Capital efficiency is becoming an interesting part of the next phase of onchain trading. What caught my attention about @grvt_io is its plan to let eligible Earn balances work as trading margin without giving up their yield generating role. GRVT 2.0 is exploring a model where one pool of capital can serve two purposes instead of forcing users to pick one. The Earn side also brings tokenized fixed-income strategies onchain, with a target APY of up to 11%. That target isn't guaranteed, but the approach is worth watching. GRVT has already completed its 1.1M $GRVT buyback and burn as part of its 2.0 roadmap. Now the important part is execution: how smoothly these features work together when real capital is involved. Sometimes, better trading infrastructure isn't about doing more with your money. It's about making the same capital work more efficiently.