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
1 entities- + 3 more
Timeline(12 events)
2021-05-01
Giddy (DefiQ, Inc.) founded by Eric Parker and Ethan Parker in Draper, Utah.
2022-04-07
GIDDY token launched on the Polygon network via Token Generation Event (TGE).
2022-04-10
Token Generation Event (TGE) concluded; token listed on Polygon DEXes.
2022-04-01
Giddy announces $8 million seed round led by Pelion Venture Partners, with notable angel investors including Geremy Mustard (Fortnite co-creator).
2022-05-09
GIDDY token reaches all-time high of approximately $0.35 on Polygon DEXes.
2022-11-01
FTX collapses; Giddy publicly positions itself as a safer self-custody alternative, with 100,000 users on waitlist.
2023-01-31
Utah Business publishes article noting Giddy was unaffected by FTX collapse but some Utah crypto investors lost big in the broader market.
2023-04-01
GIDDY staking rewards distribution program ends (12-month distribution of 57% of supply concludes).
2023-04-27
Giddy raises additional $6.9 million round with continued Pelion, Peak, and Clarke Capital participation, bringing total funding to over $15 million.
2023-11-22
Last documented Giddy news/activity entry on CryptoRank tracker.
2024-01-01
Estimated period when Giddy ceased active operations (exact date not publicly confirmed).
2026-05-01
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
- hash: Dq4JuU3zRgGuKmS95MNQwyqLv5krtCopPAWtMUAU6Eau
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:11 AM
last updated: 5/26/2026, 7:24:41 PM
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