Gyroscope is an "all-weather stablecoin" that is backed by a reserve portfolio that tries to diversify across many risk factors. By maintaining a reserve of many decorrelated assets, it makes Gyro Dollars more resilient, similar to how it is hard to move a spinning gyroscope. In a market where there's an explosion of new stablecoins, Gyroscope attempts to find a niche by providing a very stable and resilient option.
We were joined by co-founders Lewis Gudgeon and Ariah Klages-Mundt to chat about how Gyroscope works and their strategy to try to make it a standard throughout DeFi.
Topics covered in this episode:
- Their backgrounds and how they got into crypto
- An overview of the Gyroscope Stablecoin
- The collateral being used
- The mechanism used for stabilizing reserves
- Use cases of the Gyrodollar
- SAMMs and PAMMs
- Leverage loans
- Governance within the protocol
- The goals of the current testnet
- How to get involved
Episode links:
Sponsors:
- Chorus One: Chorus One runs validators on cutting edge Proof of Stake networks such as Cosmos, Solana, Celo, Polkadot and Oasis. - https://epicenter.rocks/chorusone
- ParaSwap: ParaSwap aggregates all major DEXs and makes sure you beat the market price at every single swap and with the lowest slippage - paraswap.io/epicenter
This episode is hosted by Sunny Aggarwal. Show notes and listening options: epicenter.tv/415
