What is Token Allowance/Spending Cap?
Spending cap refers to the amount of USDT that you allow a GRVT (a "spender") to spend on your behalf in order to transfer to the GRVT exchange.
How to Deposit from Connected Wallet
Click “Enable USDT” if you haven’t set a cap before.
Your wallet will prompt a spending cap window.
Enter your preferred cap and sign for confirmation.
Enter your deposit amount and proceed.
It may take up to 15 minutes for your deposit to reflect in My Account page.
Note that this deposit method will incur gas fees.
Depositing an amount higher than your spending cap
Important Note: With USDT, you cannot directly update an existing allowance. If you want to change the allowance for a spender, you must first revoke it to 0.
Steps to Change Your USDT Allowance
Revoke Current Spending cap
Approve New Spending cap
Deposit
Best Practices
Set caps only as needed for each transaction.
Only grant maximum caps to trusted applications.
Regularly review your spending caps for safety.