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Grizzly.fi

Decentralized Finance (DeFi)
Segments:
Borrowing and Lending
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Product stage:
Seed
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Based in Switzerland, Grizzly.fi offers a platform built on the Binance Smart Chain that enables users to aggregate yield by supplying liquidity to decentralized exchanges. The protocol operates as a DAO, governed by its native token Grizzly Honey (GHNY). Grizzly uses 70% of the profits to buy back the GHNY token on the open market and maintain constant buying pressure. The platform also uses algorithmic auto-compounding to enable rewards to be automatically reinvested on a daily basis.

The platform was launched in August 2022 and claims to have carried out multiple cybersecurity audits. 

Funding and financials 

In August 2022, Grizzly.fi raised USD 26 million in funding via a “Community Fair” launch, which saw a number of anonymous backers invest in the company. The company earmarked the funding to build out its ecosystem, increase adoption, and develop its core product offering. 

Decentralized Finance (DeFi)

Decentralized Finance (DeFi)

Key stats
Featured companies
246
Total funding (USD)
13.5 Bn
Total addressable market (USD)
67.3 Bn
Key competitors
 
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Product Overview
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Product Metrics
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Company profile
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Recent Updates

Funding
Jul 21, 2023
Grizzly.Fi launches decentralized perpetuals exchange
Decentralized Finance (DeFi)

Company Brief


HQ location:
Dubai ARE
Founded year:
2021
Employees:
11-50
Total Funding:
USD 26.0 million
Last Funding
USD 26.0 million, Aug 2022

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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