Grove deposit limit proposal

What happened

Grove Labs proposed higher deposit limits for its Ethereum and Base Morpho vaults on October 21, 2026, for November 5 governance execution.

What changed

Grove Labs requests an increase from 20,000,000 to 100,000,000 USDC for each vault’s maximum deposit allowance. It requests the same increase in daily replenishment.

What did not change

Grove Labs proposes no changes to withdrawal rate limits or maximum exchange rates. Governance has not established execution through the cited proposal.

Confirmed

• Grove Labs requests the higher limits for the Grove x Steakhouse USDC vaults on Ethereum and Base.
• Grove Labs also proposes exchanging 1,484,740.589999 USDC for the same amount of USDS through the Sky PSM.
• Grove Labs requires approval from the Core Council Risk Advisor and governance changes before including the higher limits.
• Grove Labs specifies separate execution on Ethereum and Base, with Base changes dependent on delivery through the native bridge.

Still open

• The Core Council Risk Advisor’s approval and the governance vote remain unresolved in the cited proposal.
• Ethereum execution and subsequent delivery and execution on Base remain unconfirmed.

What it means for an advisor

• Ketju should track approval because the higher limits would let Grove allocate funds to Morpho vaults more quickly.
• Ketju should review the Sky memo’s allocation limits and bridge dependencies if governance executes these changes.