Grove proposes lower reserves, higher exposure limits, and new Uniswap capacity

What happened

Grove proposed enabling Uniswap v3 functions on its Diamond PAU controller, retiring a Maple deposit permission, lowering the JTRSY capital reserve ratio, doubling JTRSY maximum exposure, and doubling allocator debt-capacity parameters.

What changed

If executed, Grove would gain new Uniswap liquidity and swap capacity, the JTRSY reserve ratio would fall from 100% to 25%, maximum exposure would rise from 2.5 million to 5 million, and ALLOCATOR-GROVE-A maxLine would rise from 5 million to 10 million USDS.

What did not change

The July record is a proposal for an August spell. It does not prove execution, and the JTRSY artifact and Sky Core autoline changes were explicitly outside the Grove spell payload.

Confirmed

• The proposed Uniswap deposit allowance is capped at 5 million with no replenishing slope during the initial phase.
• The proposal would set the Maple syrupUSDC deposit limit to zero.
• The requested JTRSY CRR is 25%, down from 100%.
• The requested ALLOCATOR-GROVE-A maxLine is 10 million USDS and gap is 2 million USDS.

Still open

• Whether the August 13 Grove and coordinated Sky Core spells executed.
• Whether the off-chain JTRSY artifact update was completed.
• The resulting live exposure, rate-limit, and autoline state.

What it means for an advisor

• Review the Sky memo if execution is confirmed because the proposal materially increases delegated deployment capacity and reduces reserve requirements.
• Verify that any approved Sky exposure does not inherit unreviewed Grove, JTRSY, Uniswap, or Maple risk.