Gro (company)

Gro is a company with a decentralized finance (DeFi) protocol. It is located in London and was founded in 2020. The first two products built on it are the PWRD stablecoin with deposit protection and yield, and Vault with leveraged stablecoin yields.The company's stated mission is to empower its users to create and share wealth by combining features from both decentralized and traditional finance.

The company has initially launched two products: the PWRD stablecoin and Vault.

The PWRD stablecoin is a low-risk savings product with the intention to be used as an option for safer access to decentralized finance yields. The value of the PWRD stablecoin is backed by DAI, USDC, and USDT. Gro's Risk Balancer feature spreads risk among stablecoins and then offers Deposit Protection so the loss from stablecoins is absorbed by its second product, Vault.

Gro's second product is Vault and is also known as Gro Vault Token (GVT). It is also supported by Gro's Risk Balancer and the GVT is intended to be the highest-yield stablecoin vault in the market. Vault is meant to be used with PWRD stablecoin users so they buy deposit protection from Vault users through a profit sharing mechanism. It is intended to be used by investors as a long-term, high-yield investment due to its nature.