Graviton partners with SpookySwap to expand cross-chain reach
The close collaboration of Graviton and SpookySwap will bring tokens from outside Fantom onto SpookySwap, wrap the BOO token onto other networks through decentralized bridges, and launch new farms for GTON.
We are thrilled to announce a collaboration between Graviton and SpookySwap.
Graviton’s infrastructure allows for wrapping tokens and creates incentives for liquidity providers. As a result of this partnership, the attractive ecosystem of SpookySwap will become accessible for communities of other blockchains.
Stimulating the inflow of wrapped tokens’ liquidity through Graviton is quite straightforward. Holders will be able to wrap SOL, MATIC, AVAX, BUSD tokens and tens of other popular ones, put them into pools on SpookySwap and submit the received LP rewards in one of the Graviton Catalyst programs.
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.
SpookySwap has integrated wrapping via Multichain.xyz, however partnering with Graviton will allow for operations with tokens from non-EVM chains.
The collaboration of the two projects implies that the lucrative conditions for farming will be provided from both sides so the returns can be more than doubled for liquidity providers.
Another part of the partnership entails porting BOO, the governance token for SpookySwap, and boosting its liquidity on chains outside Fantom. Boo will become transferable to a variety of blockchains through Megabridge — Graviton’s bridge aggregator with a single interface for cross-chain decentralised gateways.
The two projects also agreed to collaborate on helping GTON gain more popularity within the SpookySwap’s community. A GTON/FTM pool will be launched this month following a voting of the SpookySwap community, and several more pools are currently in discussion.
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.
SpookySwap is an automated market-making (AMM) decentralized exchange (DEX) on the Fantom Opera network. SpookySwap’s main goal is a trader-first, community-governed DEX. To achieve the trader focused goal, since launch, they have added limit orders and plan to add trading charts, order history and more. A fully functional DAO will allow for the community to decide on the direction of Farms and other features. All of this done with gas costs of a fraction of a cent.