According to Foresight News, DeFi yield aggregator Gro DAO has voted to dissolve the DAO and cease operations with a 70.95% support rate. The reasons for dissolution include unfavorable market conditions, poor performance of the Gro protocol, and the failure to deliver the Groda Pod. The proposal states that the Groda will be extended for three months (from October 3 to January 3) to focus on dissolving the DAO and ceasing operations, with a budget of 180,000 USDC. Users can withdraw assets from GVT, PWRD, and Pools at any time without a deadline.

Previously, DeFi project Gro completed a $7.1 million seed funding round in March 2021, led by Galaxy Digital and Framework.