Gravita Protocol

Halal Rating :
Uncomfortable
Last Price $0.98 Last updated:
Rank 7908
1D Change -0.19 %
Market Cap -
Circulating supply 0
Maximum supply 1,744,524

Crypto Overview

Categories
  • Ethereum Ecosystem
  • Liquid Staking Derivatives

Purpose and Utility

Gravita Protocol is a decentralized lending platform built on Arbitrum that aims to create an over-collateralized stablecoin called GRAI. The protocol allows users to deposit supported collateral assets to mint GRAI tokens.

Business Model

The protocol generates revenue through liquidation fees and stability fees charged to users who mint GRAI. The model inherently involves lending and borrowing mechanisms, which are core to its functionality.

Real-World Adoption

As of early 2024, Gravita Protocol has achieved notable adoption metrics with over $20 million in Total Value Locked (TVL). The GRAI stablecoin maintains a relatively stable peg to the USD and is actively traded on decentralized exchanges.

Platform Development

The protocol shows ongoing development activity with regular updates to its smart contracts and user interface. The team maintains active communication through their official channels and documentation is regularly updated.

Token Distribution

The GRAI token is generated through user interactions with the protocol, rather than having a pre-mined supply distributed to founders. This aligns with a more decentralized and user-driven model.

Crypto Impact

To assign a comfort level investing in Gravita Protocol from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Gravita Protocol.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

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