Gravity Finance
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Gravity Finance Announcement Channel
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Just posted a little thread on Twitter about emissions ending and how GFI holders earnings will be generated in the future (through admin fees not emissions).
The thread also goes into Silos, giving some more info about what Silos can do and how we expect them to change the face of DEFi.

Please share / retweet etc, and tag people who you think might find it interesting.

https://twitter.com/Gravity_Finance/status/1533393522098851841
Gravity Finance are a part of the Polygon Alliance, a group of projects and project-founders who are trying to bring more attention to Polygon chain and build a better ecosystem for everyone.

The Polygon Alliance have been arranging a Metaverse hosted, NFT Charity Auction for Lets F Cancer charity.
The event starts at 1pm EST, but you can join the Metaverse space any time and bid on the NFT's any time.
https://twitter.com/Gravity_Finance/status/1534929328647159808?s=20&t=B1jRfkQJIjwPgocgYcsiBA
Morning everyone!

We're announcing a new partnership between Gravity Finance and CypherD, a US-based tech company with their own multi-chain wallet, a cross-chain bridge, and for US based users, a world-first non-custodial crypto Debit Card!

To celebrate our new partnership, CypherD are hosting an on-boarding incentive, full details on Medium post here: https://gravityfinance.medium.com/cypherd-wallet-a8edf4d565cf
BitKeep, the largest wallet in Asia, has added support for Gravity Finance!!

https://twitter.com/BitKeepDaily/status/1539887171859267584
Coinhub have now also added Gravity Finance support on their wallet!
https://twitter.com/Coinhub_Wallet/status/1540264566906449921
Hello @everyone First, my apologies, TG does not get updated anywhere near enough, I will try to post more here when we have updates and info!
We are ALWAYS around and always working, I highly recommend joining the Discord community simply because the Discord is more active and gets slightly more regular updates...

Secondly, just wanted to post a quick update as to where we are at the moment with dev work.

We have been doing lots of testing with the current version of Silos, we're pretty happy with how its all working.
We are making some minor changes to a new function we've added which will allow for automated unwinding of strategies where there are restrictions in place by the underlying platform (Gains, for example, you can only withdraw 25% (of your max-stake) per day, meaning it takes a full 4-days to exit a Gains Dai Vault. During testing, we've been exiting manually (hitting Exit Strategy each day) to pull-out the 25%, but we're now testing this new function to automate the unwind which will basically trigger "Exit" once every ~24 hours

Lots of quality of life updates to Silos, being able to Pause a strategy for example, so that the keepers network skips it when upkeeping a users silos. This will be useful for DCAin-type strategies that we will build out.

We are working hard on this right now and hope to start the next beta this week, asap, we will update with more info as soon as I can.
FYI - The next Beta will likely run for a few days to the Beta-Tester group, and then we will likely invite other project developers to join as well. Then from there, assuming all going well, we will likely open it up to the rest of the Gravity Community via Discord and TG.

We're pretty confident that we're in the final stages of development on the core product now (assuming the Beta Testing all goes well and nothing new comes up).
There is Planned Maintenance on 13th August between 11:00 - 14:00 (GMT+8) on our API Server
The main site will remain online, but users may see some errors in the data displayed, i.e. GFI Data, Farms, Vaults, Silos (for our Beta testers) as a lot of this info is served through API

We expect down-time to only be ~30 minutes once maintenance starts
Happy to say we've just published a new article on Matic News about our Silos product.
https://twitter.com/maticnews_com/status/1567879730761764864

Have a look, share, like, tag people who you think might find it interesting :D
Article is long, but worth the read!

Also a competition to make a piece of Artwork for the Silo NFTs so if you're an artist and have some ideas there's prizes up for grabs :)
We're running a small competition to create the Silo NFT Artwork.
If you're an artist or just want to have a go at designing something please have a look and enter.

More info in the Matic News article, link in the tweet
https://twitter.com/Gravity_Finance/status/1569980706876432385
We've had some really good entries for the Silo Art Comp, a few days left to enter.
https://twitter.com/Gravity_Finance/status/1580896451143471104

Voting will be conducted on the Discord server, if you've part of the community but not on Discord, highly recommend you come over there and get involved :)
Last call for Entries to the Silo Art Comp
https://twitter.com/Gravity_Finance/status/1581740446061334528
Just a reminder to everyone that Dukey will be presenting this weekend (Saturday 19th) at the Aussie Crypto Roadshow.
Gravity will also have a booth at the Roadshow where people can talk directly with Dukey and Matt.
Dukey will be presenting Gravity Finance on stage in the morning and the afternoon, talking about the project in general and Silos in detail.
Some more info here about how to get tickets (free) as well as the after party https://www.maticnews.com/posts/gravity-finance-presenting-at-aussie-crypto-roadshow

Roadshow is in Perth 19th Nov, if you can make it there make sure to stop by the Gravity Booth and say hello to Dukey!
February is going to be a very busy time for Gravity!
We have a month full of announcements planned including a capital raise, new partnerships and multiple product launches.

As part of these partnerships and announcements that will follow throughout the month, we have agreed to allocate a substantial amount of GFI from the promotions allocation. This decision was not taken lightly and we strongly believe it's in the best interests of the project and GFI token holders in the short and long term.

In preparation for settling these partnerships, we will be moving the allocated GFI tokens out of the Promo wallet into new multisig wallet(s) controlled by the Gravity Founders.

All GFI tokens being moved into multisig wallets will be vested for 12-18 months (depending on the use). Typically Promo deployments are not announced, however the majority of the GFI in the Promo fund will be utilised throughout February so we felt it was important to let you all know why large amounts of tokens are going to be moving.

We strongly believe that the benefits generated from these agreements will far exceed any other use case that we may have found for these tokens, and that using them for this purpose will cement the project’s future and earning capacity for GFI holders.

We look forward to sharing further details with you ASAP and trust that the community will see the same long term benefits in this decision (as we do).
While many DeFi and CeFi projects and companies are scaling back, reducing team sizes etc, we have been heads down building and speaking with various interested parties about getting involved with Gravity.

We are pleased to announce that we have finalised an agreement with a private investor who will be working closely with Gravity Finance. As part of this arrangement we have secured funding in exchange for an allocation of GFI.

This funding will allow us to further extend our runway and expand the team, including additional developer(s), support staff, research assistants, BD, etc, as we work towards completing our 2023 Roadmap and bringing new products to market.

This new funding was also a critical first step in securing additional partnerships, yet to be announced this month. The resources this provides was a requirement for us to fulfil our commitment to these new partners.

We are extremely excited about these partnerships and product announcements and the extraordinary benefits they will bring to the Gravity project and community.

Some Q&A’s

Who was the investor?
The investor wishes to remain anonymous but is a long term supporter of the project. They also wish to keep the specifics of the deal private.

How much was raised?
Enough to give us another 2-3 years runway on our current roadmap and other products/partnerships yet to be announced. The investor paid a very large premium over the current market price to secure their allocation.

What did the investor get in return?
- 30m GFI, vested for 18 months and Gravity has a first right of refusal should the seller wish to sell any in the future.

- A voice in the team that can positively influence decision making and business development opportunities.

What are the payment terms?
Milestone payments based on conservative performance metrics. GFI delivered is also prorated based on funds actually delivered.
We have arranged a voice chat for Thursday 8am UK time.
This will be held on Discord and will be open to everyone to join. The purpose of this voice chat is to discuss the current Admin Fee structure and propose some changes to the Admin Fee structure moving forward.
If you are interested, please click the button.
https://discord.gg/zBXz7D6N?event=1072278430390951997

Everyone who wishes to speak on the call will be given a chance, but we need to keep it on topic and pointed, so if you raise your hand to speak please have your question ready to go so we can reply and move on to the next person etc.
Everyone, we are happy to announce that the final Silos beta round is now live for the testing group.
We have fixed quite a few minor bugs in the contracts and refined the UI in many areas (based on previous feedback).
We are very happy with it.

The one major addition is the new referrals system. You'll now be able to copy your referral link and send to others.
You'll earn 10% of all of admin fees collected by the Silo in real time, sent straight to your wallet.

We have also now set an launch date internally, pending marketing with partners and collaborators and that will be announced once we have all of our partners confirm things on their end.
We are pleased to announce that the first GFI Governance Token vote will commence from next Friday 17th February 2023.
This will be first of many voting opportunities moving forward as the Gravity Finance project transitions into a DAO, handing strategic decisions to the Gravity community and GFI Governance Token holders.

This first vote will be for a change to tokenomics, specifically how the Admin Fees are managed and distributed to GFI holders.
We have taken on a lot of feedback over the previous few weeks and will put together a list of options that suit the common themes that we have heard from the community.

This vote will use the SnapShot DApp and you will need to have your GFI in a personal wallet to participate in the voting.
More details will follow later this coming week about this, but the snapshot will be taken some time on Friday 17th February 2023.

All Project wallets (treasury, farm allocation etc) and initial founders allocations (25m each) will abstain from voting.
We've had reports of a fake Facebook account posting about Gravity stuff. See screenshot posted in our Discord by GFI_T warning people to be careful.

If unsure, always ask!
GFI Governance Vote to change how the platform Admin Fees are handled in the future.
Lots of info on Medium: https://gravityfinance.medium.com/gfi-governance-vote-8517311bd8ad
and discussions happening in the community chat on Discord: https://discord.gg/gfi

Just tweeted some info about the vote here:
https://twitter.com/Gravity_Finance/status/1626564353544560641