A special Black Friday giveaway to celebrate this week's milestones
Like, RT, and tag 3 friends
And we'll randomly pick 3 lucky ones to drop some fresh Grvt merch
Next Double Edge Sprint starts tomorrow
Take your pick: PnL or Volume… or go for both to show off your double edge ⚔️
☼ Total prize pool: 25,000 USDT
☼ 100 winners
Details below 👇
Ethereum is now the main capital hub of ZKsync.
@grvt_io can become Ethereum's incorruptible market layer.
@hong_grvt explaining how Atlas enables completely novel use cases for @grvt_io 👇
You can now deposit USDT & USDC into Grvt via Base network
Already supported on Arbitrum & BNB Chain
💡USDC automatically converts to USDT through @rhinofi with the best rates from top spot exchanges
Just in: We’ve raised $19M in a Series A co-led by @zksync, @further, @eigencloud & @500GlobalVC. This brings our total funding to $34M.
We’re full throttle to be the first privacy DEX to unify the fragmented trillion-dollar onchain market. And take it mainstream.
Get the news below 👇
This could have been prevented. It’s tough to watch Hyperliquid’s HLP vault suffer over a $24M market cap $JELLY manipulation, exposing systemic flaws that erode trust. This industry needs a reliable DEX—a place where users can trade without constant mistrust. The $JELLY fiasco proves self-custody isn’t enough in DeFi. True safety demands proper risk controls, a paranoid mindset, and a culture where these principles are embedded in the protocol’s DNA.
Here’s what went wrong:
1. Weak Listing Standards: No liquidity or manipulation risk assessment for $JELLY allowed a thinly traded memecoin onto the platform, ripe for price swings that a simple vetting process could’ve flagged.
2. Inadequate Position Limits: Permitting a $4-8M short on a low-cap token exposed the HLP vault to outsized risk, a gap that liquidity-tied caps would’ve closed.
3. Flawed Margin Mechanics: Allowing mid-trade withdrawals of 2.76M USDC triggered instant liquidations, shifting the burden to the vault with no lockup or buffer to protect the system.
4. Lack of Privacy: Likely public position data let the trader target the vault’s inherited 398-430M $JELLY short, enabling a 560% pump and short squeeze.
5. Ad Hoc Delisting: No standardized rules forced a reactive, centralized delisting at $0.0095—far below the $0.50 oracle price—sparking chaos and a 16-22% $HYPE drop.
These failures could’ve been avoided with foresight.
Today’s regulations already address this—not just through KYC, but by enforcing controls honed over decades of TradFi best practices. Strict listing criteria would’ve rejected $JELLY. Position caps and locked margins would’ve limited exposure and prevented forced liquidations. Onchain privacy would’ve shielded positions. Clear delisting protocols would’ve ensured orderly exits, not panic. These aren’t burdens; they’re blueprints for resilience, backed by internal checks and balances to enforce compliance.
For DeFi to evolve, we must do better. The industry can’t keep lurching from exploit to exploit, bleeding user trust. A reliable DEX requires paranoia—pushing boundaries not just for decentralization but for risk management baked into the core.
At GRVT, we’re building a regulated, institutional-grade platform on our private, permissioned chain, with our vault launching in the next two months. These exploits are a stark lesson and a conviction that we’re creating what this industry desperately needs. Self-custody is vital, but it’s the controls around it that make DeFi safe. GRVT is paranoid, risk-obsessed, and compliant by culture.
It’s built different.