DeFi yield aggregator Gro Protocol will cease operations and dissolve Gro DAO.

According to the governance page of Snapshot, on September 20th, the community of DeFi yield aggregator Gro Protocol voted to pass the proposal of "dissolving Gro DAO and no longer operating the protocol" with a support rate of 70.95%, and providing clear exit strategies for stakeholders. The steps to be implemented thereafter are to extend Groda for 3 months (from October 3rd to January 3rd) to focus on dissolving DAO and stopping the operation of the protocol, with a budget of 180,000 USDC. Users can withdraw assets from GVT, PWRD, and Pools at any time (unlimited). Previously reported by BlockBeats, DeFi project Gro announced the completion of a $7.1 million seed round financing in March 2021, led by Galaxy Digital and Framework.