GRVT AIRDROP GUIDE 🪂

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13 Mar 2024
27

GRVT AIRDROP 🪂


Cost: $0
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What exactly is GRVT?


GRVT is a hybrid cryptocurrency derivatives exchange (HEX) that offers self-custody trading, lightning-fast execution, high liquidity, capital efficiency, and competitive pricing. It offers two distinct trading modes to accommodate both expert and novice traders. GRVT, which is powered by zkSync technology, utilizes zk-rollups to deliver unparalleled security and scalability. GRVT based their hybrid exchange (HEX) on three pillars: safety, simplicity, and scalability.

While CEXes offer traders a quick, efficient, and cost-effective platform, recent occurrences have shown shortcomings. The failures of well-known platforms such as Celsius and FTX, as well as traditional institutions like Silvergate and Silicon Valley Bank, have highlighted the issue of counterparty risk. Placing trust in a centralized entity, no matter how powerful, is not entirely secure.

DEXes have emerged as an alternative, pushing for a system in which users have entire control over their cash, hence eliminating the need for intermediaries. However, they are not perfect. They frequently struggle to manage large transactions and complex trades. They use a lot of jargon and are nasty toward users. They also raise worries about smart contract weaknesses, trade manipulation, and front-running, which are enabled by the availability of on-chain trading data.

Given this context, the crypto ecosystem is ripe for groundbreaking ideas. GRVT is spearheading this shift by challenging CEX's dominance with a hybrid exchange architecture that combines blockchain security and centralized exchange efficiency. This project will start with the creation of a Central Limit Orderbook (CLOB) for trading cryptocurrency 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 7.10 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/


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