diff --git a/python/sglang/srt/distributed/naive_distributed.py b/python/sglang/srt/distributed/naive_distributed.py
new file mode 100644
index 000000000..61165d90c
--- /dev/null
+++ b/python/sglang/srt/distributed/naive_distributed.py
@@ -0,0 +1,112 @@
+import base64
+import os
+import pickle
+import time
+from pathlib import Path
+from typing import Any, List, Optional
+
+import torch
+
+from sglang.srt.utils import MultiprocessingSerializer
+
+
+class NaiveDistributed:
+    def __init__(self, rank: int, world_size: int, rendezvous: str):
+        self._rank = rank
+        self._world_size = world_size
+        self._operation_index = 0
+        self._directory = Path(rendezvous)
+        self._directory.mkdir(parents=True, exist_ok=True)
+        assert 0 <= rank < world_size
+
+        # both barrier to be safe, and as a sanity check
+        self.barrier()
+
+    def get_rank(self):
+        return self._rank
+
+    def get_world_size(self):
+        return self._world_size
+
+    def scatter(
+        self, tensor: torch.Tensor, scatter_list: List[torch.Tensor], src: int = 0
+    ):
+        if self._rank == src:
+            assert len(scatter_list) == self._world_size
+        else:
+            assert scatter_list is None
+
+        gathered_objects = self.all_gather_object(
+            dict(
+                serialized_scatter_list=[
+                    (
+                        None
+                        if item_rank == src
+                        else MultiprocessingSerializer.serialize(item)
+                    )
+                    for item_rank, item in enumerate(scatter_list)
+                ]
+            )
+            if self._rank == src
+            else dict()
+        )
+
+        remote_serialized_tensor = gathered_objects[src]["serialized_scatter_list"][
+            self._rank
+        ]
+        if self._rank == src:
+            assert remote_serialized_tensor is None
+            remote_tensor = scatter_list[self._rank]
+        else:
+            remote_tensor = MultiprocessingSerializer.deserialize(
+                remote_serialized_tensor
+            )
+        tensor.copy_(remote_tensor)
+
+        # avoid src tensor be deleted too early
+        self.barrier()
+
+    def all_gather_object(self, obj: Any) -> List[Any]:
+        self._operation_index += 1
+
+        text_postfix = "\n"
+
+        def _get_path(interesting_rank: int):
+            return (
+                self._directory
+                / f"rank{interesting_rank}_op{self._operation_index}.txt"
+            )
+
+        _get_path(self._rank).write_text(
+            base64.b64encode(pickle.dumps(obj)).decode("utf-8") + text_postfix
+        )
+
+        def _read_one(interesting_rank: int):
+            p = _get_path(interesting_rank)
+            while True:
+                if p.exists() and (text := p.read_text()).endswith(text_postfix):
+                    return pickle.loads(base64.b64decode(text[: -len(text_postfix)]))
+                time.sleep(0.001)
+
+        return [
+            _read_one(interesting_rank) for interesting_rank in range(self._world_size)
+        ]
+
+    def barrier(self):
+        actual_objs = self.all_gather_object(self._rank)
+        assert actual_objs == list(range(self._world_size)), f"{actual_objs=}"
+
+
+# Can have multi instances if needed
+_instance: Optional[NaiveDistributed] = None
+
+
+def get_naive_distributed():
+    assert _instance is not None
+    return _instance
+
+
+def set_naive_distributed(instance: NaiveDistributed):
+    global _instance
+    assert _instance is None
+    _instance = instance
diff --git a/python/sglang/srt/entrypoints/engine.py b/python/sglang/srt/entrypoints/engine.py
index 90c167432..f1e858c94 100644
--- a/python/sglang/srt/entrypoints/engine.py
+++ b/python/sglang/srt/entrypoints/engine.py
@@ -23,8 +23,10 @@ import dataclasses
 import logging
 import multiprocessing as mp
 import os
+import random
 import signal
 import threading
+import time
 from typing import AsyncIterator, Dict, Iterator, List, Optional, Tuple, Union
 
 import zmq
@@ -654,6 +656,11 @@ def _set_envs_and_config(server_args: ServerArgs):
     # flashinfer uses this environment variable for various kernels from MoE to quant kernels
     os.environ["TRTLLM_ENABLE_PDL"] = "1"
 
