Recently, someone asked me what those professional terms on GRVT mean, so I might as well explain them all at once.

First, you need to understand what OI is. OI stands for Open Interest, which in Chinese is called "holding position volume." Simply put, it’s the value of contracts you have opened that haven't been closed yet. For example, if I open a $5,000 long position on BTC, then the OI is $5,000. This thing is very important on GRVT because the platform’s point rewards mainly come from the OI generated. As long as you keep your position open and don’t close it, your points will automatically accumulate.

Once you understand what OI means, you need to know what p is. p is short for Points, which are points. All rewards in GRVT Season 2.0 are calculated using points. The points are settled weekly, and when the TGE (Token Generation Event) happens, you can exchange these points for GRVT tokens. About 11 p can be exchanged for roughly $275 worth of tokens, but of course, this depends on the market conditions.

Next is SOL, which is the native token of the Solana blockchain, similar to how Ethereum is the native token of the Ethereum ecosystem. On GRVT, you can trade perpetual contracts for SOL. But SOL is not like Bitcoin, which is a mainstream major coin; it’s an altcoin, which means a clone coin or alternative coin. Altcoin refers to all cryptocurrencies other than Bitcoin and Ethereum, like SOL, DOGE, and so on.

There’s a detail worth noting here: on GRVT, altcoin OI rewards have an extra bonus, roughly a 20% increase. That is, for the same OI holding, altcoins can earn about 20% more points than BTC or ETH. The official multiplier is 1.2 times. The platform does this because altcoins are relatively less competitive, and they want to boost liquidity for these coins through incentives. So if you want to earn points more efficiently, you might consider allocating part of your holdings to altcoins.