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Frequently Asked Questions
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.
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 also ran a Code Arena contest in July 2021 that can be seen in the Audit section.
To ensure safety of the protocol as it scales up after the LBP token launch, Gro DAO passed Vote 3 to increase the Immunefi bounty from $60,000 to $1,000,000 and hire Trail of Bits for additional audits in 2022.
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.
How should I think about Gro's three tokens?
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).
GRO is the governance token that could be used for voting and getting early access to new products.
In the end, it's your responsibility to read about both products, assess the risks, and decide for yourself.
Which wallets could I use on Gro?
You can connect to Gro through Metamask or Argent (through Wallet Connect).
Through MetaMask, you can not only connect to Metamask wallet but also your hardware wallets (Ledger, Trezor). Please refer to this article for how to connect your hardware wallets to Metamask.
How to connect a Trezor or Ledger Hardware Wallet
MetaMask
Through Wallet Connect, you can access your Argent wallet or other non-smart contract wallets. Please see this article for a step-by-step guide. Note that Argent wallet does not support Avalanche yet, so you will not be able to use Argent wallet to access Labs at the moment.
Argent Learn: What is WalletConnect?
argent.xyz
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!
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 5mo ago