+    # Can also be passed as argument
+    os.environ["SGLANG_RUN_ID"] = (
+        f"sglang-run-{time.time()}-{random.randint(0, 100000000)}"
+    )
+
     # Set prometheus env vars
     if server_args.enable_metrics:
         set_prometheus_multiproc_dir()
diff --git a/python/sglang/srt/host_shared_memory.py b/python/sglang/srt/host_shared_memory.py
new file mode 100644
index 000000000..c599527f9
--- /dev/null
+++ b/python/sglang/srt/host_shared_memory.py
@@ -0,0 +1,83 @@
+import logging
+import os
+from dataclasses import dataclass
+from multiprocessing import shared_memory
+from pathlib import Path
+from typing import List, Optional
+
+import numpy as np
+import torch
+
+from sglang.srt.distributed.naive_distributed import get_naive_distributed
+from sglang.srt.utils import check_cuda_result
+
+logger = logging.getLogger(__name__)
+
+
+class HostSharedMemoryManager:
+    def __init__(self, base_name: str):
+        self._base_name = Path(base_name)
+        self._operation_index = 0
+        self._records: List[_Record] = []
+
+    def malloc(self, *, shape, dtype):
+        meta_tensor = torch.empty(size=shape, dtype=dtype, device="meta")
+        raw = self._malloc_raw(num_bytes=meta_tensor.nbytes)
+        return raw.view(dtype).view(*shape)
+
+    def _malloc_raw(self, *, num_bytes: int) -> torch.Tensor:
+        import cuda.bindings.runtime as cuda_rt
+
+        self._operation_index += 1
+        shm_name = f"{self._base_name}_op{self._operation_index}"
+
+        # TODO handle dispose
+        if get_naive_distributed().get_rank() == 0:
+            shm = shared_memory.SharedMemory(name=shm_name, create=True, size=num_bytes)
+
+        get_naive_distributed().barrier()
+
+        if get_naive_distributed().get_rank() != 0:
+            shm = shared_memory.SharedMemory(name=shm_name)
+
+        np_array = np.ndarray((num_bytes,), dtype=np.uint8, buffer=shm.buf)
+        tensor = torch.from_numpy(np_array)
+
+        check_cuda_result(
+            cuda_rt.cudaHostRegister(
+                tensor.data_ptr(), num_bytes, cuda_rt.cudaHostRegisterPortable
+            )
+        )
+
+        get_naive_distributed().barrier()
+
+        self._records.append(
+            _Record(
+                shm=shm,
+                np_array=np_array,
+                tensor=tensor,
+            )
+        )
+        return tensor
+
+
+@dataclass
+class _Record:
+    shm: shared_memory.SharedMemory
+    np_array: np.ndarray
+    tensor: torch.Tensor
+
+
+# Can have multi instances if needed
+_instance: Optional[HostSharedMemoryManager] = None
+
+
+def get_host_shared_memory_manager():
+    assert _instance is not None
+    return _instance
+
+
+def set_host_shared_memory_manager(instance: HostSharedMemoryManager):
+    global _instance
+    assert _instance is None
+    _instance = instance
diff --git a/python/sglang/srt/managers/tp_worker.py b/python/sglang/srt/managers/tp_worker.py
index 77dac1ea6..968be171d 100644
--- a/python/sglang/srt/managers/tp_worker.py
+++ b/python/sglang/srt/managers/tp_worker.py
@@ -92,6 +92,7 @@ class TpModelWorker:
             pp_rank=pp_rank,
             pp_size=server_args.pp_size,
             nccl_port=nccl_port,
+            dp_rank=dp_rank,
             server_args=server_args,
             is_draft_worker=is_draft_worker,
             req_to_token_pool=req_to_token_pool,
diff --git a/python/sglang/srt/model_executor/model_runner.py b/python/sglang/srt/model_executor/model_runner.py
index acfeaee3d..293dba061 100644
--- a/python/sglang/srt/model_executor/model_runner.py
+++ b/python/sglang/srt/model_executor/model_runner.py
@@ -172,6 +172,7 @@ class ModelRunner:
         pp_size: int,
         nccl_port: int,
         server_args: ServerArgs,
+        dp_rank: Optional[int] = None,
         is_draft_worker: bool = False,
         req_to_token_pool: Optional[ReqToTokenPool] = None,
         token_to_kv_pool_allocator: Optional[BaseTokenToKVPoolAllocator] = None,
@@ -234,7 +235,7 @@ class ModelRunner:
         min_per_gpu_memory = self.init_torch_distributed()
 
