Phil Stover

Co-founder @gryps_finance
Partner @ Honeycomb Blues Skies Ventures @pvpgamehub

[Phil Stover @philstover01]

I’m excited to share that I’ve joined @gryps_finance as Co-founder and CEO. Something we've already been working on behind the scenes for quite some time along with our great partners @DefiZoo_ @orbs_network @symm_io and @SeiNetwork including the SEI Development Foundation.

Gryps is building a high-performance perpetuals DEX on SEI, designed from the ground up for professional and institutional traders. The focus is simple: execution quality, predictable risk, and market structure that actually works at scale.

What drew me to Gryps wasn’t marketing or narratives, but the underlying design choices. An RFQ-based execution model, no pooled liquidity, and an emphasis on real depth and low latency reflect how serious markets operate, not how dashboards look.

On-chain derivatives are entering a new phase. The next wave won’t be defined by incentives or hype, but by infrastructure that can support real trading activity under stress. That’s the problem Gryps is solving.

Looking forward to building alongside a strong team and contributing to the @SeiNetwork ecosystem as we push toward launch.

More to come.

[Phil Stover @philstover01]

@Sarut0biSasuke Some interesting thoughts here!

[Phil Stover @philstover01]

Spurs & Thunder going to game 7 ❤️

[Gryps @gryps_finance]

Gryps Perps Ultra Release Notes

Product update: a few sharp fixes are going live shortly across the trade panel, position lifecycle, and tooltips.

Trade panel improvements:

• The intermittent “Price can’t be zero” error that used to flash in and out is fixed. The trade panel now holds onto your last-known mark price across short feed drops instead of flipping to zero, and on a fresh cold-load, when the price genuinely hasn’t arrived yet, the button shows “Loading market price...” instead of an error that reads like you did something wrong.

Position lifecycle:

• Pending positions no longer show a wildly-wrong uPNL while they’re filling. Previously a position that would actually open down 4-10% briefly displayed as down 30-40% because the math was running against your slippage ceiling, not the real fill. Now the uPNL column shows a placeholder, “Settling” or “—”, until the on-chain fill lands, and the real uPNL appears once the position is actually open.

Tooltips:

• Info-circle tooltips no longer get stuck on screen. They now dismiss reliably when their trigger unmounts, such as when switching positions in the details panel or conditional rows disappearing, and you can also click anywhere on the page to dismiss any open tooltip as an escape hatch.

[Phil Stover @philstover01]

https://t.co/EF67IWSKA6

[Jon Erlichman @JonErlichman]

Things that didn’t exist last time the Knicks were in the NBA finals:

iPhone
Facebook
Instagram
YouTube
𝕏
Tesla
SpaceX
Bitcoin
Gmail
Amazon Prime
Google Maps
Netflix streaming
Android
ChatGPT
WhatsApp
TikTok
Snapchat
Xbox
Pinterest
LinkedIn
iPad
Uber
Airbnb
Reddit
Spotify
Zoom

[Phil Stover @philstover01]

Who's watching the Thunder and Spurs western conf finals so far, Monday's game was all time and tonights was good too, this series is going to be a war.

[Phil Stover @philstover01]

Having fun with the @Voltrade_xyz guys running this competition while turning the devs loose on tons of great user feedback for @gryps_finance simultaneously.

[Voltrade.xyz @Voltrade_xyz]

JUST IN: We're at the half way point of the @gryps_finance $5K USD + VXP trading competition... approaching 2M USD Volume 🔥

56 traders registered, but just one absolute legend is dominating the leaderboard. Our 500K daily trading limit gives you lots of time to take down the king 👑

Want to get in on the action? Register now: https://t.co/bGniO61IQT

[Phil Stover @philstover01]

Entering week 2 of the @Voltrade_xyz campaign.

We’re seeing exactly what we hoped for: serious traders engaging with real volatility, sharpening their strategies, and raising the level of competition.

There’s still time to join, trade with intent, and earn your place on the board.

@gryps_finance is where its at!

[Gryps @gryps_finance]

Coming into week 2 of the @Voltrade_xyz campaign.

The board is live, the spreads are moving, and there’s still time for sharp traders to get involved.

If you trade volatility, this is your lane.

Join the campaign, test your edge, and see where you stand!

[Phil Stover @philstover01]

@gryps_finance @Voltrade_xyz Strong start to week 2.

Great to see traders leaning in, testing their edge, and raising the standard already.

