Proposal to Whitelist GRT token on the Bancor DEX and add 1M BNT cap co-investment by the protocol.
- Graph is one of the growing “blue chip” defi assets with more and more traction.
- Graph is the market leader in providing data for Defi leading applications.
- Graph Uniswap pool is shallow and can be outcompeted by Bancor.
- Graph has significant capital and institutional backers to expand and grow long term bringing value to BNT network.
Token contract address:
The Graph is a protocol for organizing blockchain data for over 1000 projects and making it easily accessible. It’s powering many of the most used applications in DeFi and the broader Web3 ecosystem today such as:
- Wrapped BTC
- Kyber Network
Currently, The Graph’s hosted service is processing over 4 billion monthly queries for data like token prices, past trade volumes, and liquidity.
The Graph Network mission is to create an open marketplace of Indexers and Curators that work together to efficiently index and serve all the data for DeFi and Web3 in a decentralized way.
Currently Graph offers relatively low staking opportunities with 6% APR where, if you delegate tokens, a portion of it is confiscated by the node owner.
Considering the above, if providing liquidity to the BNT pool can outcompete 6% APR of GRT staking opportunity the network can expect significant inflow of capital.
GRT is backed by tier one investors which makes the project a reliable asset to be listed on BNT platform.
- DT Capital Partners
- Kilowatt Capital
- Multicoin Capital
- Tally Capital
- ParaFi Capital
- Framework Ventures
- Digital Currency Group
- Coinbase Ventures
Tokenomics & Token Metrics
Graph has raised 12M USD in both, private and public roud. Moreover, currently only 10% of GRT tokens are in circulation which gives foundation significant cash reserves for further development.
There are multiple ways to contribute to The Graph Network and the open data economy for both technical and non-technical individuals.
Indexers (Earn GRT)
Indexers are node operators in The Graph Network that stake Graph Tokens (GRT) in order to provide indexing and query processing services. Indexers earn query fees and indexer rewards for their services.
Curators (Earn GRT)
Curators are subgraph developers, data consumers or community members who signal to Indexers which APIs should be indexed by The Graph Network. Curators deposit GRT into a bonding curve to signal on a specific subgraph and earn a portion of query fees for the subgraphs they signal on; incentivizing the highest quality data sources.
Delegators (Earn GRT)
Delegators are individuals who would like to contribute to securing the network but do not want to run a Graph Node themselves. Delegators contribute by delegating GRT to existing Indexers and they earn a portion of query fees and indexing rewards in return.Technical Level Required: Low
Consumers (Pay GRT)
Consumers are the end-users of The Graph that query subgraphs and pay query fees to the Indexers, Curators and Delegators. Consumers are likely to be developers or projects themselves that cover query fees for their applications as they would AWS or cloud service costs.
Community and Communication
GRT currently has 163 Data Curators (nodes owners) https://network.thegraph.com/
Telegram members activity is recording stable growth and currently has recorded 22K unique active users. Discord has 17K active members
Github activity is also growing in a stable way over the last two month.
Market and Trading Data
Graph trading volume on both centralized and decentralized exchanges is equal to around 400M where the majority of trading is going on CEX.
Thanks to adoption and usability of the protocol, Graph recently has achieved rank 50 on coingecko and become considered as one of the Defi bluechip
As we can see below, Uniswap GRT/ETH pair is the main market for GRT on DEXes, wich average daily volume of around 3M USD and liquidity around 6M USD. This gives Bancor an opportunity to become the deepest pool for GRT on DEX market and take over most of the volume.
What is also worth mentioning is a USDC pool with almost 5M liquidity and 3 times lower volume then ETH pool.
Pool on Sushi is irrelevant
The average on chain transaction size is around 20K which is currently in the range of the most common transactions size on Bancor network.
What is worth to mention, the Graph has got criticized because of unusual volatility. As we can see on the chart below, the annualized volatility is decreasing making the asset more stable and less severe in regards to IL.