         # CPU offload
-        set_offloader(create_offloader_from_server_args(server_args))
+        set_offloader(create_offloader_from_server_args(server_args, dp_rank=dp_rank))
 
         # Update deep gemm configure
         if deep_gemm_wrapper.ENABLE_JIT_DEEPGEMM:
diff --git a/python/sglang/srt/models/deepseek_v2.py b/python/sglang/srt/models/deepseek_v2.py
index 95b962fa3..bf22528f0 100644
--- a/python/sglang/srt/models/deepseek_v2.py
+++ b/python/sglang/srt/models/deepseek_v2.py
@@ -1996,6 +1996,23 @@ class DeepseekV2Model(nn.Module):
             pp_rank=self.pp_group.rank_in_group,
             pp_size=self.pp_group.world_size,
             prefix=add_prefix("layers", prefix),
+            offloader_kwargs=dict(
+                submodule_accessor=lambda layer: (
+                    layer.mlp.experts
+                    if isinstance(layer.mlp, DeepseekV2MoE)
+                    else layer.mlp
+                ),
+                whitelist_param_names_creator=lambda module: (
+                    [
+                        "w13_weight",
+                        "w2_weight",
+                        "w13_blockscale_swizzled",
+                        "w2_blockscale_swizzled",
+                    ]
+                    if isinstance(module, FusedMoE)
+                    else []
+                ),
+            ),
         )
         if self.pp_group.is_last_rank:
             self.norm = RMSNorm(config.hidden_size, eps=config.rms_norm_eps)
diff --git a/python/sglang/srt/offloader.py b/python/sglang/srt/offloader.py
index f7bf4082b..b7b06cf71 100644
--- a/python/sglang/srt/offloader.py
+++ b/python/sglang/srt/offloader.py
@@ -1,12 +1,24 @@
 import logging
+import os
 from abc import ABC
 from typing import Callable, Generator, List, Optional
 
 import torch
 from torch.func import functional_call
 
+from sglang.srt.distributed.naive_distributed import (
+    NaiveDistributed,
+    get_naive_distributed,
+    set_naive_distributed,
+)
+from sglang.srt.host_shared_memory import (
+    HostSharedMemoryManager,
+    get_host_shared_memory_manager,
+    set_host_shared_memory_manager,
+)
+from sglang.srt.layers.parameter import ModelWeightParameter
 from sglang.srt.server_args import ServerArgs
-from sglang.srt.utils import is_pin_memory_available
+from sglang.srt.utils import MultiprocessingSerializer, is_pin_memory_available
 
 logger = logging.getLogger(__name__)
 
@@ -45,11 +57,23 @@ def set_offloader(instance: BaseOffloader):
     _instance = instance
 
 
-def create_offloader_from_server_args(server_args: ServerArgs):
+def create_offloader_from_server_args(server_args: ServerArgs, dp_rank: int):
     if server_args.cpu_offload_gb > 0:
         return OffloaderV1(
             cpu_offload_max_bytes=int(server_args.cpu_offload_gb * 1024**3)
         )
+    if server_args.offload_group_size > 0:
+        assert (
+            server_args.cpu_offload_gb == 0
+        ), "V2 offload does not support cpu_offload_gb yet"
+        return OffloaderV2(
+            group_size=server_args.offload_group_size,
+            num_in_group=server_args.offload_num_in_group,
+            prefetch_step=server_args.offload_prefetch_step,
+            mode=server_args.offload_mode,
+            dp_rank=dp_rank,
+            dp_size=server_args.dp_size,
+        )
     return NoopOffloader()
 
