After nearly 3 years of building in DeFi, we are winding down Grix. We've fully explored funding options but couldn't secure what was needed for sustainability.
The shutdown will be phased over the coming weeks.
When we started, we bet big on DeFi options back when perps weren't dominant, and in the last 3 years we:
- Built a solid DeFi options community
- Launched Grix v1 & v2, nailing the roadmap
- Aggregated nearly all options OI in our data layer
- Partnered with top protocols, making Grix a known brand
- Rolled out the execution layer for trades
- Launched $GRIX as the protocol token
- Pivoted to Calypso to connect AI agents with DeFi derivatives protocols
Though we executed our roadmap as planned, the market reality hit differently: Options growth stalled hard vs. projections. The broader DeFi options market has faced tough conditions overall, and low liquidity has made it challenging for the sector to gain momentum. Innovations like perps exploded in popularity and captured the bulk of trading volume.
We believed DeFi options would become a major force, offering sophisticated risk management and hedging that could elevate the space beyond simple spot and perpetuals. But while the sector shows immense promise (and we're still very optimistic about its long-term potential), DeFi options haven't taken off as we expected (yet). Maybe we were right about the direction but wrong on the timing. only time will tell.
Huge appreciation to our investors - you enabled us, we gave our best and made the most of the $ raised in the last 3 years.
Though this chapter closes, we're excited to keep building in DeFi and beyond. Lessons from Grix will fuel the next innovations!
DMs are open if you would like to reach out.
Just your friendly reminder that @GrixFinance brings together all DeFi options protocols & Deribit into one clear, aggregated #options chain.
If you’re looking to trade the expected Trump-Xi volatility with $BTC or $ETH options, this might be the best place to start.
https://t.co/H2rBBHp1HC
TLDR:
To "protect solvency of our fund" we extremely prematurely closed any profitable positions users had while allowing all unprofitable ones to get liquidated.
We have successfully "protected our users" by making 41 million dollars instead of letting them make money instead.
Yes, we made in 2 hours 15x more than we did in last 30 days combined (3.5m$ total for 30 days, 41m$ in 2 hours) but we successfully protected our users from the sin of making money.
Also, all our users especially those with 10 followers commenting everywhere read docs carefully and knew exactly how ADL works and that it would trigger in case they had profitable trade. They certainly didn't just read about it.
Insert:
> No crying in the casino
> Skill issue
> Git gud
> 100% uptime and flawless work
Thanks for playing,
Hyperliquid
Polymarket is in a pickle right now.
20+ news outlets, including @Polymarket themselves, have covered President Zelenskyy wearing a suit in June 2025, and yet the market remains unresolved.
A market worth $14.8M USD may about to be rugged:
Strike skew = edge.
MCP shows the spread between calls and puts across expiries — so your agent can act, not guess.
Skew on $2,550? 57.27. That’s structure in motion.
Grix x @AgentXYZ_ai
We’re teaming up with AgentXYZ — builder of a multi-agent trading terminal for traders — to bring structured derivatives data into their system.
This collaboration expands access to real-time options data and market structure, helping power the foundation for agent-native trading.
Structured signal. Actionable layers.
This is how trading agents evolve.
Nine hours ago a suspicious transfer was made from a potential victim for 3520 BTC ($330.7M)
Theft address
bc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g
Shortly after the funds began to be laundered via 6+ instant exchanges and was swapped for XMR causing the XMR price to spike 50%.