Grai GRAI

GRAI is the native token of the Gravita protocol. It can be borrowed using ETH liquid staking tokens (LSTs) as collateral. The token has a value of $1 and can be used for swapping, spending, or depositing in the Stability Pool to purchase WETH and LSTs at a discount.

Grai, which is associated with Gravita Protocol, offers several unique features compared to other cryptocurrencies. Firstly, Gravita provides users with interest-free loans, distinguishing it from traditional lending services. Additionally, Gravita supports multiple Liquid Staking Tokens (LSTs) as collateral, allowing users to borrow against a variety of assets while maintaining separate positions for each. This promotes diversity in the crypto ecosystem and supports the growth of high-quality minority LSTs.

Furthermore, Gravita is non-custodial, programmatic, and transparent, aligning with the principles of decentralized finance. These characteristics ensure that users have control over their funds, the protocol operates autonomously, and all actions are visible on the blockchain.

Lastly, Gravita utilizes a hard peg mechanism called Redemptions, which ensures stability, security, and efficiency for GRAI users. This feature plays a crucial role in maintaining the value of the GRAI token.

Overall, the combination of interest-free loans, support for multiple LSTs, non-custodial nature, programmatic transparency, and the implementation of the Redemptions mechanism sets Grai apart from other cryptocurrencies.