Gyroscope's yield-bearing stablecoin sGYD goes live
Gyroscope's yield-bearing stablecoin sGYD goes live
🌀 Stablecoin spins up yield
Gyroscope has launched sGYD, a yield-bearing version of its GYD stablecoin. This follows the December 2023 release of the original GYD token. Users can now mint sGYD and provide liquidity through the Gyroscope app. The platform offers an easy liquidity route from sDAI to GYD via Balancer and 1inch swaps.
Key points:
- sGYD is a yield-generating variant of GYD
- Minting and LP options available in Gyroscope app
- Simplified access through sDAI->GYD liquidity path
This launch expands Gyroscope's stablecoin ecosystem, potentially offering users new yield opportunities in the DeFi space.
Gyroscope Co-founder Discusses Stablecoin Risks and Solutions
Gyroscope co-founder @aklamun appeared on the WuBlockchain podcast to discuss evolving stablecoin risks and solutions. The episode highlights Gyroscope's GYD and sGYD stablecoins, which feature a risk auto-pilot to enhance user safety. Key points: - Gyroscope addresses current stablecoin risks - GYD and sGYD offer automated risk management - Podcast provides insights into Gyroscope's future plans This follows the recent launch of sGYD, Gyroscope's yield-bearing stablecoin, announced on August 8, 2024. For more information and to watch the full interview, visit: youtu.be/fZ0wpRrqW-0
sGYD Offers 12.28% Yield with ARB Rewards
Gyroscope Finance announces an attractive opportunity for DeFi users: - sGYD now offers a 12.28% yield rate - Additional ARB rewards available - Easy acquisition process: 1. Get GYD on Arbitrum via USDC/USDT routing on Odos or Paraswap 2. Deposit in sGYD at app.gyro.finance/sgyd/arbitrum/ 3. Stake sGYD for ARB rewards This follows the recent launch of ARB incentives on GYD/USDC and GYD/USDT Rehype pools. Users can earn multiple yields while holding a stablecoin protected against various risks. Explore more at app.gyro.finance/pools/arbitrum/
Gyroscope Grows 400x in 2023
In 2023, Gyroscope experienced a significant growth, increasing its Total Value Locked (TVL) from 100k to 40m. It also achieved various milestones such as shipping Proto GYD, E-CLPs on multiple platforms, GYD on Ethereum, and implementing a governance system. Exciting developments are expected for Gyroscope in 2024.
GYD launched with 6% of all BAL emissions on GYD pools
The Gyroscope stablecoin GYD is now live. Users can swap any token for GYD on 1inch and add liquidity to GYD/{sDAI, USDC, USDT} pools to stake in the Balancer gauge and receive BAL emissions.