Gravis Finance Will Integrate Chainlink VRF to Secure Revolutionary NFT Farming
We’re excited to announce that Gravis Finance, a DeFi ecosystem focused on NFTs — will integrate Chainlink Verifiable Random Function (VRF) on the Polygon blockchain. By integrating Chainlink’s industry-leading decentralized oracle network, we can obtain access to a tamper-proof and auditable source of randomness needed to provide full random generation for our Loot Boxes mechanics of a brand new gamified NFT Farming that we called (A)steroid Mining. Ultimately this creates a more exciting, transparent, and fraud-proof user experience, as users can provide a smooth and fair distribution of in-game gear and ships parts to earn and play section of Gravis Finance Universe.
GRVX token will be a valuable resource that can be mined on asteroids. To be able to mine it you will need a fast starship with some cool features, a brave captain, and an experienced first mate.
The ships will be presented in a form of Lootboxes — several NFTs in one box with a certain chance to be of any rarity, the particular type of each card revealed upon unboxing. That’s where the usage of the Chainlink VRF technology is crucial.
In order to provide an absolutely fair and independent loot box gear distribution, we need access to a secure random number generator (RNG) that any user could independently audit. However, RNG solutions for smart contracts require several security considerations to prevent manipulation and ensure system integrity. For instance, RNG solutions using on-chain data like block hashes can be exploited by blockchain miners, while off-chain RNG solutions like traditional data providers are opaque and don’t provide users with definitive proof about the integrity of the process.
After reviewing various solutions, we selected Chainlink VRF because it’s based on cutting-edge academic research, supported by Chainlink’s time-tested oracle infrastructure, and secured through the generation and on-chain verification of cryptographic proofs that guarantee the integrity of each random number supplied to smart contracts.
Chainlink VRF works by combining block data that is still unknown when the request is made with the oracle node’s pre-committed private key to generate both a random number and a cryptographic proof. The Gravis Finance smart contract will only accept the random number input if it has a valid cryptographic proof, and the cryptographic proof can only be generated if the VRF process is tamper-proof. This provides our users with automated and verifiable assurances directly on-chain that(A)steroid Mining is provably fair and cannot be tampered with by the oracle, outside entities, or the Gravis Finance team.
Gravis Finance plans to integrate Chainlink technology into its other products and looks forward to more integration. Our goal is to make the most honest and transparent products for our users, based on trusted networks and best practices.
Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.
Chainlink is trusted by hundreds of organizations, from global enterprises to projects at the forefront of the blockchain economy, to deliver definitive truth via secure, reliable oracle networks. To learn more about Chainlink, visit chain.link, subscribe to the Chainlink newsletter, and follow @chainlink on Twitter. To understand the full vision of the Chainlink Network, read the Chainlink 2.0 whitepaper.
About Gravis Finance
Gravis Finance is a Defi ecosystem that focuses on NFT. It includes: multi chain DEX, cross-chain bridge, High Yield Auto-farming and NFT Gamification. We make simple and easy to use products for daily DeFi earning with the most transparent mechanisms built on Blockchain. By collaborating with a large number of well-known projects and drawing on the best practices of modern blockchain, Gravis Finance brings user-friendly tools to interact with the latest DeFi products. Our mission is to enable any user to get affordable tools to provide basic income, regardless of initial capital. The Play to Earn elements allow us to bring this mission to life as much as possible.