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Grove Savings

Grove Savings is Grove’s named onchain interface for supplying USDC or USDS to receive sUSDS tied to the Sky Savings Rate, with access to stUSDS.
Category: Decentralised Borrowing & Lending

Description

Grove Savings provides the interface for supplying USDC or USDS and receiving sUSDS, whose exchange rate follows the Sky Savings Rate set by Sky governance. The savings page also provides access to stUSDS, an advanced Sky position with utilization-based rates, SKY-collateral exposure, and potentially reduced withdrawal liquidity. Grove Savings supports deposits, withdrawals, and related participation features.