Gravity Finance $GFI

Gravity Finance is a comprehensive DeFi suite that provides access to a variety of financial services on the Polygon Network, formerly known as Matic. The suite includes a Polygon Launchpad and Yield Farms, with ongoing development of an AMM/Swaps Exchange, Vaults, Automated Investment Strategies, Derivatives Trading, and other DeFi products.

GFI: The Gravity Finance Governance Token

The GFI token serves as the governance token for the Gravity Finance suite. By simply holding GFI in their wallets, token holders become eligible to receive admin fees from all Gravity Finance DeFi products, eliminating the need for staking tokens to earn these fees.

Fee Distribution

Admin fees are paid out as a combination of 50% ETH and 50% BTC via smart contracts. GFI holders can claim the ETH portion at any time, providing immediate potential returns on their holdings.

GFI Backed by Bitcoin

The BTC portion of the admin fees forms a unique aspect of the GFI's value proposition. These fees accrue in a smart contract, effectively making the GFI token "backed by Bitcoin". This backing provides an intrinsic value to the GFI token, as holders have the opportunity to redeem their GFI for Bitcoin at any time using a GFI burn-function. This mechanism allows GFI holders to benefit from Bitcoin's market performance directly through their GFI holdings.