GRO's Value Proposition
Growth DeFi provides an easy way to maximize the yield users can generate with their tokens by using PMTs & gTokens, GRO is the token of the protocol and when staked it has governance rights over the stkGRO DAO and shares the profits generated from the fees charged in PMTs & gTokens.
In order to generate yield Growth DeFi uses many DeFi protocols including Compound Finance, AAVE, Curve and Sushiswap.
Read the FAQs to learn more about GRO, gTokens and PMTs.
rAAVE liquidity mining
Optimized gas & fees for gTokens & PMTs
gaTokens by AAVE markets
More strategies for gTokens including Curve and SUSHI.
Frequently Asked Questions
GRO is the core token of the Growth DeFi ecosystem, it can be staked (stkGRO) in order to share the profits generated by the ecosystem and have voting power over the stkGRO DAO.
The original total supply of GRO was 1,000,000 GRO but close to 4,000 GRO has been burnt since launch:
GRO Treasury: 500,000 GRO
PMINE Swaps: 250,000 GRO (Indefinite fixed swap rate of 12.5 GRO/PMINE)
Team & Development: 200,000 GRO vested and released throughout a 24 month period starting in September 2020
Initial Liquidity: 50,000 GRO (for the initial liquidity)
Head Developer Backend
Along with a Ph.D. from Yale, Rodrigo is a computer scientist and software engineer with a background in formal semantics, program verification, and compilers. Rodrigo is deeply interested in cryptocurrencies/blockchain—having developed both a mobile wallet and an exchange.
Head Developer Frontend
stkGRO is the tokenized representation of having GRO staked, holding stkGRO compared to GRO gives access to profit sharing and stkGRO can be used to delegate to candidates which then form the signers of the stkGRO DAO.
Profits shared to stkGRO holders come from gToken & PMTs fees and the profits made by the GRO treasury amongst other sources, you can convert your GRO into stkGRO at app.growthdefi.com
Due to the governance implications of stkGRO there is a 10% fee whenever GRO is converted into stkGRO or the other way around, the purpose of the fee is to only have long-term thinking holders taking governance decisions, this fee is split 50/50 between burning GRO and distributing that GRO to existing stkGRO holders.
Profits accrued by stkGRO are shown by an increase in the price of stkGRO vs GRO, stkGRO can only go up vs GRO and this ratio is proportional to how much GRO the staking contract holds relative to the stkGRO in circulation, profits are shared by buybacking GRO and sending it to the stkGRO contract thus increasing the stkGRO/GRO reserve ratio.
The stkGRO DAO is the governance mechanism, stkGRO holders delegate their vote to their favourite candidate (anyone can be a candidate for the DAO), the top 7 candidates with the most delegated stkGRO become the signers of the DAO multisignature account (Gnosis Safe is used for the multisig), stkGRO holders can change their vote to any other candidate whenever they want.
The multisig is the admin of all contracts within the Growth DeFi ecosystem and it’s responsible for managing both GRO’s and rAAVE’s treasuries.
GRO’s treasury is managed by the stkGRO DAO multisig, its purposes are to ensure the continuous development and progress of the ecosystem. It's invested in multiple gTokens, PMTs and DeFi tokens, it uses the profits generated to buyback GRO and distribute it to stkGRO holders.
gTokens are one of GRO’s core products, they tokenize funds being used in an automated strategy, all performed by a smart contract. An example of a gToken would be gcDAI which is minted by depositing either DAI or cDAI, the contract then performs the strategy which in this case it’s about maximizing its yield through leverage by farming the highest amount of COMP possible.
There can be a gToken created for anything as long as there is a viable strategy to automatize and generate profits with, it makes the process of performing the strategy easier and cheaper in gas than if the user were to perform it by themselves.
Portfolio Management Tokens (PMTs) make the process described above with gTokens even simpler, those using gTokens need to know and understand the strategy the contract is performing in order to know which token to use, PMTs simplify this process by creating an automatic rebalancing portfolio that aggregates the best gTokens for that specific token in order to generate yield on a risk adjusted basis (the portfolio composition is decided by the stkGRO DAO).
This way when using gETH it will automatically be distributed amongst the best gToken options for it, and so on with the rest of PMTs.
rAAVE is another product of the Growth DeFi ecosystem which synergizes with gTokens and PMTs, it is a token which rebases having AAVE’s price as the target and it focuses on expanding its treasury, generating profits with it (using gTokens and PMTs amongst other options) and sharing those profits back to rAAVE by incentivizing liquidity providers of the token, one of this incentivized liquidity pools is GRO/rAAVE.
Whenever someone stakes or unstakes GRO 5% of it gets burnt forever, the profits that the GRO treasury makes and the fees collected from gTokens and PMTs are used to reward those holding stkGRO (the tokenized representation of staking GRO) so there is a big incentive to stake and every time someone does so they are burning GRO.
The best place to buy GRO is on Uniswap
Yes, all contracts are owned by the stkGRO DAO and the treasury is managed by the DAO too.
Yes, you can find it in Github and match it on Etherscan with the code of the deployed contracts.
No, there wasn't any token sale or private sale of GRO.
The original total supply of GRO was 1,000,000 GRO but close to 4,000 GRO has been burnt since launch
You can join our Telegram group and ask any questions you may have