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General FAQ

What is Gro Protocol?

Gro Protocol is a yield optimiser for stablecoins but with an added element of a risk tranching mechanism. That means yields get shared and distributed across Vault and PWRD Savings (our two products) with more yield going to Vault; in return, any downside risk is absorbed by Vault first.
We've got some more information on Medium and also in this Gitbook - we recommend starting from this page!

Is Gro Protocol Non-Custodial?

Yes, the Gro Protocol is non-custodial. You can connect to the Gro Protocol through wallets like Metamask and Argent (through WalletConnect) directly on our dApp or through the Argent app on mobile.

I am new to DeFi. Can I start here?

Yes! Our tutorial is a good place to start if you want to learn about how to use the product. If you want to learn about DeFi more generally, read through our introduction to DeFi docs. Gro is determined to marry the best of traditional finance with DeFi and make it accessible to absolutely everyone. We're glad to have you here!

Is Gro Protocol safe? Is it audited?

We encourage you to read through these documents and decide for yourself. To protect our users, we have undergone multiple audits by Peckshield and Kurt Barry (Fixed Point Solutions) respectively. Please refer to this page for the audit reports. We have also run a Code Arena contest in July 2021 that we will share in the Audit section after the judging is complete.
Note that there is inherent risk in dealing with any financial institution or infrastructure. If you are new or risk-averse, the PWRD token which offers a deposit protection mechanism could be the best place for you to start.

Which token would you recommend I buy/invest in?

Each coin has a different purpose and is tailored to different kinds of financial activity. PWRD Savings is designed to be the most useful stablecoin on the market; the deposit protection mechanism provides higher stability to users (see here for details). Vault is better thought of as a long-term investment that comes with higher yield and risks (see here for more). In the end, it's your responsibility to read about both products, assess the risks, and decide for yourself.

How do I use Argent wallet? What can I do with it?

Argent is a smart wallet for crypto that you can use to access the Gro protocol (both Vault and PWRD). Please refer to the Argent website for more information about how to use the Argent wallet.

Why is the dollar value shown on Argent less than what I've deposited?

This could happen occasionally since the dollar value displayed on Argent wallet comes from our Uniswap USDC pool for PWRD and Vault respectively. As our tokens are yet to be traded frequently in the secondary market on Uniswap, the pool price could go off-peg to the actual value of the tokens. We currently run a trade at least every 48 hours to refresh the pool price, but the value could still go off-peg between trades. On top of this, USDC/USD exchange rate also fluctuate at times, adding another contributing factors to having an inaccurate value shown in your Argent wallet.
The best way to check your Vault and PWRD total value would be on our dApp (http://app.gro.xyz) as it reflects the value you could redeem from the protocol should you choose to withdraw funds. Argent users can connect to the dApp through WalletConnect to check the total value as well.

Who are the people behind Gro?

We aren’t anonymous :) You can find out more about us on our contributor page. We're more than thrilled to welcome you to our community on Discord, Twitter, Medium, and Telegram. Come chat with us!
Interested to learn more about our investors? You could read more about them here.

I want to join! Do you have any open positions?

Yes, we do! Check out our open positions listed on our website. In particular we have open positions for smart contract developers, DevOps/DevSecOps engineer, and product designer. We review applications in batches every couple of days and so we'll be in touch soon if there is a potential fit!
Last modified 12d ago