1 day ago
The discretionary buyback represents adjacent to 1% of circulating proviso and precedes 4 planned merchandise milestones culminating successful Grvt 2.0.
Grvt, a self-custodial trading level built connected its ain zero-knowledge (ZK) chain, announced that the Foundation’s token issuer has completed its archetypal GRVT token buyback, purchasing and burning 1.1 cardinal GRVT tokens connected the unfastened market.
The transaction permanently removed adjacent to 1% of GRVT’s circulating proviso astatine the clip of purchase. It marks the archetypal of 5 milestones up of the planned motorboat of Grvt 2.0 astatine the extremity of November 2026.
A Discretionary Buyback with On-Chain Verification
The Foundation’s token issuer intends to behaviour further buybacks connected a monthly basis. Each transaction remains wholly astatine the issuer’s discretion, with nary predetermined acquisition magnitude oregon guaranteed schedule.
Buybacks are executed done an autarkic execution partner, with purchased tokens transferred to a designated pain code and permanently removed from circulation.
The transactions tin beryllium independently verified done the public buyback dashboard, which records the fig of tokens purchased and burned, the percent of circulating proviso represented, cumulative burns and on-chain transaction hashes.
“The GRVT token is an important portion of the ecosystem we are building,” said Hong, co-founder and CEO of Grvt. “We invited the issuer’s buybacks arsenic a objection of its semipermanent committedness to the ecosystem and community. Grvt is expanding its products and markets, and the issuer’s buybacks beryllium alongside that arsenic a supportive mechanics aimed astatine reducing circulating token supply.”
Grvt Outlines Four Product Milestones
The announcement follows GRVT’s token procreation lawsuit successful July 2026 and precedes a bid of planned launches.Grvt Earn, scheduled for the End of October, volition present output opportunities backed by tokenized assets, with people yields of up to 11%. Potential returns are expected to deduce from underlying plus currency flows, including interest, premiums and invoice-related income. Asset-supplying partners volition beryllium announced astatine launch. Target yields are not guaranteed.
Stable Funding Perps, scheduled for November, volition present perpetual futures linked to commodities, stocks, overseas speech and indices. The contracts are planned to transportation zero trading fees and usage once-daily funding. Grvt aims to database much than 1,000 markets by the extremity of December 2026.
Yield arsenic Margin, besides scheduled for November, volition let eligible Grvt Earn balances to enactment trading positions portion continuing to accrue yield, taxable to applicable merchandise presumption and hazard parameters.
Grvt 2.0, scheduled for the End of November, volition consolidate these capabilities into a azygous self-custodial app, alongside a caller name, ocular identity, and the company’s 2027 roadmap.
Addressing Idle Capital
The enlargement follows a survey of Grvt traders conducted earlier successful 2026. Six successful 10 respondents reported keeping astatine slightest a 4th of their superior connected the level idle, portion galore reported moving funds elsewhere to prosecute yields of 8% oregon more.
Grvt’s upcoming products purpose to trim the separation betwixt earning output and deploying superior for trading.
“Traders shouldn’t person to take betwixt putting their superior to enactment and keeping it acceptable to trade,” Hong said. “Grvt 2.0 is designed astir a azygous self-custodial equilibrium that tin enactment some activities.”
Founded successful 2022, Grvt presently supports perpetual futures crossed astir 200 cryptocurrency and real-world plus markets.
The GRVT token launched successful July 2026 and confers nary ownership, nett oregon different economical rights.
Further details are disposable successful the full announcement.
About Grvt
Grvt is simply a self-custodial trading level operating connected its ain zero-knowledge chain. The level supports cryptocurrency and real-world plus perpetual futures and is processing products that let eligible balances to gain output portion supporting trading activity.
Learn much astatine grvt.io.
Contact
Head of Marketing
Lesner Chua
GRVT ASIA PTE. LTD
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