Gyro

1. Summary

Ranks

Liquidity

-

Developer

-

Social

65

Momentum (beta)

0

Stack Rank™

-

Price

$1.08 0.0%

Market Cap

$1.13M (#3446)

Supply

/

Tags

Binance Smart Chain Ecosystem DeFi Rebase Tokens Asset-backed Tokens BNB Chain Ecosystem Ohm Fork

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Price
52W High price	$6.73
52W High date	4th Jul 2022 (2 years ago)
All Time High (ATH) Date	18th Nov 2024 (3 months ago)
All Time Low (ATL) Date	18th Nov 2024 (3 months ago)

Supply & Trading Volume
Trading Volume (24h)	$1,804.00

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Description

Project Overview

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Project Overview

Gyro is a decentralized currency that operates independently of traditional fiat currencies. It employs algorithmic control of market dynamics to maintain a stable value, ensuring users retain the same purchasing power over time.

Key Features

• Treasury-Backed Currency: Gyro is backed by a reserve of assets, which diversify risks beyond price volatility, including censorship, regulatory, counterparty, oracle, and governance risks.
• Stablecoin: Gyro aims for a long-term reserve ratio of 100%, where each unit is backed by at least $1 USD worth of collateral.
• Autonomous Price Management: Prices for minting and redeeming stablecoins are set autonomously to balance maintaining a stable peg with long-term viability during short-term crises.
• Risk Management: The protocol includes mechanisms like dynamic fees, circuit breakers, and asset-backed recapitalization to mitigate risks.
• Decentralized Governance: The Gyro DAO is responsible for deciding which mechanisms to incorporate into the final design.

Mechanisms

• Liquidity Management: Gyro's reserve is actively deployed to backstop liquidity and grow the protocol.
• Concentrated Liquidity Pools: These are live with asset caps.
• Confidence Crisis Prevention: Gyro coordinates user beliefs about the stablecoin's value, preempting crises by ensuring rational users agree on defending the peg.
• Tertiary Lines of Defense: Mechanisms that expand asset-backing or recapitalize the reserve are available.
• Leveraged Loans Mechanism: This works side-by-side with the Gyroscope mechanism to strengthen stability.

Infrastructure

• Highly Liquid DEX: A decentralized exchange arises naturally from the Gyroscope design, allowing efficient routing of trades.
• Redundant Trading Paths: GYD Trading Pools are redundant, highly-liquid paths in and out of the Gyroscope stablecoin.
• Dynamic Stability Mechanism: This is the mint/redeem market, ensuring efficient liquidity management.

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