You are on page 1of 1

Lightpaper

Introduction to Graviton: DeFi Liquidity


Incentivization with a Seamless, Borderless
Inter-chain UX

VentuaryLab presents a novel inter-chain concept that combines a liquidity


incentivization system for wrapped tokens with a bridge aggregator as part
of its infrastructure.

Intro & issues of the DeFi Space


For the last three years, we at VentuaryLab have been observing the evolving Web3 space
and developing DeFi products, uncovering major constraints that hinder the truly borderless
inDeFi experience and liquidity growth.

Two years ago, VentuaryLab stood at the origins of USD Neutrino, or USDN (currently owned
and managed by Waves.Exchange), the first stablecoin on Waves. The past experience of
expanding Waves tokens beyond their native ecosystem involved researching other
networks in an effort to establish liquidity and traction there. Apart from tech-layer obstacles
connected with the necessity to provide a decentralised way of porting a Waves-based token
onto other networks, the inter-chain growth of tokens had been restrained by the
unwillingness of the new communities to acknowledge new products and give them
endorsement and initial liquidity.

It so happens that in the DeFi space of today, most opportunity lies with Ethereum. It
provides a vast range of DeFi solutions and has ample liquidity, albeit hindered by exorbitant
gas fees and frequent network congestion. However, in recent months many alternative
blockchain networks and ecosystems have shown remarkable progress and growth, offering
comparable or even superior services but significantly more affordable in terms of
transaction costs. It became obvious that DeFi is not limited to Ethereum, which only
preserves the dominance in this space by inertia. Nevertheless, the shift to alternative
networks is hampered by complicated, multi-step user experience and insufficient liquidity
of tokens wrapped in blockchains other than Ethereum, which is one of the key factors
influencing the prosperity of DeFi inter-chain.

During the past year, VentuaryLab has been focused on in-depth R&D in the field of
inter-chain communication. We have developed Gravity, a leading-edge technology that
establishes a solid foundation for multi-purpose inter-chain applications and gateways, such
as SuSy. One of the potential applications of such technologies can make it easy for the
regular users of Ethereum to seamlessly interact with DeFi services in other chains, while
remaining within the comfort of their existing accounts and tools they’re accustomed to.
Using our open-source developments, you can gain unhindered access to inter-chain DeFi,
or just test and see whether a certain blockchain ecosystem is in line with your individual
use case without having to buy native tokens on CEXes or install new wallets.

This past years’ experience contributed to the discovery of the most pressing DeFi industry
problems and ways of solving them.

First issue is, non-surprisingly, the fragmentation of DeFi communities. Due to the divided
nature of the DeFi industry, projects and services are largely isolated within their
ecosystems. This means that gaining traction and becoming noticeable outside the
boundaries of the native ecosystem requires a lot of efforts on behalf of the project’s
initiators.

Thus, a tool that would allow to kickstart tokenized projects in other networks could be
beneficial for the entire industry.

Second issue is the lack of cross-chain connectedness and seamlessness, which becomes
especially apparent when a newly wrapped token needs to gain traction in a destination
chain.

Graviton as a solution that opens new horizons


Graviton is a universal wrapped tokens’ liquidity incentivization solution that aggregates
multiple cross-chain bridges, provides seamless access to a diverse range of blockchains via
Ethereum mirror accounts, and creates a reward-based economy around wrapped assets.

Graviton unites the communities of different blockchain projects like chains, A s, farms, MM
tokens, and provides them with governance tools for boosting liquidity and increasing yield
generation for their favorite wrapped digital asset on the destination chain.

Under the hood


Gra it n c n i t
v o o s s s of:

Mega Bridge — cross chain bridge aggregator, such as multichain.xyz (evm - evm), ren
< >

(btc/doge - evm), gravity (solana/waves/polka - evm) and other bridges


< > < >

P
L incentivization solution that creates a reward-based economy around wrapped assets

Mirror accounts for Ethereum-account owners to let them effortlessly access a wide range
of alternative chains

The Graviton system, which will serve as an aggregator of multiple bridge solutions, would
allow for the expansion of the concept of wrapped tokens, ultimately being another
important step in achieving full inter-chain composability.

