The Gorilix protocol will utilize the smart contract functionality of the Ethereum network for Gorilix Protocol, providing various functionalities for the following as illustrated in the table below:
Users will be able to take out loans. Borrowers will be able to borrow assets against collaterals.
Users will be able to lend assets to the liquidity pool, allowing them to earn interest.
Interest Rates
The interest rates for assets will depend on supply and demand.
The ERC-20 $SILVA token will be Gorilix Protocol ’s native token which the holders will use for protocol governance.
$SILVA token holders will be able to cast their votes for platform governance or delegate their vote to another trusted third party or individual via Gorilix Protocol signature.
Grants Program
The Gorilix Grant Program will provide grants to innovative projects, ideas, and improvements to the Gorilix Protocol ecosystem.