Gyroscope
DEX
Description
Gyroscope is developing GYD, a decentralized, noncustodial stablecoin fully backed by diversified assets in smart contracts. Governed on-chain by the Gyroscope DAO, the community can propose and vote on changes. The stablecoin maintains a 100% reserve ratio with 1 USD worth of collateral per GYD. Gyroscope raised $4.5 million in seed funding, co-led by Placeholder VC and Galaxy Ventures.
Value Proposition
Gyroscope is a project that aims to create a novel type of decentralized, noncustodial stablecoin called GYD. GYD is designed to be fully backed by a diversified reserve of assets held in smart contracts.
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Programs
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Superchain
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