With the Gravity Finance IDO on the 19th May 2021, we would like to announce the details of our GFI farms and GFI QuickSwap (exchange) liquidity.

Immediately after the IDO is completed (20th May 2021 @ 6:30am UTC) both the Liquidity and Farms will be launched.

GFI Liquidity & Trading

The two initial QuickSwap pairs are as follows:

GFI-USDC pair:
10% of the IDO funds received (up to a maximum of 250k USDC) will be paired with an equal dollar-value of GFI, based on the price of the tokens purchased in the IDO (at the close of the purchase window).

This represents $500,000 worth of liquidity should the IDO raise $2,500,000 (or more) equivalent of WETH.

https://quickswap.exchange/#/add/0x2791Bca1f2de4661ED88A30C99A7a9449Aa84174/0x874e178A2f3f3F9d34db862453Cd756E7eAb0381

GFI-WETH pair
10% of the IDO funds received (up to a maximum of 80 WETH) will be paired with a maximum of 3,200,000 GFI, representing the price of the tokens purchased in the IDO (.000025 WETH)

This represents $560,000 worth of liquidity should the IDO raise a minimum of 800 WETH (assuming an ETH price of $3.5k)

https://quickswap.exchange/#/add/0x7ceB23fD6bC0adD59E62ac25578270cFf1b9f619/0x874e178A2f3f3F9d34db862453Cd756E7eAb0381

GFI holders will also be able to add liquidity to these two pools. When adding liquidity, you receive a pool token in return (an LP token). This pool token represents your proportion of the pool and it servers the following two functions;

  1. Earn GFI + the paired token, from trading fees generated by QuickSwap users.
  2. They can then be staked in one of our Gravity Farms to earn more GFI.

So GFI holders who add liquidity can benefit in two ways. Earn fees from QuickSwap and then earn more GFI by staking the LP tokens in the Gravity Farms.

Immediately after the liquidity pools are created, we will be releasing an announcement with the details and a tutorial.

GFI Yield Farms

The majority of the 860m GFI allocated to farms will be available when we launch our exchange (coming soon). At that time we will be adding around 10 Gravity LP staking farms (running for 52 weeks) plus several more single sided token staking (running for 26 weeks).

Our initial Farms are as follows:

GFI (Staking GFI to earn GFI)

  • Total of 100,000,000 GFI emitted over 16,416,000 blocks (approx. 57 weeks)
  • 6.091617934 GFI emitted per block (approx. every 2 seconds)
  • Launch date: 20th May 2021 @ 6:30am UTC (immediately after IDO)

GFI-USDC LP (Staking QuickSwap LP tokens to earn GFI)

  • Total of 70,000,000 GFI emitted over 2,304,000 blocks (approx. 8 weeks)
  • 30.38194444 GFI emitted per block (approx. every 2 seconds)
  • Launch date: 20th May 2021 @ 6:30am UTC (immediately after IDO)
  • Bonus Rewards: The first week will emit a x2 bonus!

GFI-WETH LP (Staking QuickSwap LP tokens to earn GFI)

  • Total of 70,000,000 GFI emitted over 2,304,000 blocks (approx. 8 weeks)
  • 30.38194444 GFI emitted per block (approx. every 2 seconds)
  • Launch date: 20th May 2021 @ 6:30am UTC (immediately after IDO)
  • Bonus Rewards: The first week will emit a x2 bonus!

SUSHI (staking SUSHI to earn GFI)

  • Total of 5,000,000 GFI emitted over 8,640,000 blocks (approx. 30 weeks)
  • 0.5787037037 GFI emitted per block (approx. every 2 seconds)
  • Launch date: 27th May 2021 @ 6:30am UTC

LINK (staking LINK to earn GFI)

  • Total of 5,000,000 GFI emitted over 8,640,000 blocks (approx. 30 weeks)
  • 0.5787037037 GFI emitted per block (approx. every 2 seconds)
  • Launch date: 27th May 2021 @ 6:30am UTC

Any GFI staked the farms above will not be eligible to earn platform fees (wETH) as the governance contract is not deployed yet. This will occur at the same time we launch our exchange and at that time alternate farms will be deployed which will be compatible with our Governance model (yet to be finalized )

Links

Medium: https://gravityfinance.medium.com

Twitter: https://twitter.com/Gravity_Finance (@Gravity_Finance)

Discord: https://discord.gg/fYAf4V3qXs