Target Information

GRVT is a pioneering hybrid derivatives exchange developed by founders Hong Gyu Yea, Matthew Quek, and Aaron Ong. This innovative platform utilizes zkSync technology to offer a seamless trading experience that combines the efficiency of centralized exchanges with the security of self-custody for users' funds. GRVT aims to transform the trading landscape by addressing the critical challenges faced by existing derivatives exchanges, notably high counterparty risks and subpar user experiences.

The platform leverages an advanced off-chain order book system and on-chain settlements through smart contracts, processing transactions at incredible speeds. By maintaining self-custody of assets, GRVT significantly reduces risks associated with traditional exchange failures, positioning itself as a game-changer in the crypto derivatives space.

Industry Overview

The growth trajectory of crypto derivatives exchanges has been impressive since their inception, catalyzed by groundbreaking platforms like Bitmex that introduced the concept of perpetual contracts. These innovations not only simplified leverage usage but also electrified the market, creating a sustained surge in trading activities. This initial wave of adoption set the stage for further advancements in the derivatives trading landscape.

Despite the advantages, trading has largely remained centralized, with platforms like dYdX struggling to capture mainstream attention due to performance issues and complex user experiences stemming from blockchain limitations. The necessity for a more advanced and accessible derivatives trading infrastructure has never been more evident, particularly following the FTX collapse in late 2022, which exposed systemic vulnerabilities in centralized finance.

The fallout from the FTX event triggered a renewed focus on decentralization principles, emphasizing the importance of user control over assets. As traders and investors seek secure solutions free from the threat of centralized failures, the demand for innovative platforms that combine the benefits of both centralized and decentralized models will grow.

In this evolving landscape, GRVT emerges as a potential leader, offering an all-encompassing suite of trading options that cater to both retail and institutional traders. By capitalizing on the industry's need for transparency and reliability, GRVT aims to redefine the standards of derivatives trading.

Rationale Behind the Deal

The impetus for supporting GRVT is rooted in the need for a sophisticated derivatives exchange that overcomes the failings of previous platforms. The crypto industry is at a crossroads, necessitating a hybrid model that fuses performance with security. GRVT's approach aligns perfectly with this vision, providing a much-needed solution to traders grappling with the drawbacks of centralized exchanges.

Furthermore, the founders' collective expertise equips them to address critical industry issues effectively. With backgrounds in traditional finance, blockchain technology, and data privacy, the GRVT team possesses a unique capability to innovate and implement solutions that will resonate with traders and institutional investors alike.

Investor Information

Investors in GRVT, notably AppWorks, are motivated by a commitment to partnering with extraordinary founders dedicated to creating transformative impacts in their fields. AppWorks, with a track record of supporting innovative startups, recognized the potential GRVT has in redefining derivatives trading.

AppWorks not only provides financial support but also leverages its extensive network and resources to aid GRVT's growth trajectory. By aligning with the visionary leadership of Hong Yea, Matthew Quek, and Aaron Ong, AppWorks is playing a crucial role in bringing the GRVT vision to fruition.

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As an expert in the field, the investment in GRVT is poised to yield significant returns, given the platform's innovative features and the leadership team's exceptional qualifications. This venture addresses pressing concerns in the derivatives trading domain, notably by mitigating counterparty risks while enhancing user control and experience.

The dual-layer model of GRVT, integrating an off-chain order book with secure on-chain settlements, stands to attract a diverse user base, including institutional traders who require efficiency and safety. By providing a holistic trading experience that encompasses a wide range of financial instruments, GRVT is well-positioned to capture market share in an expanding industry.

Overall, GRVT represents not just a response to current market needs but a forward-thinking approach that anticipates the future trends of trading in the era of web3. If successfully executed, this platform could set new benchmarks for performance, security, and user engagement in the crypto derivatives space.

In conclusion, the investment in GRVT is a strategic move that aligns with the mission of fostering innovation and addressing the evolving requirements of the derivatives trading ecosystem. By combining cutting-edge technology with experienced leadership, GRVT is positioned to redefine the landscape and create lasting impacts in the crypto market.

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