Gyroscope's yield-bearing stablecoin - sGYD - is live.

sGYD adds native yield to the decentralized all-weather stablecoin GYD.

12-15% APR expected at launch. With mitigated risks thanks to GYD's risk control innovations.

sGYD also ushers in the final phase of SPIN points.

sGYD aims to provide tokenized access to the highest risk-adjusted yield in DeFi.

This yield comes from competitive APRs generated by assets in the GYD reserve with risk mitigations from GYD's uniquely resilient risk control and diversification system.

Stablecoin superliquidity: all-weather GYD, yield-bearing sGYD, highly efficient liquidity pools (E-CLPs)

gyro.finance | linktr.ee/GyroStable

sGYD yields are expected to amplify the underlying reserve yield since not all GYD will be locked as sGYD, but the whole GYD reserve generates yield.

The variable yield on reserve assets can be expected to reach 8-9% APRs, with sGYD yields expected to launch with 12-15% APRs due to the amplification.

sGYD can be minted via a frontend in permitted jurisdictions and directly through the smart contracts.

sGYD builds on GYD's track record, with 1.5 years active in prod and 7 months with millions of TVL.

During which, GYD has remained smooth and stable within a few bps of peg while reaching a velocity like USDT.

sGYD is a variant of the battle-tested ERC4626 token standard atop GYD.

sGYD launches simultaneously on Ethereum and Arbitrum.

Integrations are already in the works for sGYD in:
- Silo Finance: unlocking leverage on sGYD yield and GYD SPIN exposure
- and more soon

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.

SPIN points also enters its final phase, focused on amplifying Gyro’s yields.

At token distribution, FTL Labs plans to recommend that SPIN points convert to Gyroscope’s GYFI governance tokens with up to 10% of supply depending on SPIN and usage metrics.

SPIN points also enters its final phase, focused on amplifying Gyro’s yields.

At token distribution, FTL Labs plans to recommend that SPIN points convert to Gyroscope’s GYFI governance tokens with up to 10% of supply depending on SPIN and usage metrics.

https://warpcast.com/gyroscope/0xa089008e

Official links:

sGYD (Ethereum and Arbitrum): https://app.gyro.finance/sgyd/
SPIN: https://spin.gyro.finance
Docs: https://docs.gyro.finance

*SPIN and sGYD are not available in the US, UK, and selected jurisdictions

sGYD aims to provide tokenized access to the highest risk-adjusted yield in DeFi.

This yield comes from competitive APRs generated by assets in the GYD reserve with risk mitigations from GYD's uniquely resilient risk control and diversification system.

https://www.coindesk.com/business/2024/08/08/gyroscope-rolls-out-yield-bearing-version-of-its-stablecoin-targeting-over-10-yield/