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Gravita is a decentralized lending protocol where users can take out interest-free loans by putting their ETH liquid staking tokens (LSTs) up as collateral.
Its goal is to further decentralize Ethereum, prioritizing the expansion of strong, high-quality minority LSTs.
With Gravita, users borrow by staking their LSTs. First, they deposit their liquid staking tokens into the Gravita protocol and receive GRAI stablecoin in exchange.
How much GRAI they can borrow is determined by the collateral’s value, and may reach as high as 90% of that value.
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