one account, two very different return streams. that's the part of @grvt_io's upcoming Grvt 2.0 that interests me most. Grvt Earn is planned to offer tokenized fixed-income opportunities targeting up to 11% APY on eligible assets, with returns not guaranteed. then comes Yield as Margin in November. the idea is that eligible capital could continue generating yield while supporting active trading positions. but here's the distinction I think matters. yield earned from underlying assets and profit or loss from trading are two separate outcomes. one doesn't automatically offset the risk of the other. for me, real capital efficiency isn't simply making money work twice. it's having the flexibility to earn and trade while understanding exactly where returns, costs and risks come from. that's what I'll be watching as Grvt rolls out its new products.