GRVT: The Next-Generation Hybrid Crypto Exchange

By Heath Muchena | Decentralised News | 12 Sep 2024

What is GRVT?

GRVT (pronounced ‘gravity’) is a hybrid derivatives exchange (HEX) that merges the benefits of traditional finance (TradFi), centralized finance (CeFi), and decentralized finance (DeFi). With Matter Labs as an early investor, GRVT is constructing the first official hyperchain on ZKsync, leveraging the ZK Stack technology. It offers a unique self-custodial model where users have complete control over their funds while enjoying a user experience similar to a centralized exchange (CEX).

Why GRVT is the Game-Changer for Crypto Traders in 2024?

Complete your KYC, you’ll receive 80 ZK tokens and 20 raffle tickets.

Plus, if you use the special referral code: 8YKP2VP, you’ll get an extra 20 raffle tickets.

How to Use GRVT

Go to https://grvt.io/ and sign up.

You have the option to create a personal account if trading for yourself or company account if operating as a business.

Enter invite code 8YKP2VP to earn points.

Confirm your email.

Now you can proceed to complete the KYC process which is the most important step. Don’t worry, GRVT makes it easy, secure, and rewarding!

Step-by-Step Guide to Completing Your KYC on GRVT

Submit Proof of Identity: Follow the on-screen instructions to submit your official documents. Make sure you use valid documents like your passport, driver’s license, national ID, or residence permit.

Upload your ID details.

Complete Face Verification: Next, take a quick selfie to match it with your ID. It’s fast and straightforward!

Enter the additional required info including source of funds.

Enter your address details. Submit Proof of Address (if requested).

Review and Wait: Once you’ve submitted your documents, they will be reviewed. You’ll receive an email notification once your verification is complete. And if you run into any issues, it’s easy to reach out to the support team on the GRVT Discord channel.

Here’s the exciting part! As soon as you complete your KYC, you’ll receive 80 ZK tokens and 20 raffle tickets. Plus, if you use the special referral code: 8YKP2VP, you’ll get an extra 20 raffle tickets. So, make sure to take advantage of this opportunity to start earning rewards right away!

Why Is GRVT’s KYC Process Strict?

You might wonder why the KYC process is so strict. It’s all about safety, simplicity, and scalability. KYC helps GRVT keep your funds safe, prevent regulatory issues, and attract institutional investors. Your security is their top priority, which is why they’ve partnered with independent providers like ComplyCube.

GRVT Testnet Tutorial

Open Beta is now live! Join now and complete quests to earn exclusive early access rewards. You will be redirected to Testnet. Create a Testnet account to explore features.

Getting Started:

Register: Wallet, Funding Account, and Trading Account
Mint: Testnet tokens
Explore: GRVT’s Open Beta features

GRVT is launching it’s own wallet but you can also use popular wallets such as MetaMask.

Once your wallet is connected, you can access the perpetual market but GRVT will soon be introducing other products. GRVT will be more than Perpetual Trading only. Options and Spot trading will be added next year. With expansion into other financial products after. In addition, trading via API will also be available. Furthermore, trading tools via TradingView will be made available.

Deposits are supported via the Ethereum and Arbitrum networks, with options for direct crypto purchases through bank transfers or credit cards.

Set up wallet, create your funding and trading accounts.

Deposit funds or simply mint testnet tokens.

Now you can proceed to place some test trades.

In this demonstration, we take a long position and confirm the order.

Safe, Simple, Scalable: The Core of GRVT

Safe: GRVT ensures asset protection through self-custodial fund management, safeguarding users against theft and exchange hacks. Funds are held on blockchain-secured smart contracts, accessible only with a private key, and protected by zero-knowledge proofs on Ethereum and wallet signatures on its Validium chain. The platform’s security features integrate Web2 measures like usernames, passwords, and two-factor authentication (2FA) with Web3 standards, ensuring a secure and user-friendly environment.
Simple: GRVT offers a seamless and user-friendly experience with a Web2 interface that eliminates crypto jargon and simplifies transactions. Users can trade without needing a separate wallet, deposit seamlessly, and enjoy gas-free transactions with high throughput and low latency.
Scalable: Built with a hybrid architecture combining on-chain and off-chain components, GRVT is designed to handle large-scale trading activities. The platform features a fast off-chain order book capable of processing 600,000 transactions per second (TPS) with single-digit millisecond latency. This setup allows it to cater to both individual and institutional investors while maintaining low operational costs and regulatory compliance.

Hybrid Trading Model

GRVT’s hybrid trading model offers the best of both worlds: the security and transparency of decentralized exchanges (DEX) and the efficiency and user-friendliness of centralized exchanges (CEX). The platform employs dual off-chain and on-chain risk management, efficient off-chain trade matching, and on-chain settlement and margin management. Additionally, on-chain privacy is maintained through zk-proof Validium technology, ensuring private transaction details remain secure.

GRVT Fees and Rewards

GRVT employs a tiered fee structure with nine levels, allowing for competitive maker and taker fees based on trading volume and total assets. The platform also charges liquidation fees and flat-rate withdrawal fees to cover on-chain gas costs.

GRVT’s reward program offers multiple opportunities to earn tokens, including:

Ecosystem Reward: 3% of the total token supply, rewarding users based on direct and indirect invites.
Trader Reward: 4% of the total token supply, based on trading fees paid by the user.
Liquidity Provider Reward: 4% of the total token supply, rewarding users for providing liquidity and quoting buy/sell orders.

Users can participate in these programs by completing tasks on the GRVT Reward Portal and inviting friends, with the potential to earn ZK Tokens and Raffle Tickets.

Referrals

GRVT invites users to complete their KYC verification to receive 80 ZK Tokens and 20 Raffle Tickets. Additional rewards can be earned by completing tasks on the GRVT Reward Portal.

Conclusion

GRVT is set to disrupt the boundaries of TradFi, CeFi, and DeFi with its innovative hybrid model, combining the benefits of security, simplicity, and scalability. With a focus on self-custody, regulatory compliance, and a robust reward system, GRVT is poised to become a leading player in the world of hybrid derivatives trading.

Originally posted on Decentralised News

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