Grvt  is built on the premise that DeFi must deliver practical advantages for users to achieve mainstream adoption. These advantages should go beyond what traditional brokerages, fintechs, and exchanges can offer. They should also extend beyond the core properties of present-day DEXes; self-custody, transparency, and permissionless access. Grvt, the exchange designed to pay you, centers its value proposition on a one-balance system that maximizes capital productivity. The same capital can earn yield on Ethereum while simultaneously serving as trading and investing margin. 

Today, we are excited to give our community a major update on the next milestone in our journey: the launch of the $GRVT token. 

$GRVT will be the core coordination mechanism that routes benefits of this systemic capital efficiency directly back to our users. We are pioneering a radical new standard: an exchange designed to pay you.

The $GRVT Token

Supply

Grvt will have a fixed supply of 1,000,000,000 tokens (1 Billion $GRVT). There will be no inflation beyond this cap.

Allocation

The $GRVT token will serve as the membership key to the entire Grvt ecosystem. Holding the token drastically improves the user experience across all platform verticals:

• Trade: better trading fees, increased margin efficiency and pro trading features.
• Invest: higher allocation to GLP vault, early and priority access to new vaults.
• Earn: higher APY and allocation, lockup rewards, and principal insurance
• Pay: better FX and on/off ramp fees, cashback in $GRVT on payments with Grvt Card.

Users can secure these benefits through two equivalent pathways:

1. Fiat Subscription: A flat monthly fee paid in USD.
2. Token Staking: Staking $GRVT at a multiple of the annual subscription cost, which concurrently earns yield on the locked tokens.

The Economic Model: Lessons from Traditional Markets

To engineer a sustainable and high-retention membership program that creates lasting demand for $GRVT, we studied what actually works across industries. Some of the world's most valuable companies in retail, e-commerce, and fintech share a common playbook: they operate their core business at maximum efficiency, then pass the majority of that value back to their members through lower prices, better rates, and exclusive perks. What makes these programs so sticky is compounding utility, every time the platform expands into a new vertical, the membership becomes more valuable without costing the member anything extra. Modern fintech platforms apply the same logic, rewarding subscribers with superior rates and priority access as their product suite grows.

$GRVT applies this proven principle across its Trade, Invest, Earn, and Pay verticals, but with a crypto-native advantage: holding or staking $GRVT is the key to access the membership program. Token holders receive better trading fees, higher yields, increased AUM caps, and priority access to new products and as GRVT grows and adds new verticals, those benefits compound automatically. It's a membership that grows with the platform.

Value Accrual and Strategic Buybacks

The platform's tokenomics are explicitly structured so that 100% of the protocol's economic surplus ultimately accrues to $GRVT holders. Generated revenue is systematically routed into two primary channels:

• Ecosystem Reinvestment: Capital is deployed into R&D, market expansion, operational infrastructure, and the continuous enhancement of the Grvt platform. Major capital allocations and investments are determined in consultation with the community.
• Token Buybacks: The remaining economic surplus funds systematic $GRVT buybacks, executed through a strategic combination of regular Time-Weighted Average Price (TWAP) purchases and opportunistic market buys.

This dual-channel allocation closely mirrors traditional, high-growth enterprise capital allocation. By continually reinvesting in superior products and lower fees, the Grvt drives deeper user adoption and revenue growth.

The Foundational TAM of $GRVT

As the scope of Grvt extends across our trade, invest, earn and payments verticals, the Total Addressable Market (TAM) for $GRVT also expands beyond a Perp DEX. Grvt’s architecture, powered by the ZkSync stack, allows us to extend our TAM by tapping directly into the largest concentration of on-chain financial activity in existence: Ethereum L1.

Ethereum hosts $166B+ in DeFi TVL across 58+ protocols, stablecoin supply has crossed $200B. For Grvt, every one of these protocols and every one of these assets represents an accessible market surface. Blue-chip protocols such as Aave, Morpho, Pendle, Ethena and major stablecoin issuers can get direct integrations built and maintained by Grvt, making Ethereum's entire financial surface accessible from one balance on one platform.

As these integrations compound, Grvt will become the utility layer where Ethereum's fragmented markets are aggregated into a single venue across Trade, Invest, Earn, and Pay. 

$GRVT will be the token that captures the value flowing through it.

Updated TGE Timeline

As we execute our roadmap towards realizing Grvt’s ultimate vision, our top priority is making sure the $GRVT token launch is a defining moment for our community, one that rewards your support, deepens your engagement, and sets the stage for everything ahead. 

To ensure $GRVT immediately captures the full value of the platform and launches into a thriving, highly liquid ecosystem from day one, we have decided to move the target date for $GRVT TGE to the end of June 2026.

This updated timeline is a strategic alignment to ensure we hit the market with maximum impact. We are setting up for a successful token launch by focusing on three core pillars of readiness in the coming months:

Product

For $GRVT to thrive, it needs to power a fully realized platform that solves the user capital productivity problem. In the coming months we will focus on creating a comprehensive ecosystem that captures the complete capital flow from one unified balance:

• Earn: deployment of Grvt’s Yield Layer infrastructure, starting with our upcoming Aave integration.
• Pay: Frictionless fiat integration, Real-world utility through cards and payments.
• Trade: Spot markets going live by the end of April.

User Traction

The GRVT ecosystem has been steadily growing and our foot is still firmly on the gas. Our team is relentlessly focused on driving further expansion to ensure $GRVT launches at the absolute peak of its momentum.

Since the start of Season 2, we have laid a massive foundation, but we are far from done. Here are the milestones we've achieved so far

Token Demand

We are constructing the $GRVT supply and demand to ensure immediate and sustained buying pressure for $GRVT. Here is what we are planning to do to achieve sustainable demand from day one:

• Buyback Program: As mentioned above, we will implement a systematic approach to reinvesting ecosystem value and driving token utility.
• Staking Features: We will reward long-term conviction through comprehensive point and token staking.
• Institutional Backing: We will raise capital from institutional investors to secure Day 1 anchor buyers
• CEX Listings: we will work on multiple listings across tier 1 exchanges.

Season 2 Extension: A Larger Slice of the Pie

More time to build shouldn't mean diluted rewards or stretched patience for our community. Our core philosophy is that the exchange is designed to pay you, and this updated timeline must reflect that.

We are extending Season 2 to bridge the gap to TGE, and we are scaling the rewards proportionally to ensure your time and capital are continuously respected: Season 2 token allocation is increasing from 12% to 18% of the total supply.

All mechanics function identically to the current Season 2 setup:

• Grvt continues to emit points weekly based on trading volume.
• Ways to earn points remain the same: Trading Volume, Open Interest, Liquidations, Holding TVL, Referrals, and Providing Liquidity (maker trades).
• The weightage between these categories is unchanged.

We're building a product that has never existed before, an exchange truly designed to pay you. None of it would be possible without your trust, your feedback, and your conviction. Thank you for being on this journey with us. The best of Grvt is yet to come.