Gyroscope
@gyroscope
SPIN now enters its final phase. At the latest, SPIN will end when the hard cap of 500m SPIN is met or TVL reaches 100m. The end will align with the governance token distribution. Governance LP vaults now earn new highest SPIN rate, with other changes for sGYD and pools.
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Gyroscope
@gyroscope
Gyroscope grew substantially in Phase 1 - GYD is the most liquid stablecoin for its size, turning entire supply over more than 100x a year - GYD volume now just under 200m USD, E-CLPs reached a volume just under 2b USD - Number of GYD holders grew 9x - Gyroscope TVL reached ATH
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Gyroscope
@gyroscope
Phase 2 includes a focus on governance. You can now stake GYD LP shares in the Gyroscope governance system to both gain governance voting power AND earn SPIN at the highest boosted rate. https://gov.gyro.finance/vaults/
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Gyroscope
@gyroscope
In Phase 2, Gyroscope users can choose among different earning levels for boosted yields: - GYD LPs staked in Gyroscope governance earn 13x boosted SPIN - GYD LPs (not staked in gauges) earn 10x boosted SPIN - GYD LPs who stake in @balancer gauges earn 1x SPIN + gauge yields
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Gyroscope
@gyroscope
For holders of GYD: - Hold unstaked GYD to earn 10x boosted SPIN - Stake GYD to earn sGYD yield from reserve assets + promo rate of 2x SPIN More information on these and other changes at https://gyro.finance/blog/spin-phase-two-enhancing-rewards-and-governance/
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