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Grace

@GraceProtocol

21,125
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133
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Maximally resilient lending protocol

Joined November 2023
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@GraceProtocol
Grace
2 months
Supply rewards were doubled from 2k to 4k GTR per year! New supply APYs: DOLA - 15.65% USDC - 21.93% Visit
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@GraceProtocol
Grace
2 months
Today's Earn APYs on Ethereum 👇 Supply stablecoins and earn GTR at
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@GraceProtocol
Grace
1 month
Current supply APYs on Ethereum 👇 DOLA - 130% DAI - 183% USDC - 313% USDT - 40% Supply stablecoins and earn GTR here
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@GraceProtocol
Grace
10 months
Lending protocols are not designed to handle any loss. This makes them unsustainable and limits their scalability Grace provides: ✅Cross-margin loans ✅Collateral exposure control ✅Socialized losses ✅Fixed supply rates ✅Stable borrow rates + more 👇
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@GraceProtocol
Grace
2 months
Grace just surpassed $100,000 TVL 🎉 Baby steps
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@GraceProtocol
Grace
2 months
Only possible on Grace
@DegenMVP
Based Degentleman 🎩
2 months
Borrowing USDC at 10% with 80% collateral factor for $degen. There's a 0.82% fee on deposits but this looks like a great deal. DYOR! - but you guys know what I'm gonna do 😈
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@GraceProtocol
Grace
10 months
Fancy a Discord, anyone?
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@GraceProtocol
Grace
2 months
Guess which chain we’re launching on tomorrow 👇
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@GraceProtocol
Grace
4 months
Grace is coming to @Base mainnet on Monday
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@GraceProtocol
Grace
3 months
Grace is live on @Base mainnet Borrow and lend: - USDC - DOLA Collaterals: - ETH at 90% collateral factor - AERO at 80% collateral factor Grace is only available to whitelisted participants during the guarded launch. Read more in the announcement:
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@GraceProtocol
Grace
5 months
Hello @base
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@GraceProtocol
Grace
7 months
Raise your hand if you’re waiting for today’s testnet launch 🙋🏻‍♂️
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@GraceProtocol
Grace
7 months
ATTENTION: If you wish to be whitelisted for the upcoming Grace Early Access, please fill the form below. Only a limited selection of participants will be whitelisted to use Grace in production on Arbitrum One mainnet ahead of the public launch.
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@GraceProtocol
Grace
1 month
gm The following 5 collaterals have been added to Grace on Ethereum: $CVX @ConvexFinance $BAL @Balancer $ENS @ensdomains $LINK @chainlink $APE @apecoin Each of these collaterals now enjoys 80% collateral factor! Enjoy 👉
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@GraceProtocol
Grace
10 months
gm say it back
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@GraceProtocol
Grace
1 month
Today's Earn APYs on Ethereum 👇 Supply stablecoins and earn GTR at
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@GraceProtocol
Grace
10 months
I’m publishing the official protocol announcement soon. So turn on your notifications. So excited to share my work with you all! - Grace
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@GraceProtocol
Grace
7 months
Who’s ready for testnet on February 1?
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@GraceProtocol
Grace
10 months
Hello 🌎
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@GraceProtocol
Grace
10 months
Alright here we go
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@GraceProtocol
Grace
2 months
The end game is to support hundreds of collateral options most of which are not supported by any other lending protocol. Only Grace can do this because of its unique ability to manage collateral risk. Which collaterals should we add in the first batch? Let us know👇
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@GraceProtocol
Grace
10 months
If you’re excited about Grace, please retweet so that more people can share the excitement!
@NourHaridy
nour
10 months
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@GraceProtocol
Grace
10 months
In the depths of the Ethereum forest, dark and wide, I shall stand as a guardian with strength inside. I am Grace. I pledge to do what’s right, vowing to protect my lenders with all my might. In a realm of uncertainty, wild and free, I pledge to be a shield, powerful as can be.
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@GraceProtocol
Grace
10 months
Thank you all for all the love and excitement over the past 48 hours Can’t wait to completely disrupt DeFi lending together Unfortunately, I’m still at Devconnect so I’m gonna be much more active here when I’m gone. Promise!