Plenty of room left on the board.

[Phil Stover @philstover01]

Crazy!

[Carl Moon 🌙 @TheMoonCarl]

This is actually unreal🤯

A guy just recovered 5 BTC ($400k) that had been locked in his wallet for 11 years.

Back in 2015 he got high, changed the password, and forgot it by morning. The coins sat there untouched ever since.

He tried 3.5 trillion brute force combinations. Paid recovery services. Nothing worked. He gave up.

Yesterday he uploaded his entire old college hard drive to Claude as a hail mary.

Claude dug through the files, found an older backup wallet, figured out the encryption format, and cracked it on the first try.

$400,000. Recovered by an AI chat.

[Voltrade.xyz @Voltrade_xyz]

The $90K solana:EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v @gryps_finance Whale Bonus Pool registration is live 🐳

👉https://t.co/zNOGLekHPI

Starts May 13, 12:00 UTC. Runs 30 days or until rewards are claimed.

Trading Volume Rewards:
1M = $500 USDC (50 claims)
5M = $3K USDC (10 claims)
10M = $7K USDC (5 claims)

✨50% off all trading fees for the duration of the campaign

[Gryps @gryps_finance]

Voltrade x Gryps is going live in 2 days 🔥

We’re teaming up with @Voltrade_xyz for an exclusive $100K USD + VXP Multi-Competition Trading Series.

What’s up for grabs:

💰 $10K in trading competition prizes
🐳 $90K Whale Bonus pool
🤝 50% off all trading fees

Registration is open now.

Sign up here: https://t.co/iSXy0dLcYg

Competition starts May 13.

Trade sharp. Climb the leaderboard. Make it count.

[Phil Stover @philstover01]

@orbs_network @orbs_korea 🔥

[Phil Stover @philstover01]

Proud to see this go live with @Voltrade_xyz.

Gryps is built around a simple belief: better intelligence should translate into better decisions in-market.

This competition is a chance for sharp traders to prove exactly that.

Registration is open. May 13. Make it count.

[Gryps @gryps_finance]

Voltrade x Gryps is going live in 2 days 🔥

We’re teaming up with @Voltrade_xyz for an exclusive $100K USD + VXP Multi-Competition Trading Series.

What’s up for grabs:

💰 $10K in trading competition prizes
🐳 $90K Whale Bonus pool
🤝 50% off all trading fees

Registration is open now.

Sign up here: https://t.co/iSXy0dLcYg

Competition starts May 13.

Trade sharp. Climb the leaderboard. Make it count.

[Phil Stover @philstover01]

@Sarut0biSasuke 🔥

[Phil Stover @philstover01]

@gryps_finance @Voltrade_xyz great way to kick off alpha and get a bunch of user feedback on what we've built so far

[Orbs @orbs_network]

who's building this w/ us?

[Gryps @gryps_finance]

We are extremely excited to announce our Trading Competition coming up with @Voltrade_xyz

With $100K USD + VXP multi-competition trading series for active traders.

$10K in competition prizes, a $90K Whale Bonus pool, and 50% reduced trading fees.

Registration is open ahead of the May 13 start.

Don't miss out!

[Phil Stover @philstover01]

Self-custody matters. But institutions are not moving size on ideology alone.

Execution quality is the real bottleneck.

If a $10M order leaks intent before fill, widens spread impact, or relies on non-firm liquidity, the trade is already compromised.

That is why the next phase of on-chain market structure is not just about who holds the keys.

It is about whether DeFi can deliver institutional-grade execution standards without sacrificing settlement guarantees.

Private intents. Competitive solver networks. Firm executable quotes. Non-custodial settlement.

That combination is where on-chain derivatives start becoming operationally credible for serious flow, not just accessible.

We explored this in our latest Gryps Research piece.

[Gryps @gryps_finance]

Self-custody solves one major problem in DeFi: control of funds.

But for institutional flow, custody alone is not enough.

Large orders need execution quality too:

- reduced pre-trade intent leakage
- competitive pricing from professional solvers
- firm quotes instead of soft indications
- on-chain settlement without compromising execution standards

Our latest Gryps Research piece explores why self-custody should be treated as the baseline, not the whole pitch, and how private intents, solver competition, and firm quotes can help make on-chain perpetual trading operationally credible for serious flow.

Read the full article here:

https://t.co/E5io1H3Wpb

[Phil Stover @philstover01]

@orbs_network 👀