Last week, we shared that Liquis will be onboarding launch partners to help bootstrap its protocol at launch. We’re delighted to highlight the first of our partners today: Gravita!
About Gravita
Gravita Protocol is a friendly Liquity fork allowing users to borrow GRAI against yield generating assets. Like Liquity, loans on Gravita are always interest-free: GRAI is a token with similar volatility dampening mechanism as LUSD, with a standard 0.5% borrowing fee that is charged upfront on each new debt (or debt increase).
Gravita differs from Liquity in two primary ways:
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Minting fees are refunded pro-rata to users who pay off their debt between one week and six months after minting their debt
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Users can mint or redeem GRAI against any one of the multiple LST collateral assets onboarded to the protocol
Gravita further accepts bonded LUSD, bLUSD, as enshrined collateral, with a maximum LTV of 99% permitted and no liquidation risk.
Gravita as a Launch Partner
Gravita is a newcomer low-volatility asset tracking USD and thus is in need of deep secondary liquidity for GRAI. They identified the concentrated liquidity available on Uniswap v3 as an efficient solution and have already invested into the Bunni ecosystem to further scale their strategy.
With Liquis, GRAI liquidity providers will benefit from boosted Bunni emissions regardless of their veLIT holdings, as well as any additional LIQ subsidies on top.
MajeStyle, who oversees Growth and Strategy at Gravita, had the following to say about the decision to partner with Liquis:
The decision to partner with Liquis was a natural progression of our liquidity strategy, which relies on Bunni to enable new use-cases for GRAI holders, as well as adding value for liquidity providers. Gravita’s GRAI/USDC & swETH/GRAI pools on Bunni represent around 15% of Bunni TVL, highlighting the remarkable synergies between our protocols as well as signaling a vote of confidence from Bunni’s users and liquidity providers for GRAI.
Since the beginning of our collaboration with Bunni, we immediately saw how a liquid wrapper for veLIT, similar to Convex for Curve or Aura for Balancer, could bring the attractiveness of their offering to the next level. Our excitement for Liquis to boost oLIT emissions and to simplify the liquidity provider experience aligns perfectly with our commitment to maximizing capital efficiency and providing added value to our users.
By collaborating with Liquis on its launch, we are not only enhancing the utility of our GRAI token but also opening up new possibilities for our users. The ability to stake Bunni range tokens with Liquis is a game-changer, offering our users a simple and effective way to further manage their liquidity positions. Moreover, our participation in the Liquis Launch Partner Program underscores our commitment to collaborative growth within the DeFi space. We believe that by working together with other innovative projects, we can push the boundaries of what is possible and create a more inclusive and efficient financial system.
We are excited about the potential of this partnership and look forward to seeing how it will benefit our users and the wider DeFi community.
Learn More about Gravita
Check out the following resources to better understand Gravita and GRAI:
The primary Gravita protocol interface can be found here.
Keep Up to Speed with Liquis
Liquis is set to begin its 28 day Pre-Launch Program shortly on August 2nd at 0:00 UTC. Users will be able to earn a portion of the 2,000,000 LIQ set aside for early adopters of our liqLIT liquid wrapper.
If you’re interested in learning more about Liquis or joining us as a launch partner, feel free to reach out either on Twitter or Discord!