Grvt platform (pronounced 'gravity') is introducing a new incentive aimed at encouraging retail traders by offering a -0.01% commission. This innovation may change market dynamics.
Rebate for Retail Traders
On August 17, Grvt announced a new update introducing a -0.01% maker fee rebate for all users. This move allows retail traders to be compensated for placing orders in the same way institutional players do. Hong Yea, co-founder and CEO of Grvt, stated: "By offering rebates that pay retail traders for placing maker orders, we’re not only boosting market depth but also creating conditions that attract greater institutional taker flow."
Advantages of DeFi over CEX
Grvt aims to attract more retail liquidity and provide more favorable conditions for its traders compared to centralized exchanges (CEX). In traditional markets, only market makers receive rebates, while Grvt offers advantages to all users, which may lead to lower hidden costs and improved trading conditions.
Development of Grvt and Its Goals
Grvt is a peer-to-peer platform that supports privacy and high transaction throughput through zkSync technology. Despite the advantages of DeFi in security and privacy, the platform recognizes that it lags in adoption among retail traders compared to CEX, which lead in traded volume and user numbers.
With the launch of new incentives for retail traders, Grvt aims to create a more equitable and liquid market, which may increase interest in DeFi among a broader audience.
