Grvt has completed its first token buyback and burn, with 1.1M $GRVT purchased from the open market and permanently removed from circulation. What stands out to me is not just the amount, but what happened after the purchase. These tokens were burned permanently instead of being moved into a treasury. That makes a difference because there is a clear distinction between holding tokens and removing them from circulation. I also like the emphasis on transparency. With a public dashboard tracking purchases, cumulative burns, circulating supply percentages, and transaction hashes, the community has a way to verify the activity onchain rather than relying entirely on announcements. But this is only the beginning. Grvt is preparing for a broader shift with Grvt 2.0, bringing together tokenized fixed-income strategies, multi-asset perpetual markets, and yield-bearing trading margin in one self-custodial platform. The feature I'm most interested in is Yield as Margin. The idea of using eligible Grvt Earn balances as trading margin while continuing to earn yield could make capital more efficient, instead of forcing users to choose between earning and trading. The first burn is a completed action. The next challenge is execution across the wider roadmap. With five announcements planned around this transition, I'm watching how Grvt turns its vision into products people can actually use. The real story is what comes next. @grvt_io