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

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