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Gyroscope
@gyroscope
Gyroscope is now deployed on @base Starting with the flagship pool for sDAI on L2s launched with @sparkdotfi. Holders of USDC or sDAI on Base can now Triple Dip on Rehype E-CLP yield: - BAL incentives live - Swap yield from concentrated liquidity - Yield from Aave and sDAI
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Gyroscope
@gyroscope
The first @base E-CLP is a collaboration with @sparkdotfi. The sDAI/Aave USDC Rehype pool will form the main market for the expansion of sDAI to Base, and soon also @optimism. The pool launches with the additional support of @karpatkey, @balancer, and @aurafinance.
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Gyroscope
@gyroscope
Gyroscope's Rehype pools provide the most capital efficient way to bootstrap liquidity. They combine the E-CLP's efficiency from asymmetric concentrated liquidity (>75% more efficient than StableSwap) with rehypothecation of pool assets to earn Aave yield. https://x.com/i/status/1795466864065224760
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Gyroscope
@gyroscope
Rehype pools introduce no new smart contract complexity compared to standard E-CLPs. They thus inherit the strong security record of E-CLPs with only direct Aave risks added on top. https://warpcast.com/gyroscope/0x7b4d7a4d
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Gyroscope
@gyroscope
To LP in the pool, bridge sDAI from Ethereum via https://superbridge.app/base And deposit sDAI and USDC at https://app.gyro.finance/pools/base/e-clp/0x821afe819450a359e29a5209c48f2fa3321c8ad2/
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