Gyroscope
@gyroscope
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.
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Gyroscope
@gyroscope
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/
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Gyroscope
@gyroscope
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.
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Gyroscope
@gyroscope
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.
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Gyroscope
@gyroscope
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
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