 
@@ -120,3 +144,290 @@ class OffloaderV1(BaseOffloader):
             module.forward = forward
 
         return module
+
+
+class OffloaderV2(BaseOffloader):
+    def __init__(
+        self,
+        group_size: int,
+        num_in_group: int,
+        prefetch_step: int,
+        mode: str,
+        dp_rank: int,
+        dp_size: int,
+    ):
+        self.group_size = group_size
+        self.num_in_group = num_in_group
+        self.prefetch_step = prefetch_step
+        self.mode = mode
+
+        run_id = os.environ["SGLANG_RUN_ID"]
+
+        # Temporarily init inside Offloader, can move if other modules also need this
+        if self.mode in {"sharded_gpu", "shm_cpu"}:
+            from sglang.srt.distributed import get_tensor_model_parallel_world_size
+
+            assert (
+                get_tensor_model_parallel_world_size() == 1
+            ), "not yet support tp_size!=1"
+            set_naive_distributed(
+                NaiveDistributed(
+                    rank=dp_rank,
+                    world_size=dp_size,
+                    rendezvous=f"/tmp/{run_id}",
+                )
+            )
+        if self.mode in {"shm_cpu"}:
+            set_host_shared_memory_manager(
+                HostSharedMemoryManager(
+                    base_name=run_id,
+                )
+            )
+
+        self.offloaders = []
+
+    def wrap_modules(
+        self,
+        all_modules_generator: Generator[torch.nn.Module, None, None],
+        submodule_accessor: Optional[_SubmoduleAccessor] = None,
+        whitelist_param_names_creator: Optional[_WhitelistParamNamesCreator] = None,
+    ):
+        assert len(self.offloaders) == 0, "should only call wrap_modules once"
+
+        alt_stream = torch.cuda.Stream()
+
+        all_modules = []
+        offload_submodules = []
+        for module_index, module in enumerate(all_modules_generator):
+            all_modules.append(module)
+            if module_index % self.group_size >= self.group_size - self.num_in_group:
+                submodule = submodule_accessor(module)
+                whitelist_param_names = whitelist_param_names_creator(submodule)
+                logger.info(
+                    f"[offloader] offload {module_index=} submodule={type(submodule)} params={whitelist_param_names} memory_allocated={torch.cuda.memory_allocated()}"
+                )
+                offload_submodules.append(submodule)
+                self.offloaders.append(
+                    _ModuleOffloader(
+                        mode=self.mode,
+                        module=submodule,
+                        alt_stream=alt_stream,
+                        whitelist_param_names=whitelist_param_names,
+                    )
+                )
+
+        for index, module in enumerate(offload_submodules):
+            _hook_module_forward_for_offloader(
+                index=index,
+                module=module,
+                offloaders=self.offloaders,
+                prefetch_step=self.prefetch_step,
+            )
+
+        return all_modules
+
+    def post_init(self):
+        for offloader in self.offloaders:
+            offloader.post_init()
+
+        for i in range(self.prefetch_step):
+            self.offloaders[i].start_onload()
+
+
+def _hook_module_forward_for_offloader(index, module, offloaders, prefetch_step):
+    def _on_forward_end():
+        offloaders[(index + prefetch_step) % len(offloaders)].start_onload()
+        offloaders[index].offload()
+
+    _hook_module_forward_raw(
+        module,
+        on_forward_end=_on_forward_end,
+        get_parameter_and_buffer_dicts=lambda: offloaders[
+            index
+        ].wait_and_get_device_tensors(),
+    )
+
+
+def _hook_module_forward_raw(module, on_forward_end, get_parameter_and_buffer_dicts):
+    original_forward = module.forward
+
+    def forward(*args, **kwargs):
+        module.forward = original_forward
+        output = functional_call(
+            module, get_parameter_and_buffer_dicts(), args=args, kwargs=kwargs
+        )
+        on_forward_end()
+        module.forward = forward
+        return output
+
+    module.forward = forward
+
+
+class _ModuleOffloader(ABC):
+    def __init__(
+        self,
+        mode: str,
+        module: torch.nn.Module,
+        alt_stream: torch.cuda.Stream,
+        whitelist_param_names: List[str],
+    ):
+        self.mode = mode
+        self.module = module
+        self.device = next(module.parameters()).device
+        self.alt_stream = alt_stream
+
+        assert self.device != torch.device(
+            "cpu"
+        ), "not handled device=cpu case yet (should skip this tensor)"
+
+        self._device_tensors = None
+        self._load_event = None
+
+        param_dict = dict(self.module.named_parameters())
+        assert all(
+            name in param_dict for name in whitelist_param_names
+        ), f"{whitelist_param_names=} {list(param_dict.keys())=}"
+
+        self._param_offloaders = {
+            name: _BaseParamOffloader.create(mode, module=module, param_name=name)
+            for name in whitelist_param_names
+        }
+
+    def post_init(self):
