Graviton Partners With Bonded To Expand Multichain Reach And DeFi Utility For Altcoins
Dubai, UAE, 10th September, 2021,
The collaboration between Graviton and Bonded opens up new opportunities in DeFi for a variety of tokenized projects and allows for the expansive growth of their tokens’ liquidity and utility.
Graviton is happy to announce the partership with Bonded Finance, a leading platform with smart instruments and decentralised financial products for digital assets. Bonded was created to incubate and deploy experimental, high-yield, smart-contract-driven financial instruments that push the bounds of open finance.
Bonded’s aim is to bridge the gap between established and nascent altcoin projects and provide equal opportunities in DeFi. Bonded allows for newly-emerged but well-capitalized projects with solid volume and price histories to partake in lending/borrowing protocols and uncover their potential in DeFi. Within the Bonded platform, borrowers can provide collateral for hundreds of low-liquidity altcoins and thus increase their utility and, subsequently, capitalization.
For its part, Graviton provides incentivization tools for such projects to stimulate liquidity growth and simplify the entrance into new ecosystems for their communities.
Each such liquidity incentivization program in Graviton called Catalyst is similar to a traditional yield farm, albeit with two significant feature differences: First, the farming periods are limited in time. Users can submit their accrued LP rewards into Catalyst for up to 2 weeks. Second, these farms use a so-called Reflection Farming model: Users receive rewards in GTON, Graviton’s governance token, simply for holding LPs coming from pools containing GTON and any other base token. Therefore, all IDOs on Impossible Finance will be automatically qualified to participate in Graviton Catalyst farming on both EVM and non-EVM chains.
Our partnership aims to jointly increase growth opportunities for new projects and provide easy-to-use tools for increased liquidity in combination. The collaboration will help to build up the diversified growth strategies for hundreds of altcoins.
Our $BOND token will be qualified for GTON farming on all chains automatically during the beta stage of the Graviton Catalyst programs. At the same time, $GTON will become available as a collateral for stablecoin borrowers on the Bonded platform.
“We believe that DeFi is not limited to Ethereum nor to the top-20 list of the Coinmarketcap. We see a huge untapped potential in the diversity of low-cap projects which haven’t yet managed to unveil their capabilities and strength due to the current market fragmentation and disparity. Together with Bonded, we’ll be able to give a head start to such projects.” said Alex P, Co-Founder of Graviton DAO.
The Bonded platform was created to incubate and deploy experimental, high-yield, smart-contract-driven financial instruments that push the bounds of open finance. Bonded has an institutionally-grade model that aims to unlock, aggregate, and de-risk ~50 billion in dormant value distributed amongst untapped digital assets by allowing supporters of qualifying altcoin projects the opportunity to leverage assets and realize their value.
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Graviton is an approach to boosting multichain liquidity and usability via Relay Token & Reflection Farming. The governance of the project implemented by Graviton-DAO.
$GTON currently exists on Ethereum, Polygon, Fantom, Avalanche, Heco, xDAI, Solana and BSC.
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- Olga Kosareva
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