⭐Introduction

Welcome to the Gripp Finance Docs

What is Gripp Finance?

Gripp Financee is a Decentralized Multi-chain Synthetic Assets (Potions) issuance protocol built on Arbitrum, Binance Smart Chain, and soon Ethereum mainnet and more.

Synthetic Potions (gTokens) are collateralized primarily by stablecoins like BUSD, USDT, USDC, DAI, and FRAX which, when locked in the Vault Contract, enable the issuance of Potions. Synthetic Potions mimic the price behavior of real-world assets like stocks, commodities, and ETFs - giving traders anywhere in the world open access to price exposure without the implications of owning or trading real assets.

The minting of Potions is decentralized and is handled by users of the protocol alone. Gripp Finance ensures that there is always sufficient collateral within the protocol to cover Potion value.

The Gripp Finance Token (GRIPP) is minted by the protocol according to its vesting schedule and distributed as an award to support conduct that secures the ecosystem. Gripp Finance ensures liquid Potion markets by rewarding GRIPP to users who stake LPs obtained through providing liquidity to decentralized exchanges. Moreover, GRIPP is valuable as it can be staked to receive voting privileges and to earn a share of the protocol's Vault withdrawal and liquidation fees by wrapping it into GRIPP.

Gripp Finance is a project developed and steered by its community. Its markets are maintained by its own users through GRIPP incentives, and the protocol evolves with new ideas through democratic governance.