Granary Finance (GRAIN)
Summary
Granary Finance was a decentralized, non-custodial lending and borrowing protocol forked from Aave V2, built by Byte Masons and an anonymous developer known as Fantom Menace, launching on Fantom in March 2022 before expanding to eight chains. The protocol raised over $5 million USDC via a community liquidity generation event in March 2023 and introduced the GRAIN governance token, but its TVL collapsed from a peak of approximately $60 million to under $200,000. By early 2025, the team announced the full withdrawal and discontinuation of Granary Finance across all chains, with GRAIN and OATH token holders migrated to the successor platform Cod3x (CDX). No regulatory actions, rug-pull allegations, or direct hacks of Granary contracts were documented; key risks include near-total value decline, deeply pseudonymous founding team, and protocol end-of-life.
Connected Entities
1 entities · 10 linked investigationsTimeline(10 events)
2022-03-03
Granary Finance launches on Fantom Opera with six initial assets (DAI, USDC, USDT, wBTC, wETH, FTM), forked from Aave V2.
Granary Finance Medium / BSC News2022-06-24
Harmony Horizon Bridge exploited for ~$100M. Granary Finance freezes its Harmony markets to protect user funds.
CoinDesk2022-12-01
Granary Finance slashes platform fees by 90%, directing all resulting revenue into GRAIN token buyback programs.
Granary Finance Medium — v1 Retrospective2023-03-14
GRAIN token Liquidity Generation Event (LGE) launches across seven chains, raising over $5 million USDC in approximately two weeks.
Blockworks / BSC News2023-07-06
Multichain bridge (Fantom's primary bridge) exploited or insider-drained for $125M+. Granary Finance freezes affected markets.
CoinDesk2024-04-01
Granary Finance announces merger into Cod3x ecosystem alongside Oath protocol; GRAIN and OATH holders to receive CDX token allocation.
Granary Finance X/Twitter2024-10-28
GRAIN-to-CDX migration window closes. Non-migrating GRAIN holders can no longer exchange tokens for CDX.
Cod3x Community Newsletter2025-03-01
Cod3x newsletter confirms Granary Finance will be withdrawn from all nine chains; Ethos Reserve on Optimism also discontinued.
Cod3x Monthly Community Newsletter: March 2025Decision Log
- hash: 58nrjF9ZviMFT1mLFw4tX48VTAd58uNDftVhJMry5V48
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 6/4/2026, 8:52:39 PM
last updated: 6/4/2026, 8:53:27 PM
avoid.net — verified advice for a post-truth world