For the last couple of months, we’ve been developing this unique project aimed at bringing additional stability to the system and giving holders the chance to earn more, while also maintaining the stable price of the coins.
What is Gravity?
It is a platform created for yield farming. Gravity aims to bring 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. MILK2 is issued from within the Gravity system on the basis of the community vote, which was launched on 6th October. The voting lasted for 2 days ending on 8th October and resulted in 100% “FOR” votes - which is a record so far.
https://snapshot.page/#/spaceswap/proposal/QmdjD2Uhf7y5AZzQqr9zjk4rstGtewCo5UCQvHnC3JiCct
The Gravity core mechanism
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 has been developed in this way to maintain the stable price of the coins.
The list of pools on the Gravity platform
The pools were also chosen in accordance with the voting that took place on 6th October. These are all Uniswap pairs with high APY rates, starting at 105%:
USDC/ETH
USDT/ETH
DAI/ETH
SUSD/ETH
USDQ/ETH
USDC/USDT
DAI/USDT
DAI/USDC
USDQ/USDT
Benefits of Gravity
1. 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, sUSD and 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 SpaceSwap’s Interstellar platform.
4. Community voting for pools
The team from the project has already stated that all important decisions pertaining to the SpaceSwap system are made by the holders. This is true for Gravity too.
We’ve created a great platform that suits both newcomers and experienced holders who want to go after stable profits and amazing financial results. It’s main motto is, “minimum risks and maximum profits”.
Open the MILK2-ETH pool on Uniswap and click on the ‘Trade’ button to buy MILK instantly.
For more information, check out GitHub or contact the SpaceSwap team:
https://spaceswap.app/
Telegram: t.me/SpaceSwap
Twitter: https://twitter.com/spaceswapdefi
Blog: https://blog.spaceswap.app/
Discord: https://discord.gg/r6RymJj
WeChat channel invitation via manager:
