Graviton propels SPIRIT into the multi-chain
SpiritSwap is pleased to announce a partnership with Graviton!
Graviton is a multichain DeFi solution that facilitates cross-chain capabilities for tokens. Not only does Graviton seamlessly wrap assets to make them available cross-chain, it also offers liquidity incentives through Graviton Catalyst. Its diverse infrastructure and partnerships with bridges, cross-chain wallets, and AMMs position Graviton to be the first bridge aggregator in the DeFi space.
Graviton and SpiritSwap have established a mutually beneficial relationship that will enhance the cross-chain DeFi experience for many users. One of SpiritSwap’s overarching objectives has been to bring assets and liquidity into the Fantom ecosystem. Graviton will be a valuable partner in achieving this goal by simplifying the process of wrapping tokens across other chains (such as Fantom) and establishing liquidity provisions for those assets.
Graviton is planning on launching a Catalyst program to incentivize SPIRIT liquidity on other chains. Furthermore, Catalyst will be used to incentivize a large variety of promising tokens on SpiritSwap.
SpiritSwap will be providing liquidity incentives for GTON and other cross-chain assets that perform well under the Catalyst incentives.
About Graviton
Graviton is a universal wrapped tokens’ liquidity incentivization solution that provides the technological foundation for seamless cross-chain communication and creates a reward-based economy around wrapped assets.
Graviton solves issues of complicated, multi-step user experience and insufficient liquidity of tokens wrapped in chains other than Ethereum. Its diverse infrastructure includes bridge aggregators, cross-chain wallets, and LP reward farming products.
About SpiritSwap
SpiritSwap (we) are a decentralized exchange (DEX) on the Fantom Opera Chain. SpiritSwap is a constant-product automated market maker (AMM). In an AMM, users can simply provide liquidity by depositing a token pair into a pool. In return, they receive LP tokens to track their share of the pool and they earn a fee for every swap that occurs in their pool. Users can trade against a liquidity pool to swap tokens.
Liquidity on SpiritSwap is incentivized through yield farming. Users can stake their SPIRIT-LP tokens to earn SPIRIT tokens (a valueless governance token). inSPIRIT tokens can be used to vote in the DAO on parameters such as emissions rates, farms to add, farm allocations, and future development. inSPIRIT token holders can also earn revenue from the SpiritSwap protocol.
SpiritSwap consistently maintains the highest volume on Fantom (2x volume relative to all DEXs) while maintaining a top tier TVL. With one of the most vibrant and welcoming communities, SpiritSwap is here to stay.
