Fantom and Graviton Aim to Stimulate Mass Adoption of Cross-Chain DeFi
Graviton partners with Fantom to join efforts in fostering robust technological foundations for cross-chain DeFi and stimulating the growth of liquidity of wrapped assets originating from the Fantom network.
Graviton’s aim is to grow cross-chain tokens’ value. It can identify where fragmentation of blockchain ecosystems lies and resolve the lack of inter-chain communication between different products and services, which is one of the strongest barriers to mass adoption of crypto. To solve that, Graviton is developing Megabridge, a bridge aggregator allowing to easily port tokens onto other EVM or non-EVM networks, while Graviton Catalyst — a farming program for wrapped assets — provides incentives to liquidity provision on AMMs on the destination chains.
As part of the partnership with Fantom, Graviton will include LP rewards of the pools containing wrapped versions of the Fantom-native tokens in the first batch of Catalyst programs. Catalyst is currently in testing and will be launched within several weeks.
Participation in Catalyst provides additional LP incentives in GTON, Graviton’s governance token, across multiple chains and will encourage the allocation of resources into the Fantom ecosystem, bringing more liquidity. In addition, Graviton will focus on stimulating liquidity inflows of the promising tokens into the Fantom ecosystem.
It is also important to mention that Graviton itself utilises Fantom smart contract infrastructure as the basis for Catalyst, meaning that the incentivisation of wrapped assets’ activity around Fantom will logically enhance the synergetic effects of collaboration.
This partnership is bound to be beneficial to the Fantom ecosystem, exposing FTM, fUSDT and other tokens native to Fantom to external audiences, while also increasing the value behind wrapped assets.
As deeper integrations are introduced, it becomes easier for Fantom users to interact with other ecosystems, as well as make the tokens originated on Fantom more accessible to communities of other blockchains and a stronger network effect will lead to growth for all blockchains involved.
“Collaborating with Graviton will help Fantom to expand its ecosystem and effectively port tokens to other chains and a wide range of AMMs, both tier-one and middle-sized. FTM will also become more attractive for users on other platforms because Graviton will provide easy access to wrapped versions of these tokens.” — Michael Kong — Fantom CEO.
“This is really a first-of-its-kind partnership in cross-chain DeFi, and the full scope of it can go way beyond what is initially planned,” adds Aleksei Pupyshev, founder of Graviton. “I think our collaboration will become a roadmap for many future projects to follow.”
Graviton is a universal wrapped tokens’ liquidity incentivization solution that provides the technological foundation for seamless cross-chain communication and creates a reward-based economy around wrapped assets.
Graviton solves issues of complicated, multi-step user experience and insufficient liquidity of tokens wrapped in chains other than Ethereum. Its diverse infrastructure includes bridge aggregators, cross-chain wallets, and LP reward farming products.
Fantom is a fast, scalable, and secure layer-1 EVM-compatible platform built on a permissionless aBFT consensus protocol. On Fantom, transactions are confirmed in 1 second and cost a fraction of a cent. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use-cases.