{
  "schemaVersion": 1,
  "id": "grvt",
  "version": "1.1.0",
  "name": "GRVT",
  "reviewedAt": "2026-10-22",
  "reviewIntervalDays": 14,
  "reviewer": "Decentralised News editorial research",
  "evidenceType": "provider_documentation",
  "liveTested": false,
  "summary": "GRVT still separates Single-Asset and Multi-Asset Margin, with USDT settlement and USDC collateral support under MAM. Current docs now specify CVRs, hourly borrowing, current 9-tier trading fees and MAM repayment charges, while withdrawal pages still differ slightly on route-fee presentation.",
  "scope": "Provider-documentation review of GRVT perpetual trading. Not a live execution test, exhaustive product inventory, security audit or individual eligibility assessment.",
  "decisionTitle": "Check the margin mode before counting your collateral.",
  "decisionContext": "Deposit currency, usable margin and settlement currency are separate questions. Confirm the actual account mode and funding route before relying on a general USDC-support statement.",
  "sources": [
    {
      "id": "margin",
      "name": "GRVT multi-asset margin guide",
      "url": "https://help.grvt.io/en/articles/16857432-multi-asset-margin-a-complete-guide",
      "reviewedAt": "2026-10-22"
    },
    {
      "id": "deposit",
      "name": "GRVT USDC deposit route",
      "url": "https://help.grvt.io/en/articles/12275552-depositing-usdc-into-grvt",
      "reviewedAt": "2026-10-22"
    },
    {
      "id": "fees",
      "name": "GRVT fee model",
      "url": "https://help.grvt.io/en/articles/9614699-how-does-grvt-s-fee-model-work",
      "reviewedAt": "2026-10-22"
    },
    {
      "id": "withdrawal",
      "name": "GRVT deposit and withdrawal fees",
      "url": "https://help.grvt.io/en/articles/9635479-are-you-charging-any-fees-on-deposits-and-withdrawals",
      "reviewedAt": "2026-10-22"
    }
  ],
  "networks": [
    {
      "id": "grvt",
      "name": "GRVT perpetual trading (review scope)",
      "collaterals": [],
      "collateralNote": "The MAM guide lists USDT and USDC; Single-Asset Mode uses USDT. Haircuts and account settings affect usable margin."
    }
  ],
  "claims": [
    {
      "id": "collateral",
      "question": "Does holding USDC always provide margin?",
      "label": "Provider-reported",
      "finding": "MAM currently supports USDT and USDC; USDT is always enabled and USDC is enabled by default but can be toggled. Current CVRs are documented at 99.8% for USDT and 99.5% for USDC, so Margin Balance is haircut-adjusted rather than equal to Total Equity.",
      "consequence": "Check margin mode, enabled collateral and haircut-adjusted Margin Balance rather than using raw stablecoin balances as buying power.",
      "sourceIds": [
        "margin"
      ]
    },
    {
      "id": "borrowing",
      "question": "Can a stablecoin balance still create a borrowing cost?",
      "label": "Provider-reported",
      "finding": "Perpetuals still settle in USDT. Under MAM, a USDT shortfall can auto-borrow USDT against other collateral and accrue hourly interest. Current docs also describe manual, automated and liquidation repayment paths with conversion fees.",
      "consequence": "Model debt interest and repayment/conversion fees separately from trading fees and funding. A positive Total Equity balance does not rule out USDT debt.",
      "sourceIds": [
        "margin"
      ]
    },
    {
      "id": "deposit",
      "question": "Is the deposit route the same as collateral support?",
      "label": "Provider-reported",
      "finding": "The USDC deposit article describes automatic conversion to USDT through Rhino. The newer MAM guide separately describes USDC held as collateral.",
      "consequence": "These describe different flows. Verify the selected deposit preview and resulting asset; do not assume every USDC deposit stays USDC.",
      "sourceIds": [
        "deposit",
        "margin"
      ]
    },
    {
      "id": "fees",
      "question": "Which fee schedule applies?",
      "label": "Provider-reported",
      "finding": "The current fee page uses a 9-tier 30-day-volume schedule. Perps maker rates range from -0.0001% to -0.0030% and taker rates from 0.0450% to 0.0240%. Under MAM, converting collateral to repay USDT debt adds a fee with a 0.1% floor; current USDC examples are 0.1% manual, 0.125% automated and 0.25% liquidation repayment.",
      "consequence": "Use the current tier and order side, then add funding, borrow interest and any repayment conversion fee. Maker rebates do not imply a negative all-in trading cost.",
      "sourceIds": [
        "fees"
      ]
    },
    {
      "id": "withdrawal",
      "question": "Can a single published withdrawal figure cover every route?",
      "label": "Documentation difference",
      "finding": "The fee-model page currently lists flat network amounts such as 2 USDT on Ethereum, 1.01 USDT on Arbitrum/BNB, 1.5 USDT on Solana and 1.4 USDT on Tron. The dedicated withdrawal article instead describes Ethereum as 2 USDT and Rhino routes such as Arbitrum/Base/BNB/Tron/KAIA/Solana as 1 USDT plus Rhino gas.",
      "consequence": "A small documentation difference remains. Use the live withdrawal quote and route rather than relying on either static page as a universal total.",
      "sourceIds": [
        "fees",
        "withdrawal"
      ]
    },
    {
      "id": "risk",
      "question": "Does multi-asset collateral prevent liquidation?",
      "label": "Provider-reported",
      "finding": "MAM measures liquidation risk against haircut-adjusted Margin Balance. The current guide says margin-call notification occurs at 90% MMR and liquidation begins at 100%, with automatic conversions possible during stressed repayment paths.",
      "consequence": "Multi-asset collateral increases flexibility but does not eliminate liquidation or conversion risk. DN has not reproduced these events.",
      "sourceIds": [
        "margin"
      ]
    }
  ],
  "illustration": null,
  "unknowns": [
    "Current executable quotes and all-in holding costs",
    "Independent fill, stop-loss and withdrawal reliability",
    "Live signing permissions and revocation behaviour",
    "Individual eligibility and current regional restrictions"
  ],
  "history": [
    {
      "date": "2026-10-22",
      "type": "DN evidence review",
      "detail": "Re-opened the four cited GRVT help pages. This version adds current CVRs, 9-tier fee rates and MAM repayment-fee mechanics, and narrows the remaining withdrawal documentation difference. No live trade, borrow, conversion, withdrawal or eligibility test was performed."
    },
    {
      "date": "2026-10-14",
      "type": "DN publication",
      "detail": "Initial documentation brief. Account-specific conditions and evidence limits are preserved in this version."
    }
  ],
  "reviewTriggers": [
    "Changed official product, fee or margin documentation",
    "A substantiated correction",
    "The 14-day editorial review deadline"
  ],
  "disclosure": "DN may receive compensation through commercial links elsewhere on the site. This brief contains no trading CTA or payout-based ranking. A documentation review does not establish current operational status or user eligibility."
}