Sometimes we all need some Gravity! Meet the new platform with sky-rocketing profits
Now I can finally reveal a secret that we’ve been keeping for so long! The SpaceSwap team has launched a brand new project within its ecosystem. It’s called Gravity’. Yeah, sometimes we all need to land our spaceship at a station and get some oxygen and stability.
I’ve always wondered how cool it would be to offer both newcomers and experienced space cowboys a place where they can all hang out and get some additional stable profits. So while they are doing the whole “Tour de force” in open space, there should be a cosy cosmic station where they can go to get grounded, recharge and make some stable profits. That’s how the idea of Gravity came to my mind.
What is Gravity?
It is a platform created for yield farming. Gravity is aimed at bringing stablecoin prices closer to their peg.
To date, there are 5 stablecoins presented on the platform:
- DAI
- USDT
- USDC
- sUSD
- USDQ
Gravity has its own smart contract. We decided by consensus that MILK2 should be issued within the Gravity system, as voted for collectively in a community vote.
When a certain coin falls in value, APY rates change immediately. The farming scheme lies in the fact that below-peg stablecoin pools are more rewarding than above-peg ones. This motivates people to sell their above-peg stablecoins and buy below-peg ones. The Gravity system was hence developed to maintain the stable price of the coins.
How were the initial pools chosen?
Like I’ve already mentioned before, all important decisions within the SpaceSwap platform are made with the help of the Galaxy voting system. That’s the core idea underpinning the whole SpaceSwap ecosystem.
The initial Gravity pools were put to a vote and chosen by the community:
https://snapshot.page/#/spaceswap/proposal/QmdjD2Uhf7y5AZzQqr9zjk4rstGtewCo5UCQvHnC3JiCct
The list of pools on the Gravity platform:
These are all Uniswap pairs with high APY rates, starting at 105%.
Benefits of Gravity
- MILK2 generation
This platform generates another portion of MILK2 within the SpaeSwap ecosystem.
2. Only stablecoins presented
Gravity presents the main stablecoins, including DAI,USDT, USDC, sUSDand USDQ, so holders won’t meet any volatility risks.
3. High APY
The APY rates are high, making the pools as profitable as those on the SpaceSwap Interstellar platform.
4. Community voting for pools
The team from the project has already stated that all the important decisions within the SpaceSwap system are made by the holders. This is true for Gravity too.
As you see, Gravity is cool both for newcomers and experienced holders. It’s a place that recreates the nerve cells of our community, as well as ours. We raise the level of trust within the platform, making our products stable and valuable. Our holders need not fear the loss of their finances. What a win-win!
If you have any fresh ideas or suggestions concerning the upcoming votes, just click on any link below and contact the SpaceSwap team:
Telegram: t.me/SpaceSwap
Twitter: https://twitter.com/spaceswapdefi
Blog: https://blog.spaceswap.app/
Discord: https://discord.gg/r6RymJj
WeChat channel invitation via manager:
