Hey DXDao community! It’s Joyce from Gro Protocol.
I’ve come across the Treasury Diversification Proposal V3 proposal raised by fluidDrop to further allocate your Treasury balance to stablecoins. We would like to propose helping you manage part of the DXDao Treasury stablecoin balance through our risk-tranched stablecoin PWRD, which offers deposit protection while generating yield. Our goal is to make it work like an FDIC protected account but in DeFi with healthy yields.
Protect your stablecoin treasury from high-impact tail risks like the failure of a major stablecoin or protocol through (1) our Risk Balancer mechanism that ensures exposure to multiple stablecoins & protocols and (2) risk-tranching where Vault, our leveraged yield farming product, would absorb the loss for Treasury users if such failure occurs.
Generate healthy yields on your treasury stablecoin balance so the funds don’t stay idle until they’re deployed. With a base yield and having additional options to earn token incentives on top, Gro Protocol can provide yield generation options for DXDao Treasury stablecoin balance to help grow your prize pool. Details on token incentive options will be available once we complete our upcoming token launch via a Balancer Liquidity Bootstrapping Pool this month.
Suggested implementation: We suggest DXDao to allocate a pilot deposit that amounts to 1% of your stablecoin treasury i.e. $200K. You could decide to increase the allocation later on after having confirmed that our treasury product meets your expectations.
Next step: This proposal should be taken into consideration alongside other alternatives and be thoroughly discussed with the DXDao community. The discussion could naturally occur here, but we’re also happy to join a community AMA with other protocols offering treasury service to discuss how we can best help DXDao best manage your treasury together.
What is Gro Protocol?
Gro protocol is a stablecoin yield aggregator that tranches risk and yield through its PWRD stablecoin, which offers deposit protection, and Vault that provides leveraged yield farming. Our public beta was launched in mid-August 2021 following the announcement of our partnership with Argent. We have gone through three audits and currently host a Bug Bounty program with Immunefi. We are listed on Defillama and DeBank and have been integrated on Zapper. We will be launching our governance tokens through a Balancer Liquidity Bootstrapping Pool this month.
Docs: Gro Protocol - gro Docs