Grvt Completes First Token Burn of 1.1 Million GRVT Ahead of Grvt 2.0 Launch

On October 20, 2026, Grvt, a self-custodial trading platform operating on its own zero-knowledge chain, announced the completion of its first token buyback and burn, permanently removing 1.1 million GRVT tokens from circulation. This action represents nearly 1% of the circulating supply and is part of a broader strategy leading to the anticipated launch of Grvt 2.0 at the end of November 2026.

Details of the Token Burn

The Foundation’s token issuer executed the buyback on the open market, with plans for additional monthly buybacks at its discretion. Each transaction is verified through a public dashboard, allowing users to track the number of tokens burned and their impact on the circulating supply.

Upcoming Product Milestones

• Grvt Earn: Launching at the end of October, this feature aims to provide yield opportunities backed by tokenized assets, targeting yields of up to 11%.
• Stable Funding Perps: Scheduled for November, this will introduce zero-fee perpetual futures linked to various asset classes, including commodities and stocks.
• Yield as Margin: Also in November, this will allow users to utilize their Grvt Earn balances as trading margin while still earning yield.
• Grvt 2.0: The final milestone, set for late November, will consolidate these features into a single self-custodial app, enhancing user experience.

Addressing Idle Capital

The roadmap follows insights from a survey of Grvt traders, revealing that many keep a significant portion of their capital idle. Grvt 2.0 aims to address this by allowing users to earn yields while maintaining liquidity for trading.

Founded in 2022, Grvt currently supports approximately 200 cryptocurrency and real-world asset markets, and the recent developments are designed to enhance its offerings and user engagement.