Gro is now open to DeFi degens. Ape in at https://app.gro.xyz
Gro Protocol is currently in beta and doing a guarded gradual release. In order to make sure it’s ready for prime time, we want to test with experienced DeFi users first.
So we teamed up with DegenScore, partly because we think they’re cool, but also because it lets us work out who has DeFi experience.
This lets us get early feedback from experienced DeFi users who are highly engaged in this space. The more engaged the early users are, the more they can help shape the product journey.
Note: this article introduces a new DeFi protocol. For more information on DeFi, and to learn about this world, take a look at some useful explainers first. A good place to start is with Bankless or The Defiant’s DeFi 101.
Gro Protocol is a DeFi yield optimizer that balances risk and offers leverage and protected savings through its tranching mechanism. It offers different products to match your personal yield and risk profile.
Use Vault to get leveraged returns by taking on more risk, or save with PWRD to get protected savings and yield at the same time.
Where are the real risks and opportunities?
The world of finance is filled with risky projects. Ventures are founded, funded and abandoned faster than regulators and banks can understand them. Fintechs have helped the financial lives of many people, but there are still projects with opaque fundamentals that leave customers in the dark.
A closer look at the underlying mechanics can be very illuminating. Here is one example:
Risk management and UX in DeFi are lacking. Solving these problems will improve DeFi both for existing and new users to drive higher yields and greater adoption.
Decentralized Finance (DeFi) is evolving faster than anyone could have imagined just a few years ago. Since January 2020 Total Value Locked (TVL) increased by about 100x, from $800m to more than $87b last month.
We’re excited to announce some great partners & investors to help us build our vision of simple and powerful financial services for everyone. With this seed round we will accelerate onboarding of talent into DeFi and gro our products.
The round is led by Galaxy Digital and Framework Ventures, with participation from Variant, Northzone, Nascent, a_capital and 3AC. Several insightful builders are also joining the round, including founders of DeFi protocols Aave, Compound and Synthetix.
With interest rates at record lows and people sometimes even having to pay…
Empowering people to easily create and share wealth. Join the DeFi movement!