The GRAVY DeFi Project is the most innovative project in the DeFi space. GRAVY is a high frequency trading (HFT) arbitrage strategy implemented on the EOS mainnet that mines for profitable trades. In order for GRAVY to mine the EOS mainnet for arbitrage opportunities it uses CPU resources to monitor the mainnet. GRAVY is powered by miners who are rewarded with GRV which is the protocol token for GRAVY. The GRV token can earn staking rewards which are paid out in EOS from arbitrage trading profits.
How does GRAVY work?
In the bitcoin network, miners secure the network by validating the network’s transactions. To ensure that the network is decentralized, miners engage in a consensus process where each miner competes to validate transaction blocks by solving computational puzzles. The higher the hash rate of the miner, the higher the chances of solving the mathematical puzzle and sealing off the block and collecting the bitcoin reward. The hash rate is the number of calculations the hardware can perform per second.
In the same way, the higher GRAVY’s network hash rate, the higher its chances of finding successful trades to mine across the EOS mainnet. Bitcoin is designed so that the more decentralized it becomes, the stronger the network.
GRAVY possesses those same qualities as bitcoin, in that the more miners participate in GRAVY, the higher the GRAVY dominance of network arbitrage, which will lead to more revenue for GRV token holders as trading volume grows on EOS mainnet.