Reward-based economy around wrapped tokens


Incentives are what the Graviton system is driven by. Reward-based economy around L P
rewards farmed elsewhere is powered by GTON, Graviton’s governance token. GTON has
straightforward utility :
P
Selecting L tokens from pools with wrapped tokens to be included in the incentivisation
B
programs (Catalyst & oost), with the aim of increasing the liquidity and TVL of your
favorite project

As payment for fees to execute different operations within Graviton for instance wrapping
or unwrapping tokens

Token buyback via fees collected from trades and its redistribution among stakers

Governance tool to influence Graviton updates, new products and parameters, and
operational management

Tokenomics
21
The total supply of GTON is capped at million tokens. Its unlocking occurs according to a
slowly decaying, deflationary model. The original GTONs will first become claimable on the
Fantom blockchain, however by using , , multichain.xyz SuSy RenVM
or other bridges, the
holders of GTONs will be able to swap their claimed GTONs into other blockchain networks,
H W
such as BSC, Ethereum, eco, aves, Avalanche, Tron, Polka or Solana.

Treasury
Treasury is a multisig contract controlled by the team and the first supporters of Graviton,
selected among the top players of the DeFi space. Treasury stores all the undistributed
P
GTON allocations, L -GTON tokens and stablecoins deposited during the Early irds period B
to provide initial liquidity for GTON. In the strict sense, Treasury deposits are not
withdrawable. However, in case the holders of Graviton tokens vote to withdraw their
deposits via governance, the withdrawal can be arranged.

The deposit option is available for the initial supporters of Graviton willing to provide initial
liquidity for the GTON token and enable its price discovery early backers, or early birds. In —
order to achieve sustainable growth, the team is planning to seek contributions by strategic
partners and investors later, when the token has a price and a market cap.

Treasury serves as a GTON collateral and allows for price discovery prior to the start of the
token emission. It is also aimed to provide A MM
initial liquidity at the IDO stage which starts
right after the early-bird deposit period.

Allocations
The GTON allocation lineup includes several roles which are assigned with particular shares
of GTON total supply. They are indicated in the table below :

For all the roles within Graviton, there will be token vesting according to the schedule.

Vesting/unlock curve:

B
Early birds will receive tokens right after the end of E via daily tranches, according t o

a decaying unlocking formula 1st week :


, 1st year :
, et 5% : 75% c

Core contributors —
those who are involved with the project development e.g. project
founder, developers, multisig signers, as well as investment, technical, and legal advisors, will
B
also have vesting identical to E formula, which starts in three months after the end of E .

B
PB
In addition, there are allocations for L , ackers, and Operations. LPs are allocations for
incentivization of wrapped tokens via reward programs such as Catalyst & oost. ps B O —
these are infrastructure investments (oracles/bridges), airdrops, bug bounties, audits and
ambassadors. Backers is a special allocation for single sided IDOs and GTON initial liquidity
for IDOs.

All of those allocations are locked in the Treasury indefinitely and will be unlocked in small
portions for growth and engagement purposes identified by team, governance and multisig.

EB
To work as an incentivization instrument, the token should have liquidity, volumes, and
attractiveness for traders from the beginning.

Early birds, also dubbed as early backers, are the early supporters of the Graviton system
participating in accumulation of the initial liquidity in stablecoins as a financial foundation
for GTON tokenomics.

Early-bird period lasts for 2 weeks before the launch

Allocation — 10 %

Liquidity is supplied to the Treasury contract based on Gnosis Safe Multisig


B
At the end of the E stage, the initial capitalisation is established and a starting price is
determined via a price discovery approach before the token is listed on DEX A s. Thus, MM
GTON token will instantly gain liquidity volume and attractiveness for traders.

At its core, Graviton treasury uses Ethereum as a primary blockchain, with a range of 8

preselected liquid USD-pegged stablecoins. Treasury early backers (or, as we call them, early
birds) can deposit a stablecoin into the treasury by transferring it to a multisig contract
based on Gnosis Safe. As soon as the event of the deposit happens, it is registered by the
oracles of the Gravity network and transmitted to the farm smart contract on the Fantom
blockchain.

In the smart contract system on the Fantom network, the addresses of early backers from
Ethereum are mapped and their current impact is recorded in the Treasury. For each
“ ”

blockchain time interval, a new share of Graviton tokens ( GTON) is being unlocked and $

proportionally distributed among the early backers. At the end of the early-bird period, the
impact of each early-bird contributor is calculated, which is proportional to the amount of
deposited stablecoins.

