Graviton partners with Cryption Network to expand cross-chain reach
The close collaboration of Graviton and Cryption Network will interconnect $GTON and $CNT tokens and foster the expansion of the two ecosystems.
We are thrilled to announce a collaboration between Graviton and Cryption Network aimed to improve the overall user experience in multichain DeFi, bringing benefits to the communities of both projects along the way.
Cryption Network is a Defi platform that provides an accessible user experience for crypto users and allows for swapping, farming, investing in or predicting the behavior of digital assets via DeFi 2.0 services which include mobile wallets, staking products, and an AMM DEX. All these services are united by the same global mission to foster the adoption of DeFi for regular users.
Having such a wide line of products, Cryption becomes a strategic partner for Graviton that will help $GTON expand by being featured within the Cryption ecosystem. $GTON will be listed on PolyDex and the dApps of Graviton will be included in the Cryption app, the mobile wallet application. It is also planned to launch a $GTON/$CNT farm pair with rewards paid out in $GTON and $CNT.
In turn, Graviton will list $GTON/$CNT pairs in Catalyst with a dedicated allocation in $GTON as a reward token.
Each such Catalyst program is similar to a traditional yield farm, albeit limited in time: users submit their accrued LP rewards into Catalyst for a certain period of time (up to 2 weeks) and receive rewards in GTON, Graviton governance token, simply for holding these LPs. The key feature of the Catalyst programs which distinguishes them from standard farms is that Catalyst only incentivizes liquidity for wrapped tokens.
Apart from that, the Cryption team will be considering the bridging of $GNT onto other networks with the help of the Graviton core team. As a side note: Graviton’s roadmap includes the development of Megabridge, a bridge aggregator, integrating the best existing bridge solutions such as multichain.xyz, Wormhole, Ren.VM and Susy network.
Besides that, Graviton and Cryption Network will work together to facilitate the adoption of DeFi from the perspective of improving the existing user-experience and also stimulating the usage of new, emerging projects. The capabilities of the two projects can allow for bootstrapping the new projects and their tokens’ liquidity, if implemented in combination.
The both teams have agreed to contribute to the mutual growth, including cross-promotion and liquidity incentivization. As a result of this partnership, the Graviton’s supported partners will get access to the Cryption network, and vice versa.
Graviton is a multichain liquidity and usability enhancing protocol providing relay swaps infrastructure and farming solutions. The governance of the project is implemented by Graviton DAO. $GTON currently exists on Ethereum, Polygon, Fantom, Avalanche, Heco, xDAI, Solana, and BSC.
About Сryption Network
Cryption aims to make the onboarding process simpler for retail users. We offer a suite of user-friendly products to facilitate crypto adoption and provide the best service possible. Cryption Network helps to simplify the crypto ecosystem without diminishing its value. Cryption offers:
- PolyDEX — L2 Swap
- Elastic Farming
- Deflation of CNT
- Cryption App
- Non-Custodial Portfolio Management
- Ether Rush
- DeFi Stack