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@GraceProtocol
Grace
2 months
1/2 Some parameter changes were made to the protocol today: - GTR emission rate was raised from 1K to 2K GTR/year - 40% of GTR rewards were allocated to DOLA suppliers, 60% to USDC suppliers - Both borrow rate and collateral fee models were replaced with less aggressive models
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@GraceProtocol
Grace
8 months
DEVELOPMENT UPDATE: Due to its highly ambitious nature, Grace Protocol is by far the most complex DeFi lending protocol ever built. This complexity was not intended. I’ve spent the last 3 months attempting to simplify the code base. However, a unique tradeoff presented itself:
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@GraceProtocol
Grace
2 months
Current supply APYs on Ethereum 👇 Supply stablecoins and earn GTR at
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@GraceProtocol
Grace
7 months
Tomorrow
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@GraceProtocol
Grace
2 months
Grace is now available on the Ethereum mainnet Starting with 3 collateral options and 4 borrowable assets The list of supported assets will grow quickly over the next few days Visit to experience Grace on Ethereum
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@GraceProtocol
Grace
8 months
DEVELOPMENT UPDATE #2 : Just 2 weeks away from the testnet launch deadline, Grace codebase is still under heavy development, including both contracts and frontend. Here are the most recent developments 👇
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@GraceProtocol
Grace
5 months
We’re proud to have reached an audit agreement with @hackenclub The Grace contracts source code has been frozen and shared with the Hacken team for review. The contracts will be open sourced and deployed on @Base shortly after the audit is complete.
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@GraceProtocol
Grace
3 months
Deploying contracts - steady lads
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@GraceProtocol
Grace
7 months
Grace protocol is now live on Arbitrum Sepolia testnet at Here's are some things to try out🧵👇
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@GraceProtocol
Grace
3 months
Coinbase Staked ETH is now on Grace! You can now use cbETH as collateral to borrow USDC and DOLA at
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@GraceProtocol
Grace
9 months
gm👀
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@GraceProtocol
Grace
5 months
Grace protocol has now been deployed on @Base Sepolia testnet. Deployment on Base mainnet is scheduled for late April. To test our new features and improvements, visit
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@GraceProtocol
Grace
10 months
Code is my shield, and my resolve is firm. Against the chaos, I stand and affirm. Maximally resilient, through storms I glide, facing each shock with a graceful stride. My lenders, rest easy, under my watchful eye. In the labyrinth of DeFi, your dreams will not die.
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@GraceProtocol
Grace
2 months
The early access whitelist has been removed. Grace is now available for everyone. The protocol is still being stress tested in production however. Please only deposit what you can afford to lose.
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@GraceProtocol
Grace
7 months
We’d like to thank everyone who took the time to fill the early access form We enjoy reading your thoughts and feedback on our work and ambition to build the next generation of DeFi lending We look forward to providing a safer and more efficient lending experience to all of you
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@GraceProtocol
Grace
6 months
Dev update: - New Positions explorer showing all active borrow positions - Ability to manually liquidate or write off eligible positions on the UI - Protocol contracts were redeployed on testnet to include fixes and improvements - Audits start soon Visit
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@GraceProtocol
Grace
7 months
Frontend and docs are all finally ready for testnet launch but we’ll wait until CET noon tomorrow for everyone to be awake gn
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@GraceProtocol
Grace
2 months
Holders of $DEGEN may now use it as collateral to borrow at Tag a $DEGEN holder who might be looking for a loan below 👇
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@GraceProtocol
Grace
10 months
What’s your favorite feature of Grace and why?
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@GraceProtocol
Grace
10 months
I am your protector, your steadfast guide, in the face of danger, by your side, I'll abide. Elegance and strength in me are entwined. In turmoil and uncertainty, a path I'll find. I am Grace, a vow of honor I impart. My vow is to protect you, with all my heart.
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@GraceProtocol
Grace
3 months
A new collateral is coming to Grace today. Guess which token 👇
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@GraceProtocol
Grace
3 months
We’ll start adding a new collateral to Grace every week What collateral do you think should be added next? 👇
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@GraceProtocol
Grace
6 months
We’re nearing the last step of Phase 1: Public test of liquidation and loss distribution mechanisms on testnet The Grace frontend will soon show a new Positions page where you can navigate all active borrower positions as well as liquidate or “write-off” any eligible borrower.
