Grizzly.fi Review 2023: The Most User-Friendly New Liquidity Mining Platform [Enjoy Passive Income]
Grizzlyfi is a revolutionary new liquidity mining aggregator platform. The mission of this Swiss fintech company is to make DeFi (Decentralized Finance) as simple as possible for everyone by creating innovative financial solutions and making them accessible to everyone.
You can use the services of Grizzlyfi WITHOUT KYC over a well-designed and very intuitive web browser app. On Grizzley’s roadmap are also a mobile app and a debit card similar to the existing one of crypto.com.
We believe in simplicity, not complexity.
Grizzlyfi started in the summer of 2022 in the middle of a crypto bear market with a community fair launch. They have a very ambitious roadmap that promises a lot and has also delivered a lot so far. They first started on the BNB Chain and on the Ethereum blockchain, using proven existing protocols like PancakeSwap, Thena, Curve, or Liquity, where they also launched DCHF – the stablecoin on the Swiss franc.
Let’s take a closer look at Grizzly.fi and why, in our opinion, it is a perfect way to get a predictable passive income using the benefits of decentralized finance (DeFi).
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Note: We are no financial advisors. Everything in this blog is just our own private opinion. Do your own research.
What is Grizzly.fi?
Grizzlyfi is a fintech company founded and based in Switzerland and Dubai which built a new kind of liquidity mining aggregator that allows investors to participate in the benefits of DeFi without having to be a «crypto nerd».
What is the Grizzly Honey Token (GHNY)?
The Grizzly Honey Token (GHNY) is the lifeblood of the Grizzlyfi ecosystem. It can be staked and/or locked in the freezer for additional rewards and for special benefits in the future (special access to borrowing and lending services, credit card benefits, etc.).
Why Grizzly.fi is the Perfect Way to Get Started with DeFi
With its services, Grizzlyfi makes it very easy for anyone to start earning a regular income from cryptocurrencies. The intuitive app allows investors to earn rewards without much knowledge of DeFi, simply through a web browser or a mobile app.
By staking GHNY tokens and participating in liquidity mining different coin pairs, investors can generate passive income in the form of additional GHNY tokens without being worried about an impermanent loss when using stablecoin pairs.
Who founded Grizzly.fi?
Grizzlyfi was founded by Andrés Soltermann, Elias Felchlin, Grygoriy Bakalor, Leon Helg, Oliver Kol, and Roman Fritschi. The Grizzly team is very active on social media and extremely transparent in everything they do which strengthens trust in their product. We personally know them and they are cool and honest people.
Your Top Benefits of Using Grizzly.fi
Grizzlyfi is continuously evolving and adding new features to make the user experience better and better. It provides DeFi for everyone with easy access to decentralized finance services.
Some of its best features include:
Best Features of Grizzly.fi
Staking: Get Sweet Rewards from the Honeypot
The Honeypot is the pool where you can stake your GHNY tokens and receive GHNY and BNB tokens.
Depending on the revenue generated on Grizzlyfi the APR in the Honeypot can fluctuate. The more people use the platform, the more revenue is distributed in the Honeypot and the higher the APR/APY.
Liquidity Mining: Get Crypto Honey from the Hives
The best opportunity to earn Grizzly Honey Tokens (GHNY).
In the Grizzly Hives, you are able to do liquidity mining with GHNY and BNB or BUSD on the BNB Chain and earn rewards.
Note: Grizzly Hives have higher APYs but can be subject to Impermanent Loss.
In the Stablecoin Hives, you are able to do liquidity mining with stablecoins like USDT, USDC, BUSD, DAI, LUSD, or FRAX and earn rewards without having to be worried about an impermanent loss.
In the Mixed Hives, you are able to do liquidity mining with stablecoins and other coins like BNB or ETH and earn rewards.
Note: Mixed Hives have higher APYs but can be subject to Impermanent Loss.
Freezer: Multiply your Staking Rewards
You can freeze your GHNY tokens for 6 months and get lots of benefits:
- 4x multiplier when freezing instead of staking, without a timelock. The rewards are auto-compounded.
- Become eligible to order a Grizzly.fi debit card. The earlier you are the more benefits you will get.
- Earn an additional income if you refer Grizzly to your friends. The more you freeze, the higher the tier level you become.
Debit Card: Pay and Earn in the whole World
In 2023 Grizzlyfi will launch a new debit card, similar to the one of Crypto.com. It is a real game changer because it will also be accepted in countries like Turkey, Argentina, or Venezuela, where other crypto debit cards are not available.
Depending on the amount of GHNY you freeze, there are 5 levels available:
- Basic
- 1% Cashback
- 1% Sign up referral
- Silver (10 GHNY)
- 2% Cashback
- 2% Sign up referral
- 1% Spending referral
- Gold (100 GHNY)
- 4% Cashback
- 5% Sign up referral
- 1% Spending referral
- Exclusive Travel Deals
- 2,5% Save on Airbnb
- Platinum (1.000 GHNY)
- 6% Cashback
- 7% Sign up referral
- 1% Spending referral
- Exclusive Travel Deals
- 2,5% Save on Airbnb
- Black (10.000 GHNY)
- 8% Cashback
- 10% Sign up referral
- 1% Spending referral
- Exclusive Travel Deals
- 2,5% Save on Airbnb
Referral Program: Invite Your Friends And Earn Rewards
Invite your friends to join the Grizzlyfi referral program and get rewarded for it!
If someone visits Grizzly through your link, you will earn 1% of all GHNY tokens that are minted for him.
The rewards you get when you attract someone to invest in Grizzlyfi are generated additionally by the system. So nothing is taken away from anyone to pay the rewards.
Is Grizzly.fi Safe? What are the Risks?
In our opinion, Grizzlyfi is a secure and transparent platform. The smart contract has been audited many times by well-known companies like Hacken.io, Audit Boutique/21 Analytics, Axelra, and Crypto Security. There is also a bug bounty program.
Grizzly.fi is a non-custodial platform which means that you are always in control of your own private key. To access the desktop app you can use Metamask Wallet, Trust Wallet, or WalletConnect.
The team behind Grizzly.fi does a great job and is well-connected in the crypto space. There are also managed Telegram groups in many languages.
Grizzly.fi Pricing
The use of the platform is free.
Grizzly.fi Pros and Cons
Here are some of the pros and cons of Grizzly.fi:
Grizzly.fi Pros
Grizzly.fi Cons
Grizzly.fi Alternatives
There are not many alternatives to Grizzly.fi available that offer similar services. Some competitors are:
What Customers say about Grizzly.fi
According to Trustpilot Grizzly.fi has an excellent rating (more than 90% give 5 stars). In general, people seem to be very happy with the company.
My Personal Experience Using Grizzly.fi
I became a Grizzly at the community fair launch of the project in 2022 and I have never had any issues with the platform. It was never easier to earn money with cryptocurrencies. The Grizzly team is very trustworthy and engaged. The marketing is very professional and the roadmap is full of amazing topics like the all-in-one app and the new debit card. I believe that the project will be successful in the future, especially when the crypto winter will be over.
Conclusion: Should you Invest your Money in Grizzly.fi?
If you’re looking for an easy yet secure way into decentralized finance, then Grizzly.fi is worth checking out! But, like always, do your own research!
With its wide array of features, anyone should be able to find something that suits their needs within this versatile platform. Plus – being able to manage everything from one single interface makes things even more accessible when compared to other alternative platforms too.
