Why Granary?
Giving DeFi back to the people through $GRAIN and grain.sale
Do you remember 2020?
If you don’t, it was a magical time in DeFi. The prospect of being able to own a piece of the future was exhilarating, with projects like Yearn, Uniswap, and Compound handing over huge swaths of their governance power over to the community.
And then venture capital came.
Suddenly, principal protection became a far more important concept than innovation. Teams began to focus on tokenomics instead of tech, and the market began to move away from fairness. Infighting, ineffective governance, and a focus on moat-building has stymied technological growth.
Now, anything that approaches innovation comes with 10 years of development priced in, with astronomical valuations pumped up by VC liquidity. The opportunities for normal people to govern the future of finance are getting fewer and further between.
We want to change that with Granary.
With a strong presence on 7 networks, deep liquidation infrastructure, and a track record of success through the most volatile periods in crypto history, Granary is primed to become a key innovator in the DeFi space, owned and governed by the community.
Through the liquidity generation event on grain.sale, the Granary team seeks to give the DeFi world a chance to guide the future of the industry. Users can contribute funds to receive a share of the initial circulating supply of $GRAIN: 12.5%, or 100,000,000 tokens. Users can also receive a bonus of up to 60% by vesting their shares for up to 5 years.
At the end of the fair launch, funds contributed will be placed into liquidity pools so that Granary can start to create yield opportunities on the 7 networks it operates on, with each chain’s $GRAIN incentives being proportional to the amount raised on the network.
Apart from $GRAIN sent to LGE contributors and used for market liquidity, 15% of the supply is set aside for team members, vested for 4 years. The rest of the supply is set aside for incentives to be distributed over 10+ years.
You can watch a video walk through of grain.sale here.
So what’s the point of $GRAIN?
$GRAIN not only governs Granary incentives and deployment priorities, but also aligns incentives for lenders, borrowers, and governors through buyback and distribution strategies. Instead of relying on inflation to grow market share, Granary can continuously use interest paid by borrowers and other protocols to create $GRAIN demand and fund the next stage of growth.
Doing this, we can always ensure Granary is the best place to lend assets and that $GRAIN governors aren’t diluted with unbound inflation. This creates a stable foundation for growth that keeps every ecosystem participant happy.
What’s coming next?
In the immediate term, Granary is focused on growing the addressable market of DeFi lending. Through its unique architecture allowing for direct, permissionless lending to external protocols, Granary can grow DeFi lending revenues nearly 10x. By using these revenues to buy back $GRAIN, Granary can create a more stable, non-inflationary means of incentivizing users. Read more about Granary V2 here.
Further down the road, the Granary team seeks to develop on-chain credit, algorithmic risk management, treasury management tooling, and even debit cards backed by Granary deposits. Follow our twitter and discord to stay on top of developments.
In conclusion…
More than ever, it’s imperative that users have control over their financial futures, and Granary is determined to ensure everyday people maintain ownership of these systems. Through grain.sale, we hope to usher in the next generation of user-governed DeFi development.
