Gyroscope Protocol

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

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 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.

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.

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.

Gyroscope Protocol has launched its first E-CLP on the Arbitrum network. The initial E-CLP is for the USDC/USDT pair and closely follows historical trading patterns. More E-CLPs, including LST and GYD, will be available on Arbitrum soon.

Gyroscope Protocol has launched its E-CLPs (Externally-Connected Liquidity Providers) on the Arbitrum network. The first E-CLP available is for the USDC/USDT trading pair, designed to closely mimic historical trading patterns. More E-CLPs will be introduced soon, including LST and GYD pairs.

The full protocol launch of Gyroscope is scheduled for October. Deployment is already underway and will conclude over the next few weeks. Another Discord AMA will be held to provide more information, with the exact date to be communicated shortly.

The custom invite link `discord.gg/gyroscope` for the Gyroscope Discord has been stolen and is currently leading to a scam server. Users are advised not to use or share this custom invite link. The issue has been reported to Discord.