Grai GRAI
1. Summary
- Price
-
$0.97 -0.3%
- Market Cap
- $1.23M (#3604)
- Supply
- 2.33M / 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.
| 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 |
GRAI
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
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
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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.
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 |
No recent news found.
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... |
| @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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