GRO Tokenomics
How $GRO works
GRO is Gro protocol’s governance token. It enables a deeper engagement with the protocol by opening up the ability to participate in governance and further stabilise the protocol.

Where can I find the latest on GRO tokens?

Coingecko tracks the latest maximum and circulating supply on the token page that you can access here. Its token address for browsing on Etherscan can be found here.
If you're looking for statistics about $GRO vesting and claiming, this dashboard by our DAO member Slacking would offer the best bird's eye view!
Dune Analytics
DuneAnalytics
Thank you Slacking!

Utility

DAO governance

Moving to a decentralised governance model is an important step on our roadmap. 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!

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.

Allocation

Gro DAO Token’s total supply is set to 100,000,000 tokens. Inflation is hard-coded at 0% during the first 3 years, then continues at 0% unless GRO token holders vote to change.
45% – Community Incentives: this includes partnership bonus, community engagement activities such as the "Gro 4 All" airdrop, and liquidity mining program. See the section below for more on emission.
13% – Gro's DAO Treasury: this includes grants, marketing expenses, and the ongoing operations of the protocol
22.5% – Team & Advisors: this comes with 3-year vesting with an 1 year cliff that started on 28th September 2021 for initial contributors
19.5% – Seed investors: this comes with 3-year vesting with an 1 year cliff that started on 28th September 2021 for all seed investors
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Distribution: Community Incentives

GRO tokens have been distributed to the following activities so far as follows. Note that the majority of them are currently in the vesting mechanism detailed in the next section.
Data is up to 23rd February 2022
  • Liquidity mining from the 6 pools added up to 6.83mn tokens
  • Airdrops (e.g., Early Frens, Gro 4 All) added up to 1.38mn tokens
  • DAO incentives for contribution (e.g., OGs, G-Force) added up to 42K tokens

Vesting mechanism

GRO tokens under Community Incentives are distributed through a vesting mechanism. When you claim GRO from Pools, Airdrops or the Vesting Bonus, they would by default be added to your personal GRO vesting position unless you opt for getting 30% out upfront and forfeiting the remaining 70%.
GRO tokens are only minted when they leave the vesting schedule for the first time, so the maximum supply increases over time as more users completed their vesting schedule. It's worth noting that users can also choose to relock the portion of tokens that are already unlocked, which would effectively extend their vesting schedule in exchange of claiming a higher portion of vesting bonus (see below). That's why the effective emission is not purely based on how many tokens are being rewarded for various activities, but also depends on individual user behaviour in vesting.
Circulating supply also varies based on the number of tokens that are locked into the vesting mechanism by users who want a higher share of vesting bonus, as well as the token buyback funded by the protocol's performance fees charged on yield generated (5% for PWRD & Vault, 10% for Labs). As these tokens will then return to vesting, they would not be part of the circulating supply until a user leaves vesting with these tokens.
Vesting mechanism is implemented to reward long-term committed DAO members who are also engaged. If you’re long-term and continue to stay engaged, then the protocol will reward you with an increased stake in its governance.

At the individual level

If you don't choose to vest at all: the claim is quite straightforward as 30% of what you earned will be minted and go directly to your wallet.
If you choose to vest:
  • The first GRO reward you claim starts your personal vesting schedule which lasts for 12 months (the vesting period) after your first claim.
  • Your vesting schedule starts at 0% of your GRO unlocked on your first claim and increases on a linear basis to 100% one year after the end of your vesting start date. Leave early and get fewer GRO, leave later and get rewarded for your diamond hands.
  • Your vesting schedule is for your whole wallet. You can choose to have some claims not going into vesting, but once they are in vesting contract they would go into your personal vesting contract, increasing your vesting GRO and adjusting your vesting period.
  • You can exit your vesting completely or partially and move GRO into your wallet whenever you want, but if you exit early then you will lose the portion that has not been unlocked yet.
  • Any GRO you give up will be added to the global Vesting Bonus Pool. So those who stay with the protocol can claim the locked GRO of those who leave! Anything that is given up goes back to the remaining more dedicated community members.
  • Every 4 weeks, you may claim your share of the global Vesting Bonus. Your share of the Vesting Bonus is calculated as Your locked GRO / all locked GRO. This means there’s an incentive to increase your locked GRO as you can claim a larger share of the Vesting Bonus. Claiming is a manual procedure that you need to initiate – worry you might miss out? Opt in to our EPNS channel for push notification when it's time to claim.
  • Whenever you claim any kind of GRO reward, your Vesting start date is adjusted. Your vesting end date continues to be 365 days after your Vesting start date.
  • The new Vesting start date is calculated as the GRO weighted average of your old vesting start date and the time when the claim is made. Because it’s a weighted average, the bigger the new claim is in relation to your old GRO, the greater the increase in your start date (and the greater the extension to your full vest time). Conversely, if you just make a small additional claim your start date won’t increase as much. This is to prevent sybil attacks with multiple wallets or gaming the system.
  • The vesting start date calculation is a weighted average between the existing start date and the new claim date. This can be a bit complex, so we’ve set out the equation below as well to help.