Building the next generation fintech experience.

When we started building Grvt, we weren’t trying to launch another exchange.

We were asking a deeper question: If modern financial applications have already expanded what capital can do, why does capital still feel structurally inefficient?

Over the past decade, platforms have competed on capital utility, adding more markets, more derivatives, more tools. Spot became perps. Perps expanded into FX, commodities, equities, structured products, staking, lending, and tokenized assets.

Utility expanded horizontally.

But underneath that expansion, capital remained fragmented, because the current financial structure requires duplication and coordination costs.

We believe the next evolution of financial applications is not just about expanding utility.

It’s about increasing capital productivity. We believe there's a better way.

A Closer Look at The Problem

Today, everyday users face a fundamental problem: capital inefficiency paired with counterparty risk.

If you want to earn interest on your USDC, you deposit it into a lending protocol or exchange. That capital is now locked for earning. If you want to trade, you need to move capital into a trading account, idle until you execute. If you want to access professional investment strategies, you're forced into opaque funds with lockups, high minimums, and blind trust in centralized intermediaries.

This fragmentation means:

• Money sits idle across balances, earning nothing
• You're constantly moving capital, paying fees and missing opportunities
• On centralized exchanges, you give up custody and take on counterparty risk
• You can't access institutional-grade strategies without sacrificing transparency or control

The irony is that blockchain was expected to eliminate these inefficiencies. Yet most platforms simply expanded horizontally, adding more markets and products, without fundamentally redesigning how capital coordinates across them.

We saw an opportunity to rebuild the entire architecture from the ground up.

The "Exchange Designed to Pay You" Vision

From day one, our north star has been simple: design an exchange where capital works for you, not against you.

This means rethinking everything:

• No more choosing between earning and trading. Your deposits should earn yield and be usable as margin simultaneously.
• No more blind trust. Your funds should remain in your custody, verifiable on-chain, with full transparency into where they're deployed.
• No more technical complexity. Self-custody shouldn't require a PhD. The experience should feel as intuitive as the fintech apps you already use.

We didn't want to build another PerpDEX competing for the same 2 million crypto-native traders. We wanted to build something bigger: a fintech experience designed for the next 20 million users, advanced retail traders and crypto-savvy wealth builders who want structural advantages, not just another trading venue.

Here's what that means in practice:

Earn: Your Capital Never Sleeps

Deposit USDC or USDT and immediately start earning up to 11% yield that is transparent, on-chain, and self-custodial. We don't create yield out of thin air. The yield is generated via transparently in 2 ways:

• Revenue sharing: we are sharing with our users our trading fees revenue in form of yield.
• Trustless L1 Yield: we deploy your funds trustlessly to battle-tested Ethereum Layer 1 protocols through ZKsync Atlas's first-of-its-kind interoperability.

Your funds remain tokenized and in your custody. No black boxes. No intermediaries. No counterparty risk.

And here's the breakthrough: unlike traditional exchanges, your yield-bearing balance still functions as trading margin. Your capital works twice as hard.

Trade: Capital Efficiency, Redefined

Expanding markets is table stakes.

The real question is: Does your capital fragment as you access them?

Grvt lets you trade perpetuals, crypto today, with FX, commodities, and equities coming next, using the same deposits that are already earning yield.

We've also flipped the traditional fee model on its head. On most exchanges, you pay to provide liquidity. On Grvt, you get paid. Maker Rebates mean the more you trade, the more you earn, not the other way around.

All of this happens with CEX-level execution speed and self-custodial settlement on-chain. You don't sacrifice performance for decentralization.

Invest: Strategy Access Without Capital Lock-Up

For decades, institutional-grade investment strategies have been locked behind high minimums, gatekeepers, and opaque fund structures, which are reserved for the wealthy few. Grvt changes that.

We're giving everyone access to professionally managed strategies that deliver institutional returns, with no minimum investment required. Whether you have $100 or $100,000, you can access the same sophisticated, delta-neutral strategies previously available only to hedge funds and family offices.

Our flagship Grvt Liquidity Provider (GLP) vault is a perfect example: ~21% APR with an 11.3 Sharpe ratio, professionally managed by experienced traders from Optiver and Ampersand. Fully transparent. No lockups. Your custody, your control.

Most importantly, allocation does not automatically remove capital from your broader balance.

Investing should not mean isolation.

Thank You to the Community

Since launching mainnet in December 2024, the response has been overwhelming. We've grown to become the Top 5 DEX by volume on DefiLlama, with over $98M+ in TVL at peak and $508M+ in open interest.

But the numbers only tell part of the story. What matters more is why people are choosing Grvt: because it fundamentally changes the value equation. Traders are seeing ~2.3x profitability increases compared to centralized exchanges thanks to our rebates design and capital efficiency. Users are earning yield on balances that were previously idle. Investors are accessing strategies that were previously locked behind institutional gates.

This is just the beginning, and none of it would be possible without the early believers, contributors, and community members who've joined us on this journey. Thank you.

What's Next: Join the Journey

We're building toward a world where your wealth builds itself, intelligently, around you.

The PerpDEX market is ~2 million users. The market we're building toward is ~20 million users globally, including advanced retail traders and crypto-savvy wealth builders who want structural advantages. And they are broader access, higher capital productivity, and a frictionless experience.

We're not just building an exchange. We're building the financial infrastructure for a new generation.

If you believe, like we do, that your capital should work harder, earning, trading, and investing seamlessly from One Balance, we invite you to join us.

Here's to building the future, together.

— The Grvt Team

Ready to get started? Visit grvt.io and experience the exchange where your capital never stops working.