Grvt has bought back and burned 1.1M GRVT. That gives me something concrete to assess. The purchase represented nearly 1% of circulating supply at the time. Burning removes those tokens permanently, while a treasury could keep them available for later use. It says nothing certain about the next price move, but it does settle what happened to this purchase. @grvt_io is using that milestone to open its Grvt 2.0 rollout. I'm most interested in November's planned Yield as Margin, which would let eligible Earn balances support trades while continuing to earn yield. That could reduce the need to move money between separate products. I'd still want to understand collateral eligibility and liquidation rules before using it. Future buybacks are intended monthly, at the issuer's discretion. The completed burn is useful evidence. The product releases still have to earn their own trust.