What Is GRVT Liquidity Provider?
GRVT Liquidity Provider (GLP) is the in-house market making vault on the GRVT perpetual future DEX. GLP provides liquidity across GRVT’s trading pairs through automated market-making strategies, similar to Hyperliquid Provider Vault (HLP) on Hyperliquid and MegaVault on dYdX.
Users can deposit capital into the GLP vault and earn yield from the market-making activity. The vault acts as a counterparty to trades on the platform, earning profits from bid-ask spreads, trading fees, and funding rate payments.
As a protocol-operated vault, GLP is one of several GRVT Strategy vaults available on the platform, but is distinguished by being managed by the GRVT team itself rather than third-party strategy managers.
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