+        for name, param_offloader in self._param_offloaders.items():
+            param_offloader.post_init()
+
+    def start_onload(self):
+        self.alt_stream.wait_stream(torch.cuda.current_stream())
+        with torch.cuda.stream(self.alt_stream):
+            self._device_tensors = self._create_device_tensors()
+            self._load_event = torch.cuda.Event()
+            self._load_event.record()
+
+    def offload(self):
+        self._device_tensors = None
+        self._load_event = None
+
+    def wait_and_get_device_tensors(self):
+        assert self._device_tensors is not None
+        self._load_event.wait()
+        return self._device_tensors
+
+    def _create_device_tensors(self):
+        return {k: v.create_device_tensor() for k, v in self._param_offloaders.items()}
+
+
+class _BaseParamOffloader(ABC):
+    @staticmethod
+    def create(mode: str, **kwargs) -> "_BaseParamOffloader":
+        return {
+            "cpu": _CpuParamOffloader,
+            "shm_cpu": _ShmCpuParamOffloader,
+            "sharded_gpu": _ShardedGpuParamOffloader,
+        }[mode](**kwargs)
+
+    def __init__(self, module, param_name):
+        self._module = module
+        self._param_name = param_name
+
+    @property
+    def _param(self):
+        return getattr(self._module, self._param_name)
+
+    def post_init(self):
+        pass
+
+    def create_device_tensor(self):
+        raise NotImplementedError
+
+
+class _CpuParamOffloader(_BaseParamOffloader):
+    def __init__(self, module, param_name):
+        super().__init__(module, param_name)
+        _move_param_to_cpu(self._param, pin_memory=True)
+
+    def create_device_tensor(self):
+        return self._param.to("cuda", non_blocking=True)
+
+
+class _ShmCpuParamOffloader(_BaseParamOffloader):
+    def __init__(self, module, param_name):
+        super().__init__(module, param_name)
+        self._rank = get_naive_distributed().get_rank()
+        self._world_size = get_naive_distributed().get_world_size()
+
+        from sglang.srt.distributed import get_tensor_model_parallel_world_size
+
+        assert get_tensor_model_parallel_world_size() == 1, "not yet support tp_size!=1"
+        assert (
+            self._param.data.is_contiguous()
+        ), f"not yet support non-contiguous tensor {self._param.shape=} {self._param.stride()=}"
+
+        self.shm_cpu_data = get_host_shared_memory_manager().malloc(
+            shape=self._param.shape, dtype=self._param.dtype
+        )
+
+        if self._rank == 0:
+            self.shm_cpu_data.copy_(self._param.data.to("cpu"))
+            self._param.data = self.shm_cpu_data
+        else:
+            _move_param_to_meta(self._module, self._param_name)
+        get_naive_distributed().barrier()
+
+    def post_init(self):
+        if self._rank == 0:
+            assert (
+                self.shm_cpu_data.data_ptr() == self._param.data.data_ptr()
+            ), f"{self.shm_cpu_data.data_ptr()=} {self._param.data.data_ptr()=} {self.shm_cpu_data=} {self._param.data=}"
+
+        _move_param_to_meta(self._module, self._param_name)
+
+    def create_device_tensor(self):
+        return self.shm_cpu_data.to("cuda", non_blocking=True)
+
+
+def _move_param_to_cpu(param, pin_memory: bool):
+    cpu_data = _empty_strided_like(
+        param.data,
+        device="cpu",
+        pin_memory=pin_memory,
+    )
+    cpu_data.copy_(param.data)
+    param.data = cpu_data
+
+
+def _move_param_to_meta(module, param_name):
+    old_param = getattr(module, param_name)
+    old_param_type = type(old_param)
+
+    new_data = old_param.data.to("meta")
+
+    if old_param_type == ModelWeightParameter:
+        # manually checked how `w13_weight` and `w2_weight` are constructed
+        new_param = ModelWeightParameter(
+            data=new_data,
+            **{
+                k: getattr(old_param, k)
+                for k in ["input_dim", "output_dim", "weight_loader"]
+            },
+        )
+    elif old_param_type == torch.nn.Parameter:
+        new_param = torch.nn.Parameter(
+            data=new_data,
+            requires_grad=False,
+        )
+    else:
+        raise ValueError(f"Unknown {old_param_type=} {old_param=}")
+
+    setattr(module, param_name, new_param)
+
+
+def _empty_strided_like(x: torch.Tensor, device, pin_memory=False):
+    return torch.empty_strided(
+        size=x.size(),
+        stride=x.stride(),
+        dtype=x.dtype,
+        layout=x.layout,
+        device=device,
+        pin_memory=pin_memory,
+    )
diff --git a/python/sglang/srt/server_args.py b/python/sglang/srt/server_args.py
index d32227390..a2e532096 100644
--- a/python/sglang/srt/server_args.py
+++ b/python/sglang/srt/server_args.py
@@ -85,7 +85,6 @@ class ServerArgs:
     max_prefill_tokens: int = 16384
     schedule_policy: str = "fcfs"
     schedule_conservativeness: float = 1.0
-    cpu_offload_gb: int = 0
     page_size: Optional[int] = None
     hybrid_kvcache_ratio: Optional[float] = None
     swa_full_tokens_ratio: float = 0.8
@@ -226,6 +225,13 @@ class ServerArgs:
     ds_heavy_channel_type: str = "qk"
     ds_sparse_decode_threshold: int = 4096
 
