Introducing the Grove Token

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.

Allocation

• Sky Ecosystem: 70% (7,000,000,000 GROVE)
• Grove Team and Contributors: 25% (2,500,000,000 GROVE)
• Grove Foundation: 5% (500,000,000 GROVE)

The majority of GROVE supply is allocated to the Sky Ecosystem. The remaining supply is allocated to the Grove team and contributors for ongoing protocol development, and the Grove Foundation to support ecosystem development and growth.

Allocation figures are provided for informational purposes and should be verified against official contracts, Grove Docs, and applicable program documentation. Allocations may change over time, subject to governance decisions and applicable documentation.

GROVE's Role

GROVE is expected to support Grove governance, including community participation in proposal processes. Staking and voting mechanics will be introduced progressively, subject to applicable terms, final governance documentation, eligibility requirements, and protocol development.

Security and Official Information

No GROVE claim, sale, or migration is being opened through this announcement. Do not interact with third-party links, forms, contracts, or accounts claiming to distribute GROVE.

Official information about GROVE is published only through Grove's website, Grove Docs, and verified Grove and Sky channels.

What comes next

This post is Grove's first formal overview of GROVE. Future updates will cover governance and participation mechanics as they develop.

Important Information and Disclaimers

This article is provided for informational purposes only. It is not an offer, solicitation, recommendation, or investment advice. GROVE token functionality, governance and staking mechanics, allocations, schedules, and program parameters reflect current plans and may change. They will be released progressively and remain subject to governance decisions, protocol development, final token and governance documentation, and onchain verification. GROVE, Grove products, and related rewards or incentive programs may be limited by jurisdiction, eligibility, and applicable terms, and participation in Sky-supported distribution programs is also subject to Sky governance and program availability. Allocation figures are provided for informational purposes and should be verified against official contracts, Grove Docs, and applicable program documentation.