MetisDAO

Yet another exciting episode of our great CEG program. ims in giving the community the power to vote on Metis partnerships, we are pleased to present to the community an awesome Project and a candidate of this episode’s VCP, Following an interesting and educative broadcast on our CEG Governance Youtube, We Present:

Granary V2, DeFi’s first vertically integrated lending protocol. Built by the Byte Masons, who manage over 500 smart contracts and 9-10 figures AUM, Granary V2 is able to leverage the Byte Masons’ ecosystem of smart contracts to achieve up to 6% revenue on AUM, a 20x from current competing protocols. It accomplishes this through rehypothecation of unborrowed assets & in-house MEV capture. Granary is looking to become the cornerstone of DeFi lending by being the most capital efficient money market in DeFi, while also creating positive feedback loops between users, investors and the protocol itself.

Tech Features and Utility:

• Granary is crosschain and currently live on Metis, Ethereum, Optimism, Avalanche, Fantom and Harmony
• Granary is vertically integrated within the Byte Masons ecosystem and composable to the major DeFi protocols.
• Granary utilizes our rehypothecation engine Reaper.Farm and puts unused borrow-side assets to work.
• Granary is set to launch its token -$GRAIN by the end of Q4 2022, which will be accompanied with a brand new, intuitive UI.
• Granary is the sole arbiter of its MEV capture with in-house liquidations; this, coupled with our rehypothecation engine allows us to limit marketing spend, which is extremely non-dilutive compared to our competition.

Value Proposition: Our main goal is to be the most capital efficient lending protocol of DeFi but more importantly usher in actual competition with traditional banks. DeFi lending protocols are highly resistant to change, with problems in governance. They are also extremely capital inefficient, with problems with low borrow-side demand, and mercenary liquidity that siphons and dilutes users and stakeholders. Granary solves this by focusing on MEV capture and rehypothecation.

• Currently, major DeFi protocols have revenues averaging 0.3% of AUM and their cost to revenue averages to $8.59 per dollar.
• Our technology and experience allows up to 6% of AUM in revenue and our cost to revenue is $0.98 per dollar.

Satisfied with the experience Grana brings to our Ecosystem? Let your vote speak!

Built for the people, run by the people.

-Team Metis