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Gro offers various account types designed to meet the needs of different investors seeking to earn and save through decentralized finance (DeFi). The primary account options include:
Gro Vault: This account utilizes a leveraged yield farming strategy, allowing users to earn higher returns by deploying stablecoins across various DeFi protocols. However, it comes with increased risks associated with smart contracts and stablecoin volatility.
Pwrd Savings: This account focuses on lower risk and lower returns, providing deposit protection. It is ideal for users looking for a more secure way to save while still earning interest.
Both account types allow users to choose their risk and return profiles, catering to both conservative and aggressive investors.
Opening a Gro account is a straightforward and paperless process that can be completed in just a few steps:
Download the App or Visit the Website: Begin by downloading the Gro app or visiting the Gro website to start the account creation process.
Select Account Type: Choose between the Gro Vault or Pwrd Savings based on your risk appetite and investment goals.
Provide Required Information: Enter essential details, including your email address, mobile number, and bank information (like IFSC code and account number).
Complete KYC: Verify your identity by providing your PAN details and any other necessary documentation. If using the app, you may need to upload a signature.
E-Sign the Agreement: For account activation, e-sign the account opening form using your Aadhar number.
Account Activation: Once your documents are verified, your account will typically be activated within a few hours, allowing you to start investing.
Gro provides a seamless experience for both new and experienced users, simplifying the process of engaging with DeFi investments.
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