DAO, which controls treasury funds, liquidity, market making, allocation distribution, and community operations.
- Tokenomics: 21 mln max supply; Exponential decay unlock according to DAO decisions & allocations
The allocation intended to motivate participants to provide liquidity in AMM pools is distributed according to an exponential decay formula, and the share of farmed reward tokens is dynamically distributed in proportion to the amount of GTON in the pool. All pairs in reflection farming contain a GTON token, in contrast to classic farms, where farming of one token occurs as a result of providing liquidity to other tokens.
Boosting AMM liquidity for assets which aren’t liquid in DeFi such as wrapped tokens, CEX tokens and assets of new projects.
Example: wrapped-RAY -> GTON -> BNB on BSC
Simplifying crosschain swaps by using GTON as an AMM relay token on both chains.
Example: Cross-chain Swap: $BNB -> $MATIC (EVM <-> EVM)
Reflection farming allows one to create permissionless pools, meaning that anyone can create a farm for any token. Governance holders of GTON can boost the allocation for a certain pool, thereby increasing the profitability. A set of measures for creating a farm and boosting its yield is called Catalyst, since it catalyzes the liquidity of a token in pairs to GTON, and therefore to stablecoins and native tokens, through GTON acting as a relay token.
Operating as a DAO, Graviton is governed through decisions based on voting by token holders. These include the decisions on how the liquidity of across chains and various amm will be distributed, as well as how treasury funds will be used (regular / irregular token buybacks from dex etc.). Voting serves as a recommendation or a veto, while implementation details are left to the core development team.
Graviton token is a universal quote token in AMM pools in different chains and on different amms. This increases volatility in the pools, with many swaps happening as a result. For each swap, the LP staker receives 0.3% of the commission passively for providing liquidity.
An additional motivation for LP stakers is the concept of reflection farming of the GTON token.
As a result of the large number of pools and chains with Graviton as the quote token, there is always a large number of arbitrage opportunities. Graviton services will also leverage these opportunities and distribute arbitrage profits among GTON holders.
Relay swap is a product that utilizes GTON for cross-chain swaps of native tokens. These operations generate fees, which are distributed among the GTON holders.
Governance stakers who vote for changes in the protocol receive regular payments through a yet undistributed GTON portion (short term) and generated commissions (long term).
Track record: 1. Neutrino Protocol, an interest bearing algorithmic stablecoin ($usdn and $nsbt), with $500 mln cap and $500 mln DeFI liquidity. 2. Gravity - crosschain oracles protocol (utilized within Graviton infrastructure).
Graviton started as a DAO, raised ~5 mln$ into treasury from 350 DAO foundation members. Early Birds allocation locked for 2 years with slow unlock. Team’s & Investors’ tokens locked for 1 year with gradual unlock.
Based on the past projects’ experience, the team has frequently encountered the lack of liquidity for tokens that are wrapped in another network or for projects outside of DeFi: old projects with CEX liquidity, CEX tokens, or new projects that have just started. Graviton is set to solve this issue once and for all.