Gyroscope is not active.
Cryptocurrency List
Gyroscope
GYFICurrent trading data unavailable
≈ $ 5.7 mln.
Issued supply: 13 700 000 tokens.
Saved supply is used; its verification date is unknown.
Calculated using the last available price; quote freshness is unconfirmed.
Price: low and high
How the range is calculated
24h uses saved quotes from the last 24 hours. The 30-day and one-year views use daily lows and highs for UTC calendar days, including today. Gaps are not filled; prices may have differed between samples. The dot marks the current price, not a buy signal.
All time uses CoinGecko’s USD ATL and ATH. Other currencies use the current exchange rate; these are not historical records in the selected currency.
Exchanges where GYFI is traded
No dataCalculator GYFI
1 GYFI = 0.413 USD
What is Gyroscope?
"Gyroscope is a decentralized protocol which allows the issuance of a fully-backed stablecoin with algorithmic price bounding and all-weather reserves:
- 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.
- Algorithmic price bounding: Prices for minting and redeeming stablecoins are set algorithmically 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.
"
Official websites and links for Gyroscope
There are currently about 4 official links to Gyroscope websites and social media:
- Website - gyro.finance
- Twitter - twitter.com/GyroStable
- Facebook - facebook.com
- GitHub - github.com/gyrostable