Gro Protocol Partners with Olympus, Visor, and Fei/Ondo

Gro Protocol thrilled to announce a new liquidity partners with Olympus, Visor, and Fei / Ondo.

These partners will bring:

  • Respective expertise in managing liquidity.
  • Improve the price stability of Gro DAO tokens (GRO).
  • Making easier to swap for GRO without high slippage or unnecessary price volatility.

 

Why GRO needs deeper liquidity

It’s been 7 weeks since Gro DAO token (GRO) launched through a Balancer Liquidity Bootstrapping Pool. In the recent weeks, GRO has had $12–20M liquidity ($20–34M paired liquidity) across Uniswap v2 and Balancer, where users can swap for GRO with USDC, WETH, Vault (GVT) and PWRD. The daily trading volume is at $2–6M across these pools.

With GRO reaching a wider audience and becoming actively traded after the token launch, the community has brought up the benefits of having deeper liquidity — allowing larger transactions to take place without causing unnecessary jump in token prices and reducing slippage for each trade.

Forming these partnerships will not only help GRO achieve deeper liquidity, but also build bridges between Gro and these pioneering DeFi protocols and their DAOs to pave the way for further collaboration. Becoming more interwoven the DeFi community would also increase Gro’s brand awareness, making partnership a better solution.

 

About Gro Protocol

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.

 

About Olympus DAO

Olympus is building a community-owned decentralized financial infrastructure to bring more stability and transparency for the world.

 

About Visor Finance

The Visor Finance protocol is made up of a few modular components which allow active management of assets within DeFi protocols.

 

About Fei Protocol

FEI is a scalable and decentralized stablecoin that leverages protocol controlled value (PCV) for peg maintenance while maintaining highly liquid secondary markets.

 

About Ondo Finance

Ondo Finance allows crypto-asset investors to trade the risk and reward balance of pooled assets. Existing yield in crypto-asset markets is in the form of volatile rates derived from a complex source of inputs. Ondo significantly broadens the investor base that can capitalize on these yields by establishing fixed yield positions with reduced risk and comprehensible exposure, while simultaneously providing new forms of leveraged exposure to experienced crypto-asset investors.

 

SOURCE:

MEDIUM

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