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@GraceProtocol
Grace
6 months
Grace deployment on Arbitrum Sepolia was reset again in order to upgrade the testnet contracts. All balances have been reset.
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@GraceProtocol
Grace
2 months
Get your ref link! Since Grace is now publicly available, you can refer new borrowers and earn 10% of all interest that they pay after using your link! Borrowers never pay extra when using your link. The reward is covered by the protocol. Get it here 👉
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@GraceProtocol
Grace
2 months
2/2 The new rate models will drastically reduce the cost of borrowing and depositing collateral, improving the utilization of supplied liquidity. The changes to GTR emissions have increased the supply APYs. USDC suppliers enjoy higher rewards as shown in the screenshot above.
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@GraceProtocol
Grace
3 months
Start tracking Grace TVL at
@DefiLlama
DefiLlama.com
3 months
Now tracking @GraceProtocol on @base Grace is an L2-first cross-margin lending protocol that distributes losses if they occur, making it resilient to oracle manipulation, volatility and exploits
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@GraceProtocol
Grace
10 months
Grace will not raise capital from any investors in order to fund development. A lending liquidity commitment event will be made available to the public in order to distribute the initial supply of GRACE and bootstrap liquidity to be supplied on Grace for the first 3 years.
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@GraceProtocol
Grace
1 month
Find bugs in our code and earn up to $18K on @HatsFinance We’ll ramp up the prize pool over time to incentivize more eyes on our code Here’s the bug bounty link:
@HatsFinance
Hats.Finance 🦇🔊
1 month
Welcome onboard, Grace🎩 @GraceProtocol just opened a bug bounty on Hats. Don't miss the chance to join and earn up to $18,000!🐞🔍 Let's hunt!🫡
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@GraceProtocol
Grace
7 months
Check out the new UI enhancements since yesterday's testnet launch Action modals (deposit, withdraw, borrow and repay) now display much more info to the user We're pushing lots of other fixes and improvements based on your valuable feedback Try them at
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@GraceProtocol
Grace
5 months
Thanks to the new Chainlink feed, Grace will support $AERO as collateral at launch In the future, Aero LP tokens will also be added as collateral You’ll be able to add all your AERO, yield-bearing Aero LPs and other collaterals to a unified cross-margin position on Grace
@AerodromeFi
Aerodrome
5 months
Chainlink Pricefeed has arrived 🛬 @chainlink , the top choice for oracle and price feed solutions, has deployed the $AERO - $USD feed. It's now live on @base .
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@GraceProtocol
Grace
5 months
This is the last reminder to fill the form before Early Access testing starts soon on Base mainnet. Don’t forget to add your Discord username in the form to also join the private testers channel if your submission is approved.
@GraceProtocol
Grace
7 months
ATTENTION: If you wish to be whitelisted for the upcoming Grace Early Access, please fill the form below. Only a limited selection of participants will be whitelisted to use Grace in production on Arbitrum One mainnet ahead of the public launch.
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@GraceProtocol
Grace
9 months
Explain Grace Pessimistic Price Oracle in one tweet
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@GraceProtocol
Grace
3 months
Deposit limits for all collaterals and Earn assets have been raised We’ll slowly raise limits higher over the next few weeks Whitelisted users may now deposit more assets at
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@GraceProtocol
Grace
3 months
Grace smart contracts have been audited by @hackenclub Only low and medium severity issues were identified and resolved. Read the audit report in the quoted tweet 👇
@hackenclub
Hacken🇺🇦
3 months
🤝 Excited to share that we’ve completed a smart contract audit for @GraceProtocol , an L2-first cross-margin lending protocol designed to fairly distribute losses, making it resilient to oracle manipulation, volatility, and exploits 🛡️ Audit score: 8/10 🔗
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@GraceProtocol
Grace
8 months
Regarding launch chain, this is still undecided. Right now, my top choice is Arbitrum One. However, I’m still open to other choices. If you have another opinion, let me know. If you’re part of an L2 team, feel free to reach out.
