 | Gyndore (GYND) |
Gyndore is the Bitcoin liquidity hub of Base, Coinbase’s Ethereum L2. It is built exclusively around cbBTC, Coinbase’s token backed 1:1 by Bitcoin and the only collateral it accepts. One place to borrow against your Bitcoin, trade it, and earn on it.
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BaseWhat is Gyndore
Gyndore is the home for cbBTC on Base. The chain has Bitcoin, but no venue built around it. Gyndore fills that gap with one platform where holders can borrow, trade, and earn against their collateral, instead of stitching those functions together across generic venues.
Three pieces drive it. The CDP-based borrowing protocol is the foundation, letting holders mint gynUSD without selling their Bitcoin. The DEX is the fee engine, giving gynUSD its deepest market and routing revenue back to GYND holders. The yield platform is the on-ramp, giving anyone a simple way to put idle gynUSD to work, deepening the Stability Pool and widening distribution as it grows. Each pillar makes the others stronger, so liquidity compounds rather than sitting idle.
The payoff is higher capital efficiency, more predictable borrowing costs, and a trust-minimized design rooted in the principles that make blockchain worth using: neutrality, transparency, and censorship resistance. The core protocols are immutable, with minimal governance and no discretionary controls, and the codebase will be fully open source, professionally audited, and publicly verifiable.
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