Grove Points goes live on May 21

This mints sUSDS and registers your address in the Grove Points program. Points begin accruing immediately. Withdrawals are available at any time, to either USDS or USDC, and accrued points are not lost on withdrawal.

Credit where Credit is Due

10 million Grove Points are available per day, allocated in 15-minute intervals. Each participant accrues points proportional to their share of total sUSDS minted through Grove Savings.

Supplying USDS or USDC through Grove Savings registers your wallet with the program. Once registered, the wallet’s full sUSDS balance accrues points, including any sUSDS minted and held before Grove Points program registration. Supplying as little as $1 of USDS or USDC through Grove Savings is enough to bring an existing balance into the program.

IMPORTANT: The reverse also holds. If a wallet later mints sUSDS through Sky directly or another Sky Prime Agent, its full sUSDS balance moves out of the program and stops accruing Grove Points. Using other products to access the Sky Savings Rate may prevent Grove Points from accruing during the points campaign.

Points are non-transferable and tracked offchain. The program has no referral mechanics or wallet-based bonuses, a design choice that limits sybil behavior. Participation is subject to applicable terms and conditions, including geographic eligibility restrictions.

This is how the wider onchain finance community takes part in Grove.

Supply through Grove Savings. Track your participation.

Enter the Grove. 🦜

Frequently asked questions

What do I supply, and how do I start?

Open app.grove.finance, connect your wallet, go to the Savings tab, and supply USDS or USDC. This mints sUSDS and points begin accruing immediately.

Can I withdraw at any time?

Yes. Withdrawals are available at any time and can be made to either USDS or USDC. Accrued points are not lost on withdrawal, but withdrawn balances will stop accumulating new points.

I already supply through Grove Savings. What do I need to do?

Nothing. When the program goes live on May 21, your existing sUSDS minted through Grove Savings begins accruing Grove Points automatically.

I already hold sUSDS minted through Sky directly or another Sky Prime Agent. Can I bring it into the program?

Yes. Supplying as little as $1 of USDS or USDC through Grove Savings registers your wallet, and your full sUSDS balance starts accruing Grove Points.

What are Sky Savings Rate referral codes, and how do they affect Grove Points?

sUSDS, the liquid token that accrues the Sky Savings Rate, can be minted through several Sky Prime Agents in the Sky Ecosystem. Each Agent has its own referral code that registers a wallet with its program when sUSDS is minted through that interface. Grove Points accrue only on sUSDS carrying Grove's referral code. Supplying as little as $1 of USDS or USDC through Grove Savings applies Grove's referral code to your wallet and brings your full sUSDS balance into the program, including any sUSDS previously minted through another Sky Prime Agent or through Sky directly. The reverse also holds: if you mint sUSDS through another Sky Prime Agent or through Sky directly during the campaign, your full sUSDS balance moves out of the program and stops accruing Grove Points.

Are points transferable?

No. Points are non-transferable and tracked offchain.

Are there any restrictions on who can accrue Grove Points?

Yes. Participation in Grove Points is subject to geographic eligibility restrictions set out in Grove’s Terms of Use.

This communication is for informational purposes only and is not investment, legal, or tax advice. Grove Points are non-transferable, have no monetary value, and do not represent or guarantee any claim, security, or entitlement to any benefits, current or future. Any future program parameters, eligibility criteria, and distributions remain at Grove's discretion and are subject to applicable law and program terms. Grove does not guarantee specific outcomes and reserves the right to modify, suspend, or terminate the program.