Introducing the Grove App
The Grove App is officially live! The app launches with Grove Savings, where participants can deposit USDS or USDC into the Sky Savings Rate.
The Grove App is officially live! The Grove team has been building in public over the past year, deploying nearly $3 billion into institutional credit strategies through partnerships with some of the most established names in DeFi and traditional finance.
With the launch of The Grove App, that infrastructure now has a front door via a powerful, intuitive interface that brings Grove directly to you. Enter the Grove!
The app launches with Grove Savings, where participants can deposit USDS or USDC into the Sky Savings Rate. Grove Savings is the first of many products in Grove’s broader suite, and all our current and future offerings are designed to bring Grove's infrastructure, and the new opportunities it underpins, directly to a wider audience.
Enter the Grove
The Grove App is accessible through grove.finance. Simply click the “Enter App” button, connect your wallet, and the full experience is available immediately.
The app’s first product, Grove Savings, provides direct access to the Sky Savings Rate through a single deposit of USDS or USDC. Participants receive sUSDS, a yield-bearing stablecoin that auto-compounds returns directly into the balance, is fully liquid at all times, and carries no lockups or fees. The yield is generated through the Sky Agent Network, an independent network of capital allocators that compete to manage protocol capital across diversified, governance-approved strategies backed by institutional-grade collateral. This allocator network’s collective performance fuels the daily returns that flow to every sUSDS holder.
sUSDS is powered by Sky Protocol, which carries the legacy of one of the most battle-tested protocols in DeFi. It is the first DeFi savings product to receive an S&P credit rating, and every dollar of its backing is verifiable in real-time via skyeco.com.
For those depositing USDC, the app handles the conversion to USDS automatically as part of the deposit flow, with all steps visible in the interface and the entire sequence can be executed through a single signature via participants’ smart wallet. Deposits are fully flexible, with withdrawals available at any time in either USDS or USDC.