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@GraceProtocol
Grace
4 months
We're excited to share Referral Rewards with you, a core feature of Grace that was kept a secret until now🤫 Referral rewards will change Grace from yet-another-lending-protocol to a lending developer platform If you build on Grace, you will be rewarded💰 Find out how👇
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@GraceProtocol
Grace
3 months
We’ve added a list of live contract addresses to our docs Users and bounty hunters are encouraged to review the code and report any potential bugs to claim a bounty Read the docs for more info
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@GraceProtocol
Grace
5 months
Thank you all for filling the Early Access form. We are no longer accepting new submissions. We’re now going through the submissions and we will start assigning the Tester role to accepted users on Discord later today.
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@GraceProtocol
Grace
10 months
This is just a quick summary of what awaits the reader in the announcement article. There’s a lot more to discover about Grace, so please take the time to read the article. Looking forward to your feedback!
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@GraceProtocol
Grace
7 months
As part of our new docs, you can read our 4-phase product roadmap This roadmap is subject to change based on your feedback. So let us know what you think. 👉
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@GraceProtocol
Grace
8 months
Large parts of the web frontend are already complete. The app is expected to be ready for public user-testing ahead of February. In the screenshot below, you can immediately see one of the main UX differences between Grace and other lending protocols 👇
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@GraceProtocol
Grace
8 months
A detailed roadmap will be announced in a future update including details about the 3-year liquidity lockup event, governance, protobonds, etc. However, the first priority is to get Grace out there for lenders and borrowers to use. See you at update #3 !
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@GraceProtocol
Grace
8 months
The solution to this problem is simple: Grace Protocol will become an L2-first protocol. It will no longer be deployed on the Ethereum mainnet. This change will provide a few advantages:
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@GraceProtocol
Grace
5 months
Out of 370 total submissions, 178 were accepted. Submissions with incorrect responses to the multiple-choice questions were first auto-filtered, and the remaining were manually filtered by hand. If you didn’t get in, it’s most likely because you were auto-filtered. However,👇
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@GraceProtocol
Grace
8 months
In terms of timeline: 1. Grace will be deployed on testnet (ETA early February) before the contracts are sent to auditors. This will allow users to provide feedback before the code is frozen. 2. Production launch is still expected sometime this Q1.
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@GraceProtocol
Grace
10 months
In the event where Grace experiences loss, it is distributed equally among lenders. This removes the incentive of bank runs because by the time lenders may consider exiting, there’s not any downside left to staying in the pool, there’s only potential upside from future interest.
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@GraceProtocol
Grace
7 months
We are preparing to transition to Phase 2 of the roadmap. This includes the start of audits followed by a stress test of the protocol's risk features in an adversarial environment on Arbitrum One mainnet (aka test in prod). Read more here:
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@GraceProtocol
Grace
7 months
The form remains available for anyone to fill However, submissions will be closed in the near future due to the significant volume of submissions
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@GraceProtocol
Grace
5 months
Tester🧪 role has been assigned to all accepted users. However, most of you are not in the Discord server so you didn’t get the role! If you previously filled the form, please join Discord today or you won’t be in the Early Access!
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@GraceProtocol
Grace
3 months
Please ignore the message sent by a team member on the Discord server. Do not click the link. There is no token launch. His Discord account has been compromised but is now recovered.
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@GraceProtocol
Grace
8 months
This abundance of safety features created a number of tradeoffs such as higher gas costs. The more safety features are added, the more expensive the protocol will become for users. Another tradeoff is the bug surface: The more code is written, the higher the potential for bugs.
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@GraceProtocol
Grace
10 months
Grace combines the collateral and capital efficiency of cross-margin lending with the collateral exposure control previously only possible in isolated margin. This is possible to a new concept of collateral value limits, which limits the maximum valuation of each collateral.
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@GraceProtocol
Grace
7 months
Grace protocol has been re-deployed on Arbitrum Sepolia testnet in order to include new contract features Protocol state has been reset. Testers are kindly requested to report unexpected behavior of the new deployment ahead of the upcoming audits. Visit
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@GraceProtocol
Grace
8 months
On the UI side, work has started on the Grace Telegram bot. Grace Protocol will not be shipped with a web UI. Instead, users will access the protocol using a non-custodial Telegram bot. This will allow easier and quicker access to the protocol on both desktop and mobile devices
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@GraceProtocol
Grace
10 months
Grace introduces a new concept of collateral fees where borrowers may pay a variable yearly fee depending on which collaterals they have deposited. This mechanism allows for efficient pricing of collateral risk for the first time in a cross-margin lending protocol.
