Introducing WETH Support on Gravita Protocol

WETH as a Key Collateral Asset

We’re excited to announce that Gravita Protocol will support Wrapped Ethereum (WETH) at launch! As a foundational asset within the DeFi ecosystem, WETH will be the sole non-yield-generating asset supported at launch, providing access to GRAI for cautious users, treasuries, or DAOs.

Understanding WETH

Wrapped Ethereum (WETH) is the ERC-20 compatible and tradable version of Ether, allowing it to be integrated seamlessly into the DeFi ecosystem. WETH is arguably the king of ERC-20 tokens, widely used, safe, secure, and interoperable.

Safety and Reliability

WETH is always pegged to the price of Ether at a 1:1 ratio, and its wrapping and unwrapping process is secure and backed by simple smart contracts. This makes WETH one of the most reliable choices for users in the DeFi ecosystem.

As Gravita Protocol approaches launch, stay tuned for more exciting updates from the team! To get access to everything Gravita, follow this link: https://linktr.ee/gravitaprotocol