DON'T MISS THIS FREE AND CONFIRMED AIRDROP FROM GRVT BACKED BY MATTER LABS AND MATRIX PARTNERS 🪂

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14 Apr 2024
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GRVT AIRDROP 🪂


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What exactly is GRVT?


GRVT is a hybrid cryptocurrency derivatives exchange (HEX) that provides self-custody trading, lightning-fast execution, high liquidity, capital efficiency, and competitive costs. It has two separate trading modes to accommodate both professional and amateur traders. GRVT, which is powered by zkSync technology, takes advantage of zk-rollups to provide unrivaled security and scalability. GRVT created its hybrid exchange (HEX) around three pillars: safety, simplicity, and scalability.

While CEXes provide traders with a rapid, efficient, and cost-effective platform, recent events have exposed their flaws. The collapses of high-profile platforms such as Celsius and FTX, as well as the failures of traditional banks such as Silvergate and Silicon Valley Bank, have emphasized the issue of counterparty risk. Placing reliance in a centralized entity, no matter how powerful, is not completely secure.

DEXes have developed as an alternative, advocating for a system in which users retain complete control of their funds, eliminating the need for intermediaries. However, they are not ideal. They frequently struggle to handle huge transactions and sophisticated trades. They utilize a lot of jargon and are hostile to users. They also pose additional concerns, such as smart contract vulnerabilities and trade manipulation and front-running, which are made possible by the transparency of on-chain trading data.

Given this backdrop, the crypto ecosystem is primed for ground-breaking ideas. GRVT is driving this revolution by challenging CEX dominance with its hybrid exchange model, which bridges the gap between blockchain security and centralized exchange efficiency. This endeavor will begin with the implementation of a Central Limit Orderbook (CLOB) for trading crypto options and perpetuals, as well as a Request For Quote (RFQ) for derivatives combination block trades.

Zksync tweeted about them.


In terms of funds raised, GRVT raised 9.30 million dollars. They are the first official appchain on zkSync's Hyperchain and have received funding from Matter Labs, the founders of zkSync.
https://crypto-fundraising.info/projects/grvt/


You can see on their roadmap Phase 1 and Phase 2 reward programs.


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