Gravita Protocol Overview
- What is Gravita Protocol?
Gravita Protocol offers a decentralized way to borrow without interest using ETH liquid staking tokens (LST) as collateral. LSTs represent staked versions of cryptocurrencies. It promotes Ethereum's decentralization, focusing on minority liquid staking tokens, and introduces the GRAI stablecoin for borrowing up to 90% of the collateral's value. Gravita ensures non-custodial, transparent operations and plans to reward liquidity providers in the Stability Pool, with future governance token incentives.
- Main Features
- 0% interest rate for 2% one-time feeMulti-Collateral DesignDecentralized and TransparentHigh Loan-to-Value Ratio
- Blockchains
- Ethereum, Arbitrum, Polygon zkEVM, Linea, Optimism, ZkSync Era
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Frequently asked questions
- You deposit your LSTs as collateral.
- You borrow a portion of the value of your LSTs (depending on the LTV ratio).
- You don't pay interest on the borrowed funds.
- You pay a one-time borrowing fee upfront, with a potential partial refund if repaid within a specific timeframe.
A one-time borrowing fee is charged upfront on each new loan or increase in debt. Short-term borrowers can receive a partial refund on this fee if the loan is repaid within a specific timeframe (typically around 6 months).
The Stability Pool acts as a reserve of funds to ensure loan repayments in case of borrower defaults. All Gravita borrowing positions contribute to this pool.
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