Grvt Completes First Token Buyback, Burning 1.1 Million GRVT Ahead of Grvt 2.0 Launch

Grvt, a self-custodial trading platform operating on its own zero-knowledge (ZK) chain, has announced the completion of its first GRVT token buyback, resulting in the burning of 1.1 million tokens. This event marks a significant milestone as the company gears up for the launch of Grvt 2.0, scheduled for the end of November 2026.

The buyback, which represents close to 1% of the circulating supply, is part of a broader strategy that includes four additional product milestones. The Foundation’s token issuer plans to conduct further buybacks on a monthly basis, with the transactions verified through a public buyback dashboard.

Upcoming Product Milestones

• Grvt Earn: Launching at the end of October, this feature will offer yield opportunities backed by tokenized fixed-income assets, targeting yields of up to 11%.
• Stable Funding Perps: Set for November, this will introduce perpetual futures tied to various asset classes, with zero trading fees.
• Yield as Margin: Also in November, this feature will allow users to utilize their Grvt Earn balances for trading while still accruing yield.
• Grvt 2.0: The culmination of these developments, consolidating features into a single app with a new identity and roadmap for 2027.

According to Hong, co-founder and CEO of Grvt, the buybacks demonstrate a long-term commitment to the ecosystem and community, as the platform seeks to address idle capital among traders. A recent survey indicated that many traders keep a significant portion of their capital idle, prompting the need for products that bridge earning yields and active trading.

Founded in 2022, Grvt currently supports perpetual futures across approximately 200 cryptocurrency and real-world asset markets. The GRVT token, launched in July 2026, does not confer ownership or economic rights.

Recent Developments in GRVT

• Token Buyback: Grvt has completed its first token buyback, burning 1.1 million GRVT tokens, which is close to 1% of its circulating supply.
• Future Buybacks: The Foundation’s token issuer plans to conduct further buybacks on a monthly basis, with no predetermined purchase amount.
• Product Milestones: Four product milestones are planned ahead of Grvt 2.0, including Grvt Earn, Stable Funding Perps, and Yield as Margin, culminating in the launch of Grvt 2.0 at the end of November 2026.
• Grvt Earn: Launching at the end of October, this feature will offer yield opportunities with target yields of up to 11% backed by tokenized fixed-income assets.
• Stable Funding Perps: Set to launch in November, these will introduce perpetual futures linked to various asset classes with zero trading fees.
• Yield as Margin: Also launching in November, this feature will allow users to utilize their Grvt Earn balances for trading while still earning yield.
• Trader Insights: A survey revealed that 60% of Grvt traders keep at least a quarter of their capital idle, prompting the development of new products to address this issue.