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1) $GRO Growth DeFi is not your average yield aggregator which is only farming some existing protocol and adding an inflationary governance token.
Instead, it is built on top of the most successful protocols (Compound, AAVE, Curve, …) and farming them ON LEVERAGE.
Instead, it is built on top of the most successful protocols (Compound, AAVE, Curve, …) and farming them ON LEVERAGE.
2) Since growth mints gToken out of your existing Token -> e.g. minting gETH from ETH there is flexibility in the structure and in the future you can hold your whole defi portfolio in gTokens and get the most profitable yield strategy for you.
3) Through Gtokens, you get a HIGHER roi than if you used Compound directly. This is done by adding locked liquidity pools within the smart contract and utilizing Balancer which will automatically create returns by adding the ability for others to arbitrage the trading of gTokens
4) All of this is automated and provides a higher APY, than the original underlying protocol. The usefulness of Growthdefi is that it is an aggregator of many different protocols, and it makes them more efficient.
5) There are plans to implement a wider range of strategies including AAVE, Curve, and Alpha Finance, with the overall goal to increase the average APY and lower the reliance on a single protocol.
6) These are for PMTs such as gDAI and gUSDC as it'd bring a lower reliance on COMP farming, adding AAVE and Curve tokens to generate stablecoins.
7) After this part of the roadmap is accomplished it would cost much less gas compared to putting your dai independently into Curve, Compound and Aave as minting GDai would give you exposure to all three protocols.
8) It's definitely a bit to take in at first. But the overall process for actually using gTokens is very simple for the end user. Just mint for example gETH from ETH and hold it, and when you see fit redeem.
9) $Gro is led by Rodrigo Ferreira a PHD in Comp Sci from Yale and Irving Cabello a seasoned fullstack developer with strong knowledge of the ethereum ecosystem.
https://www.linkedin.com/in/raugfer https://www.linkedin.com/in/irvingcabello/
https://www.linkedin.com/in/raugfer https://www.linkedin.com/in/irvingcabello/
10) Gro's TVL has been increasing steadily as people have been finding out about the protocol. Now at $7,334,197.
11) Additionally the protocol has been audited by Consensys. They have audited other popular protocols such as $Aave, $MTA, $Uni, $0x, and $Perp. https://consensys.net/diligence/audits/2020/12/growth-defi-v1/
