Giddy
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 25 → 50. Problems weighed by who is responsible: the subject's own conduct −16, concerns that are not fraud −9.6, problems around the subject, caused by others −2.4; legitimacy credit long-running +10, regulated +10; no longer operating, so capped at 50. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -16 |
| Concerns that are not fraud | -9.6 |
| Problems around it, caused by others | -2.4 |
| Long-running | +10 |
| Regulated | +10 |
| Sum | 57 |
- No longer operating, so capped at 50.
Score: 50/100 (kept between 0 and 100)
How scoring works →Summary
Giddy (also branded DefiQ, Inc.) was a Draper, Utah-based self-custody DeFi wallet and yield-farming platform that launched its GDDY token on the Polygon network in April 2022. The project raised over $15 million from VC investors including Pelion Venture Partners, but has since shut down — leaving the GIDDY token trading more than 99% below its all-time high of approximately $0.35 in May 2022. ZachXBT has flagged the entity as a concern in the crypto trust-intelligence space, and community reviews allege that team members sold tokens prior to the app's public launch and that advertised staking yields were never delivered.
Connected Entities
3 entities · 60 linked investigations- Giddy→mentioned with→Polygon(80%)
- Giddy→mentioned with→ZachXBT(70%)
Connected Through
2 shared actors · 550 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □ZachXBTorganization
- □Polygonorganization
Timeline(12 events)
May 2021
Giddy (DefiQ, Inc.) founded by Eric Parker and Ethan Parker in Draper, Utah.
7 April 2022
GIDDY token launched on the Polygon network via Token Generation Event (TGE).
10 April 2022
Token Generation Event (TGE) concluded; token listed on Polygon DEXes.
April 2022
Giddy announces $8 million seed round led by Pelion Venture Partners, with notable angel investors including Geremy Mustard (Fortnite co-creator).
9 May 2022
GIDDY token reaches all-time high of approximately $0.35 on Polygon DEXes.
November 2022
FTX collapses; Giddy publicly positions itself as a safer self-custody alternative, with 100,000 users on waitlist.
31 January 2023
Utah Business publishes article noting Giddy was unaffected by FTX collapse but some Utah crypto investors lost big in the broader market.
April 2023
GIDDY staking rewards distribution program ends (12-month distribution of 57% of supply concludes).
27 April 2023
Giddy raises additional $6.9 million round with continued Pelion, Peak, and Clarke Capital participation, bringing total funding to over $15 million.
22 November 2023
Last documented Giddy news/activity entry on CryptoRank tracker.
2024
Estimated period when Giddy ceased active operations (exact date not publicly confirmed).
May 2026
giddy.co displays only a shutdown notice; GIDDY token trading at approximately $0.0001 or below — more than 99.9% below all-time high.
Decision Log
- slot 455358066 · hash 31tiHJ6ASkXFTcuePksc5vEmpuQcTGqmhq93mw6GsYen
- slot 422346982 · hash Dq4JuU3zRgGuKmS95MNQwyqLv5krtCopPAWtMUAU6Eau
This investigation is cryptographically anchored to the Solana blockchain (2 decisions). 11 of 16 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:11 AM
last updated: 10/10/2026, 6:39:57 PM
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