GrizzlyFi: The Decentralized Binance

One DeFi protocol made some big noise about a year ago, but shortly after they had the biggest launch ever on the BNB Chain and won the DeFi innovation award, it went quiet around the project. Even though they were quiet, they continued working all behind the scenes, as it seems, and just now made some bold announcements, which could lead them to be among the top projects soon.

In this article, we want to cover what they’re about to come up with and why it could be relevant.

Backstory

Grizzly is a decentralized ecosystem that aims to simplify and enhance the accessibility of DeFi (Decentralized Finance). Their goal is to become the central hub for DeFi, consolidating various DeFi utilities into a user-friendly interface or application. They strive to make the exciting opportunities in yield farming, trading, lending, and more available to individuals who may not be familiar with DeFi or even cryptocurrency. What sets Grizzly apart from centralized platforms like Binance, Coinbase, Nexo, and others is their utilization of blockchain technology. They leverage the full potential of smart contracts and build their entire platform on the blockchain.

"The difference between all the big centralized players and us is that we do not sell the coins or the vision; we actually build on the technology", said Elias Felchlin, Marketing director at Grizzly.

New Release: Grizzly Trade

Grizzly Trade recently unveiled their latest development, a fully functioning perpetual trading decentralized exchange (DEX). The team has been working diligently on this project for several months, keeping it under wraps until now. Currently, the deployment of the DEX is underway. They are excited to announce that they will be the first DEX to launch on opBNB, the new scaling solution on the Binance Smart Chain. Furthermore, they are thrilled to have the opBNB Team feature their launch on July 2, 2023. However, the true action will take place when the DEX goes live on the BNB Mainnet a few days later, on July 12, 2023.

This new release brings a fresh utility for the existing user base of Grizzly.fi, and it is expected to attract new users as well. The significant game-changing aspect of this release is that 25% of all fees generated will be utilized to create a deflationary mechanism for the Grizzly.fi native token, $GHNY. This deflationary feature sets it apart from similar products in the market, as $GHNY could become deflationary within a matter of weeks.

Much more to come:

Grizzly Mobile:

Similar to Uniswap, Grizzly is actively working on introducing decentralized finance (DeFi) to mobile devices through their app, which will be available on both the App Store and Play Store. Their upcoming mobile experience aims to combine multiple DeFi utilities into one platform. Users will have access to liquidity mining, staking, and lending services, as well as the ability to trade BTC, ETH, and other cryptocurrencies with leverage of up to 50x. Additionally, users can make payments using the native Grizzly Mobile Card. The app is designed to cater to the needs and desires of millions of crypto users worldwide while maintaining a high level of decentralization.

Grizzly Spend:

The team recognized a significant demand for an additional spending medium to complement the existing options. They particularly saw the potential for seamless integration with other Crypto native utilities. The recently announced Grizzly Card will not only be provided as a physical card delivered to the user's home but will also be accessible through Apple Pay. By partnering with Vacabee.com strategically, all cardholders will enjoy exclusive travel benefits. This is just one of the exciting features awaiting the over 3,000 individuals who have already registered for the Grizzly Card.

Mobile and Card trailer: 

Summary:

Overall, the bears did what every bear does in the winter by retreating into their caves. During this time, Grizzly focused on creating DeFi applications. The team expressed their intention to create a solid foundation and strive for significant growth, aiming to offer a distinctive and user-friendly DeFi experience. They also aimed to attract a large number of individuals when the next bull market arrives, expecting millions of new participants to join the DeFi sector.

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