Impacts represent the contributors’ shares of the early-bird allocation, i.e. how many GTONs
will be allocated to them.
Let’s say Treasury contains $2 mln in stablecoins.

A contributor’s deposit is $100 к.

The contributor receives ($100k/$2mln)*2.1mln GTON = 105k GTON.

Early backers vs LPs


B
What are the advantages of being E versus a regular liquidity provider?

Early birds determine the initial GTON price and its capitalization. eing directly involved B
with the price discovery process, they receive the most optimal price offer for GTON. E s can B
access the best conditions with the highest upside potential. oreover, E s receive a M B
guaranteed and undiluted amount of GTON throughout the whole unlocking period.

P
In contrast, being an L provider implies participation in the constantly launching
time-limited Catalyst programs. Graviton is not a classical farm, there are no popular pairs
B BB
like ETH/USDT, N / USD as on other farms. Instead, Graviton focuses on the emerging and
growing projects and their tokens, currently having liquidity only on one chain, such as
B
Ethereum, Solana, SC, Waves, or Fantom. Liquidity incentivization programs are limited in
time (1–2 weeks) and aimed primarily at the initial bootstrapping of a project in its
non-native chains, rather than a long-term farming solution with a free token distribution.

P
Therefore, L farming on Graviton should not be considered a long-term passive income
source. The approach of temporary liquidity boosting campaigns requires agile
management of funds and monitoring of the market situation to shift between A s for L MM P
when the time is right. On the contrary, while contributing to the Treasury as E , the B
generated yield can be deemed a long-term return on a deposit.

SPI
P P
S I is a token allocation assigned for Strategic artners & Investors. This category can involve :
Blockchain ecosystems: Fantom, Waves, Binance Smart Chain, Ethereum, Solana, Polygon,
Avalanche, Polkadot, Heco etc.

VC and labs of CEXes

VCs with inhouse market making teams

VCs seeking opportunities to increase the liquidity of their supported projects (via Catalyst
program)

lockchain protocols, ecosystems, A MM


s, farms and other projects which join us in our goal to
ensure liquidity of all tokens in various ecosystems and create user-friendly cross-chain
experience

P
All S I deals will be announced and made after the early-bird period is completed. For such
kind of investment deals, having a market cap evaluation is crucial, which will be established
after the conclusion of the early-bird period and the beginning of the GTON circulation. S Is P
have the same vesting period and the unlocking occurs by the same formula as for early
birds, starting in two weeks after the deal is closed. S I deals can be made within one orP
several years since the start of Graviton.

Catalyst & Boost


Graviton Catalyst is a platform that offers primary incentives and sustainable support for
wrapped tokens’ liquidity provision. Graviton Catalyst can help a variety of tokenized
blockchain projects, such as protocols, A MM
s and farms, to expand onto non-native
networks incorporated into Graviton by incentivizing liquidity and drawing communities’
attention across ecosystems. The communities of participating projects are invited to get
involved in short-term and middle-term programs that incentivize bootstrapping of liquidity
for recently emerged wrapped tokens by providing extra L rewards. Those who enter the P
P
pools as L s, Graviton rewards with GTON.

The Catalyst programs are limited in time by two to three weeks, and reweighting of the L P
rewards’ allocation points occurs every week. For rewarding liquidity providers under the
12
Catalyst program, % of the total GTON supply is allocated. embers of a community can M
stake their GTON into governance to nominate their favorite project for participation in the
Graviton Catalyst program and increase the staking yield of its L tokens.

P
Once a project finishes participating in the Catalyst program, the incentivization for a
P
particular L token can be reinstated through the Graviton Boost program, in case of
continued interest on behalf of the community.

Leveraging the already established integrations with A s, bridge solutions, and MM


blockchain networks, Graviton will evolve organically through inbound integrations and
P
partnerships. Establishing S I deals with large ecosystem players will help in boosting
liquidity and onboarding new projects to Catalyst. Due to its blockchain- and
bridge-agnostic approach, Graviton aims to become a universal hub for inter-chain liquidity
and activity.

Confidential and proprietary. © by VenLab | All rights reserved | 2021 Twitter Medium Telegram

You might also like