Zurich, Switzerland, July 22, 2022 (Press.grizzly.fi) – Switzerland’s latest and most promising DeFi startup, Grizzly.fi, is launching the world’s most user-friendly yield farming platform. The company aims to accelerate the widespread adoption of crypto and bring DeFi to the masses.
They have developed a platform that is easy to use, reliable and benefits everyday users by making them money consistently and saving them time, hence the slogan “speculate less, invest more”.
“We used many different platforms like Pancakeswap and Autofarm for Liquidity mining and noticed that most of these platforms were too complex for the average user. With Grizzly.fi we want to make Liquidity Mining more accessible by automating the complex manual tasks and focussing on simplicity” – Andres Soltermann, Grizzly.fi CEO
After more than a year of developing, planning and creating meaningful partnerships, Grizzly.fi is getting ready to launch this August. Grizzly.fi already announced their partnership with the Swiss Crypto Valley Association back in September 2021, and have strong support from STORM Partners, the leading European blockchain service provider, that have provided solutions to companies like Aave, Swissborg and Elrond.
“It’s fantastic to see young entrepreneurs focused on bringing the present financial evolution that we are seeing in the decentralized finance space to the masses. I used to be fearful of the bear market, but now I am confident to embrace it through Grizzly.fi’s solution!” – Sheraz Ahmed, Managing Partner of STORM Partners
The Smart Contract developed by Grizzly.fi contains over 1500 lines of code that was developed and written by in-house developers. The project has been audited by Hacken.io, the leading Cybersecurity company in the crypto industry.
In addition, three more audits have been conducted by different crypto auditing companies. The result is a reliable and absolutely decentralized platform ready to be used by millions of crypto investors.
The platform includes an array of simplified, but innovative DeFi features, such as auto-compounding, leveraged liquidity mining, one-click Investing and pools without impermanent loss.
The auto-compounding offering is second to none, providing a simple, yet effective method for liquidity miners to automatically reinvest their profits.
As already mentioned, great useability is Grizzly.fi’s core value and it is their mission to make Liquidity Mining and DeFi in general as simple as possible. With their “one-click invest” feature they introduce the most straightforward onboarding process ever, which saves users a lot of time and headaches.
The Grizzly.fi roadmap looks solid, with many innovative features to be added in the future. In addition, the team is also working on building a suitable solution for the traditional finance system, which will allow banks, asset managers and many others to invest through their platform. The upcoming months will be focused on the registration of the Bitcoin ETP in Switzerland.
Even though the number of unique wallet addresses in DeFi has grown by approximately 69% since June 2022, the market is still in its infancy. With a total value locked of 96 billion dollars, the DeFi market is still compared to the total crypto market.
While the speed of adoption is rising, the problem with most DeFi platforms is that they are still too complex for the average user. Source
“The decentralized finance (DeFi) market has a market size of about $96 billion, and the whole crypto market is $1 trillion. These numbers seem big, but when you consider that about 70 trillion is parked in equities alone, that number puts it into perspective pretty quickly. For this reason, we will be launching an actively managed Bitcoin ETP in early 2022. This ETP is the first step to launch the much more complex Liquidity Mining ETP. The second ETP will allow our clients to invest in the revolutionary Stablecoin Liquidity Mining for the first time, and it’s easy to do via e-banking.”
While the speed of widespread adoption is hugely increasing, similar platforms are still notoriously complicated and overwhelming for the average user. Grizzly.fi is the exception, owning their motto “DeFi for everyone” by accelerating the adoption of decentralized financial technology in Web 3.0, through an accessible, profitable and reliable DeFi platform.
Grizzly.fi is expected to have an explosive launch at the beginning of August 2022. Their GRIZZLY HONEY ($GHNY) token will launch at the same time as the platform and will first be available on Pancakeswap.
The token will serve as a Utility and Governance token and operates as the fuel to the whole Grizzly.fi ecosystem. $GHNY tokens only get minted when performance happens on the platform and users claim rewards.
By this unique mechanism the supply of $GHNY will increase proportionally to the performance of the whole Grizzly.fi ecosystem thanks to the dynamic honey creation.
Crypto projects that want to launch a token can take many different approaches. You can for example choose to do a pre-sale, in which the token is sold to interested parties ahead of the initial coin offering. Another approach that is gaining more and more popularity is the ‘Fair Launch’. In case of a fair launch no one is able to buy tokens until the day of the launch. This ensures that no one has an unfair advantage at the time of launch.
How Grizzly.fi is innovating the way token launches can be done
There are many ways to launch a token, but most of these approaches are not perfect. While pre-sales give the chance to dump on early buyers, fair launches are often subject to bot buying. Because of these unfair advantages, people in the industry have been looking for better ways to launch projects.
We have been exploring a lot of different ways to launch our GHNY token. After strategizing and considering all possible options we created the fairest possible strategy to bring our project on the market. Our launch strategy will give the best possible price to our community with minimal downside risk. – Andres Soltermann, Grizzly.fi Co-founder
Swiss start-up Grizzly.fi is trying to revolutionise the way we conduct token launches by creating a fair environment for everyone. They will launch a token for their own liquidity mining aggregator, which will be done through a concept they call a “Community Launch”. According to the Grizzly.fi team, this is the fairest approach they could’ve taken for their community members.
What is a “Community Launch”?
The Community Launch is a mixture of a Fair Launch and a Pre-Sale, combining the best features of both approaches and eliminating the risks. With a Community Launch, all interested parties have the opportunity to buy into the Community Launch Pool. This pool will be open for 72 hours to accept deposits from everyone that’s interested in the token.
All the deposits collected in the Community Launch Pool will be used to buy tokens at the moment of launch. These tokens will then be distributed amongst all participants of the community launch. All of this will be done through a separate smart contract that has direct access to the liquidity pool. Like the main Smart Contract, this separate contract has been audited by Hacken.io and two other Audit firms and confirmed as secure.
By using this mechanism we will prevent Sniper Bots from buying up the token before our community and dumping on them. This strategy will give our supporters the best possible price and takes away the stress of having to buy right at launch. – Leon Helg, Grizzly.fi Co-founder
To ensure a healthy launch, the tokens purchased by the Community Launch Smart Contract will be distributed over a period of a month. In addition, Grizzly.fi has announced that a major marketing offensive will be launched in the first few months. With this approach they hope to stabilise and positively influence the token price while laying a foundation for further growth.
Due to the way decentralised exchanges work, the team has encountered some challenges with this strategy. The average price that the investors receive through the “Community Launch” is far below the price the token will be after the Community Launch Pool has bought. Meaning every investor that buys at launch will make a hefty profit from this strategy.
In itself this is not a problem, but it does allow for investors at launch to influence the price of the token. To ensure longevity of the project, a variable part of the funds paid is used to reduce price volatility by increasing the depth of the liquidity pool. With this concept, the listing price is 300% higher than the average price that the Community Launch investor receives through the community launch, while the security of the project is not at risk.
About Grizzly.fi
Grizzly.fi, a Swiss FinTech company, is looking to disrupt the DeFi industry with their Yield Farming platform. They aim to be the Hub of Yield Farming. An Aggregator where Yield Farming is made easier, safer and more profitable than ever before. With a strong focus on UX and usability, they hope to bring DeFi to a mass audience. Not only does Grizzly.fi disrupt the DeFi space with innovative features but also puts its claws into the traditional finance market by offering fiat investment gateways.
Name of press contact: Stan van Eyk
Phone: +31629323234
Email: stan@grizzly.fi
Source: Press Grizzly.fi
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