DeFi protocol GRO considers shutting down during industry-wide correctionAuthor: Andrew Thurman, Blockworks; Compiler: Songxue, Golden Finance
As user activity and transaction volume decline in the DeFi space, a protocol that peaked at $70 million in total value locked (TVL) in late 2021 voted to "decommission the protocol and the DAO" on Tuesday.
In a vote passed early Tuesday morning, the GRO DAO voted to cease ongoing operations. It will redeem the remaining treasury funds directly to GRO token holders who deposited into the redemption contract.
Three options were presented: relax operations, support a two-person team to continue development, or reject the proposal entirely. It was decided to allocate $180,000 (in USDC) over three months, allowing the “Groda Pod” development team to issue a compensation contract and cease activity.
The proposal will “difficult markets, the performance of the Gro protocol...
金色财经_·2023-09-21 07:27