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@GraceProtocol
Grace
8 months
1. Transactions using Grace Protocol will be significantly cheaper (obviously). 2. Writing to and reading from contract storage will no longer be the main bottleneck. Calldata becomes the most expensive resource which can be optimized without compromising core functionality.
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@GraceProtocol
Grace
8 months
This is because, unlike in other protocols, Grace borrowers don't only pay interest on their loan. They also pay a yearly fee denominated in the collateral they're using. All interest and collateral fees are stored in a Reserve contract that backs each GTR token in circulation.
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@GraceProtocol
Grace
5 months
We fixed some invalid Discord names which resulted in 16 more users being assigned the Tester role We also assigned the role to users who helped with testnet bug reports We’ll post the full list of 70 usernames that were not found on Discord. So check it in case yours is there!
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@GraceProtocol
Grace
10 months
GRACE governance token allows direct access to 100% of interest and collateral fees paid by borrowers. GRACE can be burned and redeemed by its holder in exchange for a proportional share of the protocol reserves.
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@GraceProtocol
Grace
8 months
This is a replacement for the original Grace Protobonds design in order to narrow down the launch scope. In this design, lenders stake and unstake at any time without lockups or auctions. Protobonds may also be launched in addition to the staking option at a later phase.
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@GraceProtocol
Grace
6 months
Next up, we’ll enter Phase 2 of our roadmap. Contract code will be frozen, audits will start and we’ll begin preparations for private Early Access on mainnet for eligible users.
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@GraceProtocol
Grace
8 months
Grace lenders do not earn compounded interest on their deposit. Instead, they earn rewards in the form of a Grace Tokenized Reserve (GTR) utility token. GTR provides its holders with a redeemable claim on all protocol reserves accrued by borrowers. It is a reserve-backed token.
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@GraceProtocol
Grace
5 months
However, there will be other opportunities to join Early Access that will be announcing very soon. If you want to be notified, please turn notifications ON on Twitter/X.
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@GraceProtocol
Grace
8 months
The contracts’ complexity stems from a heavy focus on lending safety features such as the Pessimistic Price Oracle, absolute and relative collateral value caps, daily borrow circuit breaker, governance restrictions, bad debt detection and write-off mechanism, and more.
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@GraceProtocol
Grace
8 months
It's important to note that GTR is not a governance token. GTR will also only be mintable by lending assets on Grace. There will be no airdrop or team allocation. After the protocol undergoes a guarded launch phase, a separate governance mechanism may be launched in the future.
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@GraceProtocol
Grace
8 months
Additionally, because of the significant reduction of storage read and write operations, Grace safety features gain more capability because of the amount of data they can store on-chain. Grace codebase is currently being refactored in order to reflect these new cost assumptions
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@GraceProtocol
Grace
8 months
Because of #2 , I’m able to practice separation of concerns freely by splitting safety features into different contracts without fear of added gas overhead. This significantly improves auditability and testability.
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@GraceProtocol
Grace
8 months
However, by attempting to reduce the protocol’s complexity, one would have to remove or reduce the capability of some of these safety features which goes against the intended goal of maximizing safety.
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@GraceProtocol
Grace
10 months
As an additional layer of security, Grace uses a maximum daily borrow limit as a circuit breaker in order to limit the maximum potential damage by a successful manipulation attack in a single day in dollar terms.
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@GraceProtocol
Grace
8 months
Given the result of the recent Twitter poll, Grace shifted from a Telegram bot interface to a web interface Given the already highly-ambitious nature of Grace and limited manpower, I decided to experiment with a text-based DeFi interface at a later time.
@GraceProtocol
Grace
8 months
To access Grace Protocol, which would you rather use? (both options are non-custodial)
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@GraceProtocol
Grace
7 months
Last but not least, we've released our official docs where you'll find user guides for both lenders and borrowers and details about protocol features. The docs are still work-in-progress, so let us know if they're missing anything! Read the docs
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@GraceProtocol
Grace
8 months
To access Grace Protocol, which would you rather use? (both options are non-custodial)
A web frontend
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A Telegram bot
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