Grove Labs, the leading onchain credit and liquidity infrastructure protocol, today announced the addition of the Level team to expand its product capabilities and accelerate the future of onchain yield.
As part of Grove’s expansion plans, the team will leverage the Level team’s expertise to develop new products, strengthening its position as a leader in secure and transparent DeFi. The team’s proven track record in designing and operating secure yield primitives aligns closely with Grove’s mission of making institutional-grade onchain credit accessible at scale.
“We’ve always believed that building high-quality, accessible onchain financial products requires both innovation and scale,” said David Lee, cofounder of Level. “Joining Grove allows us to bring our vision to a larger platform and build the next generation of onchain yield products together.”
“Level is a team of DeFi-native builders who are deeply passionate about rethinking how yield is created and distributed onchain,” said Mark Phillips, cofounder of Grove Labs. “Welcoming them into Grove allows us to move faster in building open, democratized yield primitives that meet institutional standards while remaining accessible to a global onchain audience.”
About Grove Protocol
Grove is an institutional-grade credit infrastructure DeFi protocol designed to serve as the liquidity engine of Decentralized Finance. Incubated by Grove Labs as a Star within the decentralized Sky Ecosystem governance framework, Grove enables protocols, crypto-native organizations, and individual users to access institutional-grade yield. To learn more, visit grove.finance, X, and LinkedIn.
About Grove Labs
Grove Labs, a subsidiary of Steakhouse Financial, is a blockchain research and development organization dedicated to architecting the next generation of decentralized credit infrastructure. Co-founded by Mark Phillips, Kevin Chan, and Sam Paderewski, the team has facilitated over $5 billion of onchain capital allocations and brings deep expertise from both traditional and decentralized finance. Grove Labs builds open-source, non-custodial protocols and liquidity solutions that bridge institutional strategies with the DeFi world. Committed to fostering TradFi-DeFi convergence, Grove Labs advances financial innovation through rigorous research, collaborative partnerships, and production-ready software solutions.
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