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Gyroscope (GYD)

Gyroscope is a crypto startup building a decentralized stablecoin called GYD (gyro dollar), which has an “all-weather” reserve design intended to diversify risks in the DeFi ecosystem.

Seed Round: $4.5 Million

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Overview

Project industryOther
Product typeProtocol
FoundedUnited Kingdom
WhitepaperGyroscope White Paper Open

What is Gyroscope

Gyroscope's mission is to build robust public infrastructure for DeFi. The central piece is a fully-backed stablecoin with all-weather reserves and autonomous 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.
  • Autonomous price bounding: Prices for minting and redeeming stablecoins are set autonomously 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.

Gyro Proto (p-GYD) is a beta version of the Gyroscope stablecoin system. It is released in a guarded form on Polygon for testing purposes prior to the full Gyroscope launch on Ethereum.

Details

Raised: 4,500,000 USD

Legal

Blockchain Platform: Ethereum
Registration year: 2020

Token info

Ticker: GYD
Type: Utility-token

Gyroscope Roadmap

1
July '20

Prototype

2
Dec '20

Whitepaper

3
Apr '21

Testnet

4
Oct '21

Emergent DAO

5
Nov '21

Final Protocol Design

6
Jan '22

First Code Audit

7
Apr '22

Completion of Sybil Challenges

8
Jun '22

Sybil-resistant NFT launched

9
Jul '22

Final Code Audits

10
Aug '22

2- and 3-CLPs deployed on Polygon (for testing, capped)

11
Sep '22

Consolidated Price Feed Deployed

12
Nov '22

E-CLP deployed on Polygon (for testing, capped)

13
Jan '23

Gyro Proto launched (capped)

14
Q2 '23

Full Deployment on Ethereum

15
Q4 '23

Launch SAMMs on L2s

16
Q1 '24

SC Issuance by Leveraged Loans

Project team

Ariah Klages-Mundt
Ariah Klages-Mundt
Research & Development
Ariah Klages-Mundt linkedin
Lewis Gudgeon
Lewis Gudgeon
Development & Operations
Lewis Gudgeon linkedin
Daniel Perez
Daniel Perez
Full Stack Development
Daniel Perez linkedin
Steffen Schuldenzucker
Steffen Schuldenzucker
Research & Development
Steffen Schuldenzucker linkedin
Jonas Klemm
Jonas Klemm
Growth & Governance
Jonas Klemm linkedin
Josh Guha
Josh Guha
Front-end Development
Josh Guha linkedin
Teva Klages-Mundt
Teva Klages-Mundt
Graphic Design
Teva Klages-Mundt linkedin
Jacek Czarnecki
Jacek Czarnecki
Strategy & Legal
Jacek Czarnecki linkedin
Flora Ma
Flora Ma
Operational Support
Flora Ma linkedin

Social media

Gyroscope web-siteGyroscope MediumGyroscopeYouTubeGyroscope LinkedInGyroscope X (Twitter)Gyroscope DiscordGyroscope Github

MVP

MVP URL

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