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Yesterday's interest rule adjustments regarding #GRVT triggered a wave of withdrawals and FUD.

CN
Rocky
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3 hours ago
AI summarizes in 5 seconds.

Yesterday, the withdrawal surge and FUD triggered by the interest rate rule adjustment regarding #GRVT did not make me anxious at all as an experienced crypto investor. In fact, I am also participating in scoring and depositing on the GRVT platform, and I feel it's necessary to explain the logic behind my initial decision to invest.

First of all, asset security is definitely a priority. As long as my private key is in my hands, and my funds are locked in open-source Ethereum mainnet contracts, I feel safe. The structure of GRVT means that withdrawing funds is not just a matter of the GRVT boss clicking a mouse; it requires passing through a set of ZK mathematical algorithms for verification. If GRVT wants to embezzle, it would need to forge a set of ZK proofs that even the Ethereum mainnet cannot recognize, which is practically impossible by current mathematical and cryptographic standards. The adjustment of the interest rate rules is merely an operational change and does not affect the underlying security architecture.

Moreover, GRVT is a flagship application heavily supported on zkSync, utilizing zkSync's Hyperchain architecture. This means its security is bound to zkSync. If you want to FUD the financial security of GRVT, you are essentially FUDing zkSync and even FUDing the ZK technology itself.

Based on the official responses and on-chain data provided so far, it has basically been confirmed that the congestion is only temporary and does not involve any security issues. This withdrawal congestion is more akin to an instant surge in traffic caused by rule changes, similar to customers lining up at a bank during a "run" rather than the bank's vault being empty. As long as the ZK Verifier contract is functioning properly, the money is there and cannot run away, so there is absolutely no need to panic; just continue scoring points and wait for the TGE to arrive!🧐


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