What Is Grove (GROVE) and How the Sky Ecosystem Credit Protocol Reached $2.6 Billion
Grove (GROVE) routes stablecoin liquidity into on-chain credit and real-world assets, hitting $2.6 billion in TVL. Here is what the Sky credit Star does.
ā¤ Grove Protocol, a credit and RWA Star within the Sky ecosystem (evolved from MakerDAO), has rapidly achieved $2.6 billion in Total Value Locked (TVL) by directing stablecoin liquidity into on-chain credit and real-world assets. ā¤ The protocol offers three products: Grove Savings for retail users, Grove Allocator for institutions with scaled deployments and guardrails, and Grove Financing for lending into external credit venues. ā¤ A significant $1 billion allocation into a tokenized AAA-rated Collateralized Loan Obligation (CLO) strategy highlights Grove's focus on institutional fixed income and its differentiation from crypto-native yield farming, though risks associated with credit default and smart contracts remain.
