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Grai GRAI

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1. Summary

Ranks

Liquidity
73
Developer
-
Social
71
Momentum (beta)
66
Stack Rankā„¢
-
Price
$0.97 -0.3%
Market Cap
$1.23M (#3604)
Supply
2.33M / 2.33M
Price
52W High price $0.99
52W High date 21st May 2024 (6 months ago)
All Time High (ATH) Date 27th Jul 2023 (1 year ago)
ATH Price $1.74
% From ATH -43.53%
All Time Low (ATL) Date 27th Jun 2023 (1 year ago)
ATL Price $0.74
% From ATL 33.1%
Supply & Trading Volume
Trading Volume (24h) $259,845.00
Total Supply 2.33M
Circulating Supply 2.33M
Description

Gravita Protocol

Gravita Protocol

Gravita Protocol is an ETH-centric borrowing protocol designed for liquid staking tokens (LSTs) and yield-generating assets. It allows users to borrow assets interest-free using liquid staking tokens as collateral.
GRAI is the debt token of the platform, which can be minted by depositing collateral on Gravita Protocol. The protocol's primary goal is to promote decentralization, particularly for Ethereum, by supporting high-quality minority LSTs.

Key Features

  • Interest-Free Borrowing: Users can borrow GRAI interest-free, with a one-time fee paid over 6 months.
  • Productive Collateral: Borrowing against LSTs still allows users to earn underlying staking rewards.
  • Decentralization: Supports a diverse range of LSTs to maintain separate positions for each and promote decentralization.

Protocol Mechanics

  • Vessels: Users can select a Vessel, deposit an asset as collateral, and borrow GRAI up to a maximum of 90% of the collateral value.
  • GRAI Token: GRAI can be redeemed for collateral, creating a hard price floor.
  • Governance Token: Gravita has plans to introduce a governance token, GRVT, which will be used for governance and may provide benefits such as boosted yields and reduced fees.

Governance and Security

  • Audits: Gravita has undergone security audits from industry leaders like Dedaub, Omniscia, and Hats.finance.
  • Community Engagement: Users can join the community to learn more about the governance token and receive updates on the platform.

GRAI Token

  • Token Functionality: GRAI is an over-collateralized debt token.
  • Value Mechanism: GRAI has a hard price ceiling and a hard price floor due to its redeemable structure.
2. Price

GRAI

2.1. Market Performance

How does Grai's (GRAI) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-0.6%

GRAI

-19.9%

Similar Market Cap

60 Day Return

0.3%

GRAI

-14.3%

Similar Market Cap

1 Year Return

0.2%

GRAI

316.9%

Similar Market Cap

3. Developer Activity

We're monitoring 5 Grai GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Grai Repos)

Commits vs. The Market

  • Past 4 weeks: 0 commits vs. an average of 1
  • Past 12 weeks: 0 commits vs. an average of 8
  • Past year: 0 commits vs. an average of 109

Most Active Repos

Past week
Past 12 weeks
Past year
Past week
Past 12 weeks
Past year
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Past 12 weeks
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Past week
Past 12 weeks
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Past 12 weeks
Past year

Top Developers 2024

In total, 0 developers have contributed to Grai over the past year. Who are the most active Grai developers, by commits, over the past year?

Related Projects

Developers working on Grai also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers
Active Reddit Users (past 24h)
Discord users
Active Discord Users
Telegram Users
Twitter followers 31,699
5. News

No recent news found.

7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://www.gravitaprotocol.com/
Explorer https://etherscan.io/token/0x15f74458aE0bFdAA1a96C...
Twitter @gravitaprotocol

What is the correct contract address for Grai?

Zksync 0x5fc44e95eaa48f9eb84be17bd3ac66b6a82af709
Ethereum 0x15f74458ae0bfdaa1a96ca1aa779d715cc1eefe4
Arbitrum-one 0x894134a25a5fac1c2c26f1d8fbf05111a3cb9487

Has Grai been audited for security?

No security audits found for this project.

Are you the owner of Grai? Edit it here

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