❓FAQ

Get your poisonous questions answered here.

What is Gripp Finance?

Gripp Finance protocol is a system of decentralized, trust-less smart contracts deployed on BASE and Binance Smart Chain.

What are Synthetic Assets (Potions/gTokens)?

The point of Synthetic Potions is to imitate the value patterns of real-world, exchange-traded, underlying assets like stocks, commodities, and ETFs. Although Potions closely represent the price movements of underlying assets, users are not afforded any rights of the underlying companies, commodities, or ETFs.

Do I have to go through a KYC/AML process?

Gripp Finance protocol is a collection of smart contracts deployed on BASE and Binance Smart Chain and have no owner. All actions are undertaken by the users of the protocol. As long as you have one of the supported tokens to use as collateral in Potion vaults, you are able to perform all functions available on the Gripp Finance smart contracts. Please use due diligence and consult your local laws before using this software.

How do price feeds get their data?

Gripp Finance uses two primary oracle providers for price feeds - Chainlink and Pyth. Price Feeds are aggregated from many data sources by a decentralized set of independent node operators.

Is Gripp Finance audited?

Yes, the primary vault contract has been audited by Solidity Finance.

Why can't I withdraw, mint, or close my vault?

gTokens may only be minted and burned during New York Stock Exchange hours (9:30am - 5pm EST). This is to prevent too great of price discrepancy during market close.