What is Giddy? Decentralized finance (DeFi) has changed the future of financial services by eliminating intermediaries. Giddy with the right tools, allows users to use their cryptocurrencies and earn more income on the Blockchain network.
In this article, let’s learn about Giddy and how this investment application helps users increase profits and optimize their investments in the field of decentralized finance.
To understand more about Giddy, you can read the following articles:
- What is a Cryptocurrency Wallet? Everything About Wallets in the Crypto Market
- What is Lending & Borrowing? The Essential Borrowing and Lending Puzzle in DeFi
- 5 Risks of DeFi That Users May Encounter
Giddy Overview
What is Giddy?
Giddy is a smart cryptocurrency wallet that allows users to self-manage their assets, fully manage their private keys, and has a recovery function.
Giddy connects users to opportunities to increase passive income. Giddy enables users to easily buy, sell, trade and profit from cryptocurrency, helping your cryptocurrency connect to opportunities in the decentralized finance market.
Giddy helps users conduct all buying, selling, storing and earning activities in one mobile device application.
Mechanism of action
If you are still holding cryptocurrency and hoping the price will increase? Instead, put your assets to work in DeFi, where you can earn many times the interest rates on bank deposits. Giddy was born to help users easily interact with DeFi.
If you have ever interacted with decentralized finance before, you have probably gone through the following complicated operations and steps: Connecting a wallet, selecting and accepting Tokens, adjusting Gas fees, etc. To be able to authorize Token swap transactions. These things create difficulties for users when there is an opportunity to increase profits with their assets.
With Giddy, you only need to operate in one touch and swipe of the screen, all the above steps and steps have been done by the application.
Giddy solves the common problem in Crypto transactions regarding Gas fees. All transactions in the Blockchain network require Gas fees. Giddy automates transactions and Gas fees for users, helping users save time and never have to worry about insufficient Gas fees when transacting.
The Giddy Difference
Bring opportunities to all
Previously, opportunities to connect and increase income with decentralized finance were only for those who are knowledgeable and passionate about DeFi. But with Giddy, you can easily make profits from investments, have more passive income with the services that Giddy provides.
Products offered by financial institutions on Blockchain include: Swap, Lending, Borrowing, Yield & Farming.
Security
With Giddy’s private key technology, you never have to worry about generating or storing a seed phrase again. Your private keys are split and stored across multiple locations that you control. If a shared location is lost or compromised, your key is still safe and you can recover your key.
Core Team
Ethan Parker(Co-Founder): He graduated Brigham Young University (2006-2010). He has held various positions in the positions (iOS Developer, Cross Platform Mobile Engineer, Mobile Apps Team Lead, iOS Instructor…) over the years at technology companies such as: Mountainland Technical College, Vivint Sola, Parker Planners, LLC as Founder. And used to be Head of Technology at Madico, Inc. (2019-2021).
From 2021, he works full-time at Giddy as Co-Founder.
Dave Lemke (CFO and CCO): Graduated from Brigham Young University with a major in accounting (2005-2009) and also earned a master’s degree in the same major here. Dave Lemke worked as a Senior Associate at the famous auditing company Deloitte (2012-2014), and held the Manager position at Bloomfield CFO (2014-2016). Dave also worked and promoted from Manager to Senior Manager and finally Director for PwC (2016-2021).
From December 2021, he officially works at Giddy as CFO & CCO.
David Hurst (CTO): Graduated from the University of Utah with a bachelor’s degree in Engineering and Computer Science. He used to hold many different positions such as: Software Engineer, Programmer/Audio Engineer/CFO, … at technology companies: Team TripleslashSanDisk. Outstanding is at SimpleNexus He holds the following positions: Sr Principal Software Architect, Technical Director, Egineering, Backen Guid lead/Sr Software Engineer.
From 2021, he works full-time at Giddy as CTO.
Investors
- January 2022: Seed round successfully raised $8M from a fund called Pelion Venture Partners.
- April 2023: Funding round successfully raised $6.9 M from funds such as Pelion Venture Partners, Peak, Clarke Capital.
Tokenomics
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Exchanges
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Giddy’s Information Channel
- Website: https://giddy.co/what-is-giddy/
- Twitter: https://twitter.com/giddydefi
- Discord: https://discord.gg/yPPsThbj
- Linkedin: https://www.linkedin.com/company/giddydefi/
summary
Giddy synthesizes the features of DeFi decentralized finance in a mobile application for users to easily access and use.
With multi-part private key storage and self-recovery security features, Giddy brings high security to users. Giddy is focused on making DeFi accessible and friendly to everyone, not just crypto enthusiasts.