GRVT Burns 1.1 Million Tokens as Countdown to Grvt 2.0 Begins
Grvt has completed its first GRVT token buyback, purchasing and burning 1.1 million tokens on the open market, removing close to 1% of circulating supply.
The transaction marks the first of five milestones ahead of the planned launch of Grvt 2.0 at the end of November 2026. Grvt, a self-custodial trading platform built on its own zero-knowledge (ZK) chain, announced that the Foundation's token issuer has completed this discretionary buyback.
Discretionary Buyback Process
The Foundation's token issuer intends to conduct further buybacks on a monthly basis. Each transaction remains entirely at the issuer's discretion, with no predetermined purchase amount or guaranteed schedule.
Buybacks are executed through an independent execution partner, with purchased tokens transferred to a designated burn address and permanently removed from circulation. The transactions can be independently verified through the public buyback dashboard.
Product Milestones
Grvt Earn, scheduled for the end of October, will introduce yield opportunities backed by tokenized fixed-income assets, with target yields of up to 11%. Returns are expected to derive from underlying asset cash flows.
Stable Funding Perps, scheduled for November, will introduce perpetual futures linked to commodities, stocks, foreign exchange and indices. The contracts are planned to carry zero trading fees and use once-daily funding.
Yield as Margin, also scheduled for November, will allow eligible Grvt Earn balances to support trading positions while continuing to accrue yield. Grvt 2.0 will consolidate these capabilities into a single self-custodial app.
Addressing Trader Needs
The expansion follows a survey of Grvt traders conducted earlier in 2026. Six in ten respondents reported keeping at least a quarter of their capital on the platform idle, while many reported moving funds elsewhere to pursue yields of 8% or more.
Grvt's upcoming products aim to reduce the separation between earning yield and deploying capital for trading. Founded in 2022, Grvt currently supports perpetual futures across approximately 200 cryptocurrency and real-world asset markets.
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