+    # Offloading
+    cpu_offload_gb: int = 0
+    offload_group_size: int = -1
+    offload_num_in_group: int = 1
+    offload_prefetch_step: int = 1
+    offload_mode: str = "cpu"
+
     # Optimization/debug options
     disable_radix_cache: bool = False
     cuda_graph_max_bs: Optional[int] = None
@@ -976,12 +982,6 @@ class ServerArgs:
             default=ServerArgs.schedule_conservativeness,
             help="How conservative the schedule policy is. A larger value means more conservative scheduling. Use a larger value if you see requests being retracted frequently.",
         )
-        parser.add_argument(
-            "--cpu-offload-gb",
-            type=int,
-            default=ServerArgs.cpu_offload_gb,
-            help="How many GBs of RAM to reserve for CPU offloading.",
-        )
         parser.add_argument(
             "--page-size",
             type=int,
@@ -1683,6 +1683,38 @@ class ServerArgs:
             help="The type of heavy channels in double sparsity attention",
         )
 
+        # Offloading
+        parser.add_argument(
+            "--cpu-offload-gb",
+            type=int,
+            default=ServerArgs.cpu_offload_gb,
+            help="How many GBs of RAM to reserve for CPU offloading.",
+        )
+        parser.add_argument(
+            "--offload-group-size",
+            type=int,
+            default=ServerArgs.offload_group_size,
+            help="Number of layers per group in offloading.",
+        )
+        parser.add_argument(
+            "--offload-num-in-group",
+            type=int,
+            default=ServerArgs.offload_num_in_group,
+            help="Number of layers to be offloaded within a group.",
+        )
+        parser.add_argument(
+            "--offload-prefetch-step",
+            type=int,
+            default=ServerArgs.offload_prefetch_step,
+            help="Steps to prefetch in offloading.",
+        )
+        parser.add_argument(
+            "--offload-mode",
+            type=str,
+            default=ServerArgs.offload_mode,
+            help="Mode of offloading.",
+        )
+
         # Optimization/debug options
         parser.add_argument(
             "--disable-radix-cache",
diff --git a/python/sglang/srt/utils.py b/python/sglang/srt/utils.py
index 6979be0d4..cb5e4cd1e 100644
--- a/python/sglang/srt/utils.py
+++ b/python/sglang/srt/utils.py
@@ -2954,3 +2954,13 @@ class ConcurrentCounter:
 @lru_cache(maxsize=1)
 def is_triton_kernels_available() -> bool:
     return importlib.util.find_spec("triton_kernels") is not None
+
+
+def check_cuda_result(raw_output):
+    import cuda.bindings.runtime as cuda_rt
+
+    err, *results = raw_output
+    if err != cuda_rt.cudaError_t.cudaSuccess:
+        raise Exception(f"CUDA error: {err}")
+
+    return results