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Gro Protocol

Web3 is complex, let's make it easy.
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Finance
Blockchain
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Ethereum, Avalanche
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GRO Protocol Team
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What is Gro Protocol?
Gro protocol is a stablecoin yield aggregator that tranches risk and yield. The first two products built on it are the PWRD stablecoin with deposit protection and yield, and Vault with leveraged stablecoin yields. Innovation has created mind-blowing financial opportunities that are hidden in complexity. Gro DAO builds simple and powerful products that make web3 available to everyone.

GRO DAO token (GRO)
GRO is Gro's governance token. It deepens engagement with the protocol by opening up the ability to participate in governance and further stabilise the protocol.

GRO holders can contribute and vote on a number of protocol decisions, in particular:
Protocol roadmap: priorities any future projects
Protocol parameters such as fees (example: Vote 9)
Tokenomics changes (example: Vote 5)
How DAO treasury funds should be spent (example: Vote 3 for security, Vote 7 for marketing)

Priority access to Gro products
Getting priority access to the best yields available on Gro at Labs is only the first step to securing better access for GRO holders. Those who have had 500+ GRO could not only get earlier access but also higher allowances when access is open to all!

Loyalty incentives
GRO will be distributed as additional incentives for the community to provide liquidity through staking pools and various DAO or community engagement programs. They will be distributed through a mixture of programmatic on-chain activities and community oriented off-chain activities.

Understanding PWRD & Vault
PWRD is a stablecoin that comes with deposit protection and yield. It is backed by deposits into PWRD and Vault, and shielded from losses resulted from yield strategy failures by its sister product Vault by sharing some of its yields. This means PWRD is the "senior tranche" that offers safer access to DeFi yields.

Vault is a token which value changes based on the leveraged stablecoin yields. It is designed to be the highest-yield stablecoin vault on the market by getting a share of yields from PWRD deposits and in return offering protection to PWRD when an underlying stablecoin or protocol fails. This means Vault is the "junior tranche" that absorbs stablecoin or protocol failures, but also gain a higher percentage of yields.

Yield strategies
PWRD and Vault funds are deployed to provide liquidity in the same Curve Pools that pair 3CRV (DAI, USDC, USDT) with other stablecoins. When people swap stablecoins using these pools, they pay trading fees to the liquidity providers. In addition, the liquidity provided is tokenized and deposited on Convex for additional governance token rewards. The yield generated come from these two sources.
Information
Type
Automated Market Maker
Blockchain
Ethereum, Avalanche
Platform
Windows, macOS
Publisher
GRO Protocol Team
Version
V1
FAQ
July distribution
This applies to eligible L1 users and Argnet zkSync users who submitted an L1 address on or before 23rd June 2022.
GVT/PWRD
Total amount distributed in GVT and the first 1/24th of the sum in PWRD sum up to $226,397 (out of $2,171,850 that was approved by the DAO vote).
You should also see GVT or PWRD on Etherscan, your wallet, and on our dApp. If you cannot see them on Etherscan but not in your wallet, you'd need to first add either GVT or PWRD into your wallet through the contract address listed in . See the distribution transactions below.
August distribution
This applies to eligible Argnet zkSync users who submitted an L1 address between 24th June 2022 and 16th August 2022.
GVT/PWRD
Total amount distributed in GVT and PWRD in August sum up to $31,462. This brings the total distribution thus far to $2,128,611 (98% of $2,171,850 that was approved by the DAO vote). The remaining sum was forfeited by Argent zkSync users who did not submit an L1 wallet address in the 60-day window.
You should also see GVT or PWRD on Etherscan, your wallet, and on our dApp. If you cannot see them on Etherscan but not in your wallet, you'd need to first add either GVT or PWRD into your wallet through the contract address listed in . See the distribution transactions below.
GRO tokens were distributed on 1st July 2022 to all L1 users and Argent zkSync users who submitted an L1 address on or before 23rd June 2022. You need to connect to the Gro dApp at http://app.gro.xyz/#/rewards to claim these tokens. You had until 29th August 2022 to claim these tokens.
GRO tokens were distributed on 31st August 2022 to all Argent zkSync users who submitted an L1 address between 24th June 2022 and 16th August 2022. You need to connect to the Gro dApp at http://app.gro.xyz/#/rewards to claim these tokens. You had until 31st October 2022 to claim these tokens.
Once the tokens are claimed, it would follow our standard vesting mechanism where you can choose to vest them over 12 months or withdraw 30% immediately while forfeiting the remaining 70%. Please see the following pages for more information about the vesting mechanism and a step-by-step guide to the Rewards page.
The distribution is on Ethereum mainnet (L1) for all users.
Please see the spreadsheet in the community forum post for distribution to each wallet. The distribution amount is calculated through the formula shared in the post.
If your wallet is on the spreadsheet listed in the community forum post, you should have received an email from Argent. Please follow the instruction in the email to provide a mainnet (L1) address by Thursday 23rd June so that we can distribute the funds to you by end of June. If you submitted an L1 address by this deadline, you should see your L1 address on the distribution list.
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