This post aims to explain the next steps for Growth DeFi, why it is going cross-chain, when it will happen and how it will work going forward.

Why go Cross-Chain?

There are four main reasons for going cross-chain

• Lower transaction costs
• Faster transactions
• TVL and composability for other chains and L2 solutions has been increasing rapidly in 2021
• Bigger addressable market
• Higher overall yields by combining opportunities from multiple chains

The rAAVE to gROOT migration

A snapshot of rAAVE liquid balances will be taken the 20th of February, you just need to hold your rAAVE in your Ethereum address by the time the snapshot is taken (remove the…

This post will explain what will happen with rAAVE going forward and how those who were in the farming contracts when the exploit happened will be compensated.

1-rAAVE to gROOT Migration

We have decided to migrate rAAVE to a new token called gROOT which won’t rebase, this is being done to mitigate future vulnerabilities that may come up otherwise with rebasing.

Tokenomics of gROOT

Total Supply: 20,000 gROOT

Initial Circulating Supply (from the rAAVE airdrop): 1,500 gROOT

Ecosystem Incentives: 8,000 gROOT

gROOT Treasury: 10,500 gROOT

Liquidity Mining:

All the contracts are being reviewed and tested intensively, we will launch it when we are 100% certain that it’s…

This article explains the GRO/rAAVE exploit that happened on February 08, 2021 at 06:17PM UTC in one of the rAAVE staking pools (stkGRO/rAAVE).

A. What happened

An attacker created a Fake ERC-20 token named rAXZZ and an associated with it an Uniswap V2 Liquidity Pool paired it with GRO (GRO/rAXZZ).

1. Deposit

The attacker then proceeded in depositing 19,900,000,000,000 rAXZZ into the stkGRO/rAAVE contract, using the single asset deposit feature of the contract. This function uses the LP to swap half of the funds before providing the desired liquidity using both assets, as required by Uniswap pools.

Due to a vulnerability in the stkGRO/rAAVE contract…

The aim of this post is to help users understand better the potential rewards and risks of being a rAAVE liquidity provider. It’s recommended to read “The tokenomics of rAAVE” and “rAAVE’s monetary policy” first.

A general overview of being a rAAVE Liquidity Provider

Being a rAAVE liquidity provider is the best way to capture the full value of the rAAVE ecosystem. Liquidity in the pools is essential for the rAAVE treasury because it enables doing larger sells when the M/T ratio is very high and doing larger buybacks when the M/T ratio is low. …

The aim of this post is to help users understand better the monetary policy of rAAVE and what the treasury does. It’s recommended to read “The tokenomics of rAAVE” first.

What are the functions of the rAAVE treasury?

The treasury has four core functions which are:

• Sell rAAVE for other assets when the Marketcap is much higher than the Treasury’s portfolio worth.
• Buy rAAVE with other assets when the Marketcap is lower than the Treasury’s portfolio worth.
• Diversify its holdings across the DeFi space using PMTs V2, specific strategy tokens and long term staking holdings.
• Reward liquidity providers of rAAVE pairs.

1- Positive Rebase Tax

Whenever there is a positive rebase 10%…

The aim of this post is to help users understand better how the tokenomics of rAAVE work. It’s recommended to read “The tokenomics of GRO” first.

rAAVE’s rebasing mechanism

With rebasing when the market price is above the targeted price (rAAVE’s target price is 1 AAVE) the supply increases (higher supply, lower price). When the market price is below the targeted price the supply decreases (lower supply, higher price). Rebases happen once per day. If the supply increases it’s called a positive rebase and if the supply decreases it’s called a negative rebase.

Your token balance will adjust to the new supply. After…

The aim of this post is to help users understand better how GRO’s supply is currently distributed and what are the value accrual mechanisms for GRO once rAAVE and PMTs V2 are launched.

Supply Distribution (15th of January 2021)

GRO Treasury (499,000 GRO)

Circulating Supply (331,073 GRO)

• stkGRO (211,411 GRO)
• Uniswap GRO/ETH LP (33,543 GRO)
• Liquid GRO (86,119 GRO)

Vested GRO (158,333 GRO)

Total Supply (988,406 GRO)

Portfolio Management Tokens V2

For PMTs V2 we are lowering the barrier of entry, making them easy to use and profit from for every type of user.

Here are the main changes compared to V1:

• Fees now go directly to the GRO Treasury which can be used for buying back GRO and distributing it to stkGRO holders.
• More strategies…

Checkout snapshot for voting: https://snapshot.page/#/growthdefi/proposal/QmYNYnmAYzyX89orAVd42UhFuwvw9vmB2Yf2nubzsdsSzT

checkout image below for tweets or links to each tweet at bottom of page and be sure to cast your vote on snapshot linked above!

1. coinlordd https://twitter.com/coinlordd/status/1329050602723274753

2. nakkirosmo https://twitter.com/nakkirosmo/status/1328774831035322368

3. FreeHamster99 https://twitter.com/FreeHamster99/status/1329494729831026688

4. topp10 https://twitter.com/topp10/status/1328844406544326660

5. JustPmine https://twitter.com/JustPmine/status/1328809432344563716

6. AZahredeen https://twitter.com/AZahredeen/status/1329575666124169217

7. airdrops_id https://twitter.com/airdrops_id/status/1330572143571075072

8. alirehmat311 https://twitter.com/alirehmat311/status/1331356301721526274

9. MartyMcShill https://twitter.com/MartyMcShill/status/1330992614796038147

10. omgcorn https://twitter.com/omgcorn/status/1331223488930193414

11. fxawyy https://twitter.com/fxawyy/status/1331213893172146180

12. moose29055851 https://twitter.com/moose29055851/status/1329475817559175168

13. coinlordd https://twitter.com/coinlordd/status/1328966197925335040

14. BrianCr41073088 https://twitter.com/BrianCr41073088/status/1329529465039433729

15. DeFiDreamin https://twitter.com/DeFiDreamin/status/1330470320579497984

16. deficoins https://twitter.com/deficoins/status/1328566340349685760

17. AnthonyofCA https://twitter.com/AnthonyofCA/status/1328777470045143042

18. Malvisyor https://twitter.com/Malvisyor/status/1333161752847147008?s=20

19. coinlordd https://twitter.com/coinlordd/status/1330989380627009539