GrowthDeFi’s Updated Roadmap

Introduction

Throughout February and March we have been working on many things and we are finally close enough to share more information about everything that is going to be happening in the short and mid term future.

GRO Bridge

The GRO Bridge will be launched in March and it will enable GRO holders to move their tokens between the Ethereum and BSC, this is important because GRO (BSC) will be a key token for the products that we’re developing both for DAO and profit-sharing.

gROOT Harvest

The goal with gROOT is very straightforward, increase treasury size and cashflows whilst rewarding gROOT holders loyalty with BNB, that is why the introduction of gROOT Harvest is significant, we want to switch the model for gROOT from incentivizing holding by farming more gROOT to staking it and receiving BNB proportionally to the cashflows the treasury is generating.

Why should there be a staking and unstaking fee?

There are three main purposes for having a fee:

  • Buybacking gROOT automatically
  • Having a fee means that a smaller % of the gROOT supply will be staked, less staked = more BNB per staked gROOT
  • Lower the sell pressure by disincentivizing unstaking

GRO Yield

GRO Yield works in the same way as gROOT, and it gets most of its BNB from core products such as strategy tokens and PMTs.

WHEAT: High-Yielding Strategy Tokens and PMTs

We are also looking to introduce strategy tokens and PMTs to BSC yield opportunities, starting with PancakeSwap strategies.

How does this benefit GRO?

This benefits GRO in three main ways:

  • Secondly, a portion of all the CAKE farmed goes to buybacking GRO and distributing BNB for GRO Yield.
  • Higher Yields for stkGRO

How does this benefit gROOT?

This benefits gROOT in two main ways:

  • Secondly, there’ll be a gROOT/BNB pool incentivized with WHEAT, stopping any inflation currently coming from gROOT farming.

Why would anyone hold WHEAT?

The long-term value proposition of WHEAT is strong as the LP token balance is perpetually increasing and you can get very high APRs/APYs by staking your WHEAT or providing liquidity for BNB/WHEAT to compensate for the temporary inflation.

Future Products

There are many products we are considering to add to the GrowthDeFi ecosystem as it evolves, some of the ones we’re considering are an options protocol on BSC which uses PMTs to get yield and gets premiums from selling call and put options (this would also allow hedging from the side of miners, investors and also liquidity providers who might be worried of their LP token $ worth position going down when yield farming).

The tokens of the GrowthDeFi ecosystem

GRO: Core token of the ecosystem, has governance rights over everything, it’s deflationary, gets a share of revenue from anything that is built.

Conclusion

We are excited to finally share some more details about what’s coming for the GrowthDeFi ecosystem as a whole and what it means for the long term future of GRO, gROOT and WHEAT.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store