The Graph - The Indexer for Web 3.0
Stake Capital congratulates The Graph on their announcement of the GRT token sale as well as their upcoming main net and token launch.
After three years of development, the team behind The Graph has taken a big step toward the launch of their mainnet by announcing the GRT token sale, which will allow users to purchase the GRT they need to participate in the network in a way that is optimized for decentralization and distribution.
Blockchain data access is challenging and time-consuming, as blockchains were not created to be easily searched or queried. The Graph provides a simple and efficient solution to this problem.
If Google is the Indexer for Web 2.0, The Graph is the Indexer for Web 3.0.
The Graph is a decentralised, permissionless, trustless and open-source protocol and implementation for indexing and querying data from blockchains.
Currently, The Graph is using a hosted service to process over 7.2 Billion queries per month. They are processing queries on data such as token prices, trade volume, and liquidity for applications such as Uniswap, CoinGecko and Synthetix.
The mission of The Graph is to move away from this hosted service and eliminate the possibility for single points of failure or control in APIs, servers or databases.
The Graph network allows for applications to be serverless, meaning they will be unstoppable and uncensorable, as they will no longer rely on any single point of failure. The network will instead run on a network of nodes that are incentivized to keep the service running.
To ensure the integrity of the data being queried, users of The Graph will use Graph Tokens (GRT). GRT is an ERC20 token that is awarded to and locked up by those who are providing services to The Graph. Those who are consuming services through The Graph will pay in GRT.
Interaction with The Graph can be through one of four roles. The full tokenomics and contributions involved with each role can be found in the GRT Token Economics here.
Stake Capital will be playing the role of Curator.
The Graph 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 on 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.
Congratulations to The Graph for their continued hard work and development, we await the launch of mainnet!
About The Graph
The Graph is the indexing and query layer of the decentralized web. Developers build and publish open APIs, called subgraphs, that applications can query using GraphQL. There is a hosted service in production that makes it simple for developers to start building on The Graph, and the decentralized network will be launching later this year. The Graph currently supports indexing data from Ethereum, IPFS, and PoA with more networks coming soon. To date, over 3,000 subgraphs have been deployed by thousands of developers for applications, such as Uniswap, Synthetix, Aragon, Gnosis, Balancer, Livepeer, DAOstack, AAVE, Decentraland, and many others.
If you are a developer building an application or Web3 application, you can use subgraphs for indexing and querying data from blockchains. The Graph allows applications to efficiently and performantly present data in a UI and allows other developers to use your subgraph too! You can deploy a subgraph or query existing subgraphs that are in theGraph Explorer. Join The Graph community by introducing yourself in their Discord for technical discussions, join their Telegram chat, or follow them on Twitter.
About Stake Capital
Stake Capital supports a range of different DeFi services and derivative products via our revenue sharing DAO. With Stake Capital, you can effortlessly deploy a range of strategies to maximise the return on your digital assets, including compounding via lending, borrowing, leveraging, swapping, arbitrage and staking-as-a-service, as well as earning DeFi fee revenue, via StakeDAO.