GFI meaning in Cryptocurrency ?

Cryptocurrency Miscellaneous in Cryptocurrency . 2 years ago

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Gravity Finance is a suite of DeFi products on the Polygon Network (previously Matic).

Current products include a Polygon Launchpad and Yield Farms. Production is underway on an AMM/Swaps Exchange, Vaults and Automated Investment Strategies, Derivatives Trading and other defi products.

GFI is the governance token for Gravity Finance. GFI holders will automatically be eligible to receive admin-fees from all of our defi products by simply holding GFI in their wallets, no need to stake tokens to earn fees. Admin fees will be paid-out as 50% ETH and 50% BTC through smart contracts. The ETH portion is available for GFI holders to claim at any time, whereas the BTC portion accrues in a smart contract forming the tokens intrinsic value, making GFI "backed by Bitcoin" through admin fees that GFI holders can redeem at any time through a GFI burn-function.

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Posted on 26 Apr 2022, this text provides information on Cryptocurrency related to Miscellaneous in Cryptocurrency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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