Graviton partners with deBridge to expand multichain reach for emerging projects
The collaboration between Graviton and deBridge will include incentivising the liquidity of deBridge wrapped assets across blockchain networks via the Graviton Catalyst Farming program .
Graviton announces an integration and partnership with deBridge, a universal cross-chain interoperability bridge infrastructure based on ChainLink decentralized oracle network (DON) tech.
Graviton is focusing on simplifying cross-chain experience and incentivisation of liquidity growth for blockchain networks, AMM DEXs and partnering projects. Therefore, it’s important to work closely with deBridge to facilitate the cross-chain interoperability capabilities that we look to implement.
The collaboration between Graviton and deBridge will begin with incentivizing the growth of liquidity for deBridge wrapped assets across blockchain networks via the Graviton Catalyst Farming program. The collaboration will expand to additional cross-chain interoperability use cases later on as we see demand for infrastructure in other areas.
This integration provides opportunities to the emerging projects launching on the deBridge platform to receive access to the audience of a wide variety of chains and AMMs integrated in Graviton and boost their liquidity growth with Catalyst –farming programs for LP providers with allocations in GTON. Liquidity is crucial to bootstrap network growth and we want this collaboration to boost the adoption and development for projects.
Each Catalyst program is similar to a traditional yield farm, albeit with two distinct features. Firstly, the farms are limited in time: users submit their accrued LP rewards into Catalyst for a certain period of time (up to 2 weeks) that will be available for liquidity providers. Secondly, the farms work by the Reflection Farming model where users receive rewards in GTON, (Graviton governance token), simply for holding LPs coming from pools containing GTON and any other base token. This means that all wrapped assets from deBridge will be automatically qualified to the Graviton Catalyst farming program on both EVM and Non-EVM chains. This is exciting as it brings additional yield opportunities for users.
We have noticed that deBridge and Graviton have a great intersection of early users and adopters who were the ones that truly pushed for this collaboration to take place. That’s intriguing to see how the communities see clear value-adds and synergies between the projects, and how we can work together to provide new capabilities and features to multichain DeFi.
“We have known the founding team at deBridge for a long time and it’s a pleasure to start working closely on a common issue with the multichain DeFi sphere: trusted, secure and decentralized bridges. deBridge is focusing on everything related to cross-chain interoperability while we’ll provide additional incentives to use these respective bridges and to transfer liquidity across blockchain networks” — Alex P. Co-Founder of Graviton-DAO
deBridge is — a cross-chain interoperability and liquidity transfer protocol that allows truly decentralized transfer of assets between various blockchains. deBridge protocol is an infrastructure platform and a hooking service which aims to become a standard for:
– cross-chain composability of smart contracts
– cross-chain swaps
– bridging of any arbitrary asset
– bridging of NFTs
deBridge — a cross-chain interoperability and liquidity transfer protocol that allows truly decentralized transfer of assets between various blockchains. The cross-chain intercommunication of deBridge smart contracts is powered by the network of independent oracles/validators which are elected by deBridge governance.
Graviton is an approach to boosting #multichain liquidity and usability via Relay Token & Reflection Farming. The governance of the project implemented by Graviton-DAO.
$GTON currently exists on Ethereum, Polygon, Fantom, Avalanche, Heco, xDAI, Solana and BSC.