Areta Advised Gro DAO on Its Strategic Wind-Down and Treasury Redemption Process

Areta Led the Strategic Wind-Down and Treasury Redemption Process for Gro DAO

2024

Summary

Onchain Services
Special Situations

Gro DAO voted to cease operations and execute an orderly wind-down.

Areta advised Gro DAO on the strategic wind-down, coordinated stakeholder communications, and structured the treasury redemption process.

Gro was a stablecoin yield farming protocol that reached over $65M in Total Value Locked (TVL). Facing declining user demand and product activity, the project decided to wind down.

Areta was engaged to conduct a strategic assessment of the protocol's future and subsequently led the execution of its wind-down. Our responsibilities included managing the governance process and drafting the wind-down proposal, facilitating all stakeholder communications, and advising on the treasury redemption process.

This successful wind-down sets a key precedent for the onchain projects, demonstrating how a project can execute an orderly exit with clear mechanics for returning treasury value to token holders. It also highlights the importance of institutional advisory support in ensuring a streamlined process.