Gyroscope Protocol

Gyroscope Protocol

Created using Figma
Created using Figma
A fully-backed stablecoin with algorithmic price bounding and all-weather reserves.
no data
Raised funds - no Data
Token Details
Ticker
GYFI
Total supply
13,700,000
Additional Details
MVP/Prototype
Yes
Categories
Platform

About Gyroscope Protocol

Gyroscope's mission is to build robust public infrastructure for DeFi. The central piece is a fully-backed stablecoin with all-weather reserves and algorithmic price bounding:

  • A fully backed stablecoin: the Gyroscope stablecoin aims at a long-term reserve ratio of 100%, where every unit of stablecoin is backed by 1 USD worth of collateral.
  • An all-weather reserve: the reserve is a basket of protocol-controlled assets that jointly collateralize the issued stablecoin. Initially most assets will be other stablecoins. The reserve aims to diversify all risks in DeFi to the greatest extent possible. It considers more than just price risk, but also censorship, regulatory, counterparty, oracle and governance risks.
  • Algorithmic price bounding: Prices for minting and redeeming stablecoins are set algorithmically to balance the goal of maintaining a tight peg with the goal of long-term viability of the project in the face of short-term crises.

Activity

Followers:
8 173
HIGH
Tweets:
329
HIGH
30 Days Growth:
55
Year commits:
123
Watchers:
32
Stars:
55
Forks:
7
Open issues:
2

Gyroscope Protocol Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Ariah Klages-Mundt
Research & Development
unverified
Lewis Gudgeon
Development & Operations
unverified
Daniel Perez
Full Stack Development
unverified
Steffen Schuldenzuck...
Research & Development
unverified
Jonas Klemm
Growth & Governance
unverified
Josh Guha
Front-end Development
unverified
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Crypto Stats
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Market Info
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Ticker:
GYFI
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