Gravity Finance
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Gravity Finance Announcement Channel
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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
Very please to announce the Gravity Finance Silos will launch on 27th March 2023
https://gravityfinance.medium.com/gravity-finance-silos-80e8a1928767
At 10pm EST 9th March there is a Polygon Spaces event on Twitter Spaces, the intention is to make this into a weekly spaces event to highlight projects in the space and discuss what is happening in DeFi etc. The event is hosted by Quickswap with special guests, the one on 9th March 10pm EST is the first of many and will have a lot of guest joining. Gravity Finance will be in attendance, time allowing we may speak. These events are always recorded so if you can't make the live you should be able to catch up with the recorded event too.

https://twitter.com/QuickswapDEX/status/1633782736719585280?s=20
A new Governance Vote is active for GFI Token Holders
Info can be found here: https://gravityfinance.medium.com/governance-vote-market-maker-8811adb8d273

There is a link in the Medium post to go to the Snapshot website to vote.
For anyone who has not yet seen, Quickswap released a new Governance vote last night/early this morning,
https://quickswap-layer2.medium.com/quickswap-governance-discussion-quickperps-jump-market-making-pyth-oracles-more-307057dbbe50

So now we have finally been able to announce it as well: https://medium.com/@gravityfinance/gravity-finance-x-quickswap-fcdf314be969

Gravity Finance x Quickswap partnership on a new platform, QuickPerps. Gravity will receive a share of the trade fees, which will then be distributed to GFI token holders as part of the Gravity Admin Fees (assuming the vote passes of course)
Sorry to say we have delayed the Silo Launch from 27th March to 17th April.
See Medium article for more information about why.

The TL;DR is that we've had some changes in strategies that require us to re-work things and they simply won't be ready before 27th March, this has impacted on other updates to the main site and marketing efforts.

We are pretty confident everything will be ready end of next week for the launch, but we've pushed it out to the 17th April to ensure we also have ample time to test the new/refactored strategies and have additional time to work on marketing/cross marketing with our partners and collaborators.

https://twitter.com/Gravity_Finance/status/1639252815842353156?s=20
DAO VOTE #2 Passed with a resounding 95% in favour!
https://gravityfinance.medium.com/dao-vote-2-update-8cdaed2bd15e