GRVT Partners with rhino.fi to enhance cross-chain self-custodial trading

In this post: 

• GRVT, a licensed on-chain exchange, has partnered with rhino.fi, an intent-based liquidity network, to enhance cross-chain self-custodial trading.
• GRVT’s total trading volume surged to $8 billion, with 500K transactions achieved just one week after the integration’s soft launch. 
• The collaboration will host joint campaigns starting June 23rd to incentivize users bridged via rhino.fi.

GRVT, a licensed on-chain exchange, has partnered with rhino.fi, an intent-based liquidity network, to boost cross-chain self-custodial trading. The collaboration plans to host joint campaigns beginning on June 23rd to incentivize bridged users via rhino.fi. The campaigns will offer a prize pool of 12,000 USDT and 700,000 GRVT points. 

Since the announcement, the exchange platform’s total trading volume has grown to $8 billion. GRVT achieved a transaction volume of 500K one week after the integration’s soft launch, with the figure expected to increase in the upcoming days, signaling positive investor confidence.

GRVT can directly onboard users from Solana, BSC, TRON, and Arbitrum

The partnership allows users to onboard GRVT directly from Solana, BSC, Arbitrum, and TRON through the rhino.fi API. Rhino.fi plans to expand cross-chain compatibility to over 30 chains in the future. Hong Yea, co-founder and CEO of GRVT, commented that the partnership with rhino.fi marked an essential step towards seamless self-custodial trading on chain. He added that enabling users to bridge assets directly into GRVT from cross chains is tearing down the technical and accessibility barriers that have held the DeFi ecosystem back from actual adoption. 

GRVT CEO revealed that the collaboration brings faster onboarding, broader access, and a frictionless trading experience without compromising the custody of user funds. The exchange platform has been designed to offer users the same trading experience as a central exchange, but with a difference. It offers self-custody to remove exchange counterparty risk if the exchange runs into problems, user funds remain safe and under their complete control.

Dan Yanev, CEO and co-founder of rhino.fi, said that the on-chain exchange exemplifies the promise of app chains, combining high performance with regulatory readiness. He added that rhino.fi is proud to connect GRVT to the broader DeFi ecosystem through instant and zero slippage transfers.

The collaboration plans campaigns to incentivize bridged users

Users can earn rewards simply by bridging into GRVT and trading during the campaign window. The campaign is expected to begin on June 23rd, and rewards, including a 12,000 USDT drop and 700,000 GRVT points, will be shared among the participants. Full details of the campaign will be shared on the official sites for GRVT and rhino.fi, as well as on social platforms.

rhino.fi, a cross-chain bridge and liquidity network, is expected to enhance the integration with GRVT by capitalizing on its high-speed and low-cost network transfers of stablecoins between 35 different blockchains. The cross-chain platform has served over 2.3 million customers, processed more than $4 billion in transaction volume, and has been invested in by Bitfinex/Tether and LightSpeed Venture Partners.  

GRVT average spreads have tightened since its Mainnet, offering better liquidity, lower slippage, and more value per trade for traders, increasing investor confidence towards the collaboration.