Gravita Protocol x Rocketpool: Introducing rETH Support at Launch
Unlocking new opportunities for the Rocketpool community and Gravita users
We are thrilled to announce that Gravita Protocol will support Rocketpool’s rETH token at launch. This exciting collaboration brings together two projects focused on empowering users with innovative DeFi solutions, enabling a seamless and secure experience for the Rocketpool community and Gravita users alike.
Why rETH?
Rocketpool’s rETH is a decentralized and transparent Liquid Staking Token, providing users with flexibility and security in Ethereum staking. The rapid growth of rETH has surpassed expectations, but compelling DeFi use-cases have lagged behind. By supporting rETH on Gravita Protocol, we aim to bridge this gap and unlock new opportunities for rETH holders.
Also, rETH is not anymore supply-constraint since the very successful Atlas Upgrade. Currently, there is space for more than 60'000 rETH to be mintend in Rocketpool Deposit Pool!
Advantages of rETH on Gravita Protocol
By adding rETH as collateral on Gravita Protocol, users gain access to a range of benefits:
- Access to GRAI by means of productive collateral: Use your rETH as collateral to borrow GRAI and tap into the DeFi ecosystem, all while maintaining exposure to your staked ETH and its rewards.
- Reduced risk of liquidation linked to rETH yield: Gravita Protocol’s unique mechanism minimizes the risk of liquidation as it considers the yield generated by rETH.
- A very low 0.5% one-off fee for loans: With a fee refund for short-term borrowers, Gravita Protocol aims to provide the most cost-effective solution for rETH holders.
- Seamless integration with DeFi markets: Gravita Protocol enhances liquidity and earning opportunities by integrating rETH into the wider DeFi ecosystem.
rETH and Beyond!
Supporting rETH is just the beginning of our journey to expand collateral options and cater to the diverse needs of users in the DeFi space. We are committed to continuously exploring new partnerships and assets to make Gravita Protocol the go-to platform for borrowing against productive and yield-generating assets.
Stay tuned for more exciting announcements, and join us as we embark on this journey to revolutionize the DeFi borrowing landscape with Gravita Protocol and Rocketpool.
