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Pools
Liquidity mining to earn our governance token GRO
Pools were made available after the Gro DAO token LBP launch that completed on 1st October, 2021. It is designed to let users stake and farm for our governance token (Gro DAO tokens). There are six pools available and we are continuously working with other protocols to create new pools to make our tokens more liquid.
For our "how-to" article regarding pools, please refer to How to (un)stake in Pools
Pools available for staking on https://app.gro.xyz/pools
The two types of pools, single-asset pool and 2-asset pools, come with different risk levels. In short, 2-asset pools come with Impermanent Loss risks as arbitrage takes place when the pool exchange rate differs from other price oracles'. Impermanent Loss risk is higher if the two tokens do not go in the same directions, such as when the trading pairs consist of a stablecoin and a governance token. To justify the risks, we have adjusted the GRO/Vault and GRO/USDC pools to have the highest GRO rewards over other 2-asset pools where token prices traditionally trend in the same direction. On the other hand, single-asset pools do not suffer from Impermanent Loss since there is no arbitrage in sing-l pools.
APY tooltip

How APY is determined

If you hover your mouse around the tool tip (the circle with an "i" inside), you would be able to see the breakdown of the APY.
"GRO rewards" refer to the Gro DAO tokens earned. The APY is determined by several factors:
  1. 1.
    GRO token price - higher token price leads to higher APY
  2. 2.
    TVL of the pool - higher pool TVL leads to lower APY
  3. 3.
    GRO per block allocated for pool rewards - you could check the exact number allocated in the LPTokenStaker contract (see Contract Addresses). Once you're on Etherscan, you'd be able to see number of gro that is distributed to the pools by going to "Contract" --> "Read Contract" --> groPerBlock.
  4. 4.
    Pool weights - each pool has a weight that determines the pool's share of the GRO per block. As described above, the weights are typicallhigher for 2-asset pools due to Impermanent Loss, especially for GRO pairs that have stablecoins. The weights could be read from allocPoint in each pool (weight = allocPoint/100).
Pool ID
Pool
allocPoint
0
GRO single-sided
55
1
GRO/GVT (Uniswap v2)
340
2
GRO/USDC (Uniswap v2)
240
3
GVT single-sided
350
4
PWRD-3CRV (Curve)
150
5
WETH/GRO (Balancer)
50
"Pool fees" refer to the trading fees earned through providing liquidity to the pool; it is determined by the fee level charged and the pair's trading volume.
"Protocol returns" would only appear if one of the assets are either PWRD or Vault, which come with their own protocol returns through our yield strategies; in a 2-asset pool, the protocol returns shown would be pro-rated by the asset's % of value in the pool - i.e. the protocol returns of GRO/Vault 50-50 pool is only half of what Vault earns because only 50% of the pool is formed by Gro Vault tokens.
Sometimes pools could also come with their own rewards that are not included in this breakdown. For example, Balancer offers BAL rewards to users contributing liquidity in any Balancer pools. The BAL rewards ("liquidity mining rewards" below) are not included in what's shown in the tooltip on our page. You need to claim those rewards on the Balancer app here.
GRO/WETH pool as of 27th October 2021
You could stake and unstake any time without penalties. There are no restrictions to when you could unstake; if you choose to do so, your earned GRO rewards will not be affected - simply head to the Rewards Centre to start vesting.

Reminder about Risk

DeFi is still a very new space, and while that's exciting, it comes with risk. Gro Protocol's software helps you access this world, but make sure you do your own research and only supply assets you can afford to lose.
Last modified 9d ago
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