Introducing the Grove Token
GROVE is the native token of the Grove Protocol, deployed on Ethereum as an ERC-20 with a supply of 10 billion.
Grove is a credit infrastructure protocol operating as a Sky Prime Agent within the Sky Ecosystem and incubated by Grove Labs. It is the canopy under which a family of credit infrastructure products is being developed, each addressing a different layer of the institutional credit stack.
This post introduces the GROVE token: what it is, how it is allocated, the role it is expected to play, and how to verify it. For more on the Grove Protocol and its products, including the latest product Grove Basin, visit grove.finance.
Token Details
- Token: Grove
- Symbol: GROVE
- Network: Ethereum
- Standard: ERC-20
- Total genesis supply: 10,000,000,000 GROVE
- Decimals: 18
- Contract: https://etherscan.io/token/0xb30fe1cf884b48a22a50d22a9282004f2c5e9406
- Contract type: SDAO contract from the Sky Endgame Toolkit
- Audits: ChainSecurity and Spearbit audits of the Sky Endgame Toolkit
After initialization, the GROVE token contract has MCD_PAUSE_PROXY as its authorized admin, meaning only Sky governance can authorize administrative actions on the token contract.
