GYFI/WETH
"Gyroscope is a decentralized protocol which allows the issuance of a fully-backed stablecoin with algorithmic price bounding and all-weather reserves: - A fully backed stablecoin: the Gyroscope stablecoin aims at a long-term reserve ratio of 100%, where every unit of stablecoin is backed by 1 USD worth of collateral. - An all-weather reserve: the reserve is a basket of protocol-controlled assets that jointly collateralize the issued stablecoin. Initially most assets will be other stablecoins. The reserve aims to diversify all risks in DeFi to the greatest extent possible. It considers more than just price risk, but also censorship, regulatory, counterparty, oracle and governance risks. - Algorithmic price bounding: Prices for minting and redeeming stablecoins are set algorithmically to balance the goal of maintaining a tight peg with the goal of long-term viability of the project in the face of short-term crises. "
Score | 26 |
|---|---|
24h Vol | $0 |
Liquidity | $0 |
Holders | 856 |
Audits | |
Age | 5 months |
FDV | $884.5K |
Market Cap | $884.5K |
| Addresses | |
|---|---|
| Pool | |
| GYFI | |
| WETH |  |
GYFI to WETH Converter
Score | 26 |
|---|---|
24h Vol | $0 |
Liquidity | $0 |
Holders | 856 |
Audits | |
Age | 5 months |
FDV | $884.5K |
Market Cap | $884.5K |
About Gyroscope (GYFI)
"Gyroscope is a decentralized protocol which allows the issuance of a fully-backed stablecoin with algorithmic price bounding and all-weather reserves: - A fully backed stablