Grove Is Now Live on Sky Ecosystem Rewards

GROVE, the native token of Sky Agent Grove, is now available through the Ecosystem Rewards module on Sky.money. You can supply USDS to the Ecosystem Rewards module and your position begins accruing GROVE rewards, joining SPK among the tokens available through the module.

This post covers what Grove is, how the Ecosystem Rewards module works, how GROVE is distributed, and how to verify everything for yourself before you supply.

Grove is a credit infrastructure protocol operating as a Sky Agent within Sky Ecosystem, they help bridge traditional finance and stablecoins through tokenized real-world assets. GROVE is its native token, an ERC-20 on Ethereum. The GROVE token is expected to support Grove governance and community participation, with staking and voting mechanics introduced progressively over time.

By supplying USDS to the Ecosystem Rewards module, you can tap into a stream of GROVE token rewards allocated by Sky Governance. These rewards are distributed to USDS suppliers on a schedule that you can review on the Sky Atlas.

For token specifics and official updates, refer to Grove's own website, documentation, and verified channels.

What Sky Ecosystem Rewards are

Sky Ecosystem Rewards take you beyond standard stablecoin yield. By supplying USDS to the Ecosystem Rewards module through Sky.money, you receive the native tokens or points distributed by Sky Agents, the independent capital allocators of the Sky ecosystem.

Your USDS and the rewards you receive sit in a non-custodial smart contract that represents the USDS pool, no intermediary takes custody of your assets. And then, your rewards accrue in proportion to your share of the total USDS supplied to the module, and as the pool grows or shrinks, your share adjusts.

How the reward rate works

The reward rate is variable. It is not a fixed APY. Three factors determine it:

• the issuance rate of the token being rewarded, which is set by Sky Ecosystem Governance;
• the market price of that token; and
• your proportional share of the total pool of assets linked to the module.

Sky.money does not control the issuance, determination, or distribution of these rewards. Those parameters are governance-set and executed by smart contract. You do not need to take that on trust: the pool size, distribution parameters, and your proportional share are verifiable onchain and through independent analytics.

Supplying USDS to the module is non-custodial, and you can withdraw at any time, with no lockups, no minimum holding periods, and no exit fees. Your USDS remains dollar-denominated and withdrawable throughout. Its value is separate from the market value of GROVE, which is variable and never guaranteed.

To begin accruing GROVE, supply USDS to the Ecosystem Rewards module at app.sky.money.

How to verify GROVE and stay safe

The official GROVE token claim, as well as any sale, or migration do not run through Sky.money. You will only interact with the GROVE token on the Sky.money interface through the Ecosystem Rewards module. Official information about GROVE is published only through Grove's website, Grove Docs, and verified Grove channels. Before interacting with any contract, verify it against those official sources. Do not trust third-party links, forms, or accounts claiming to distribute GROVE.

Ecosystem Rewards are issued and distributed by Sky Ecosystem partners and Sky Agents. Sky.money does not control their issuance, rate, or value. All rewards are variable and subject to market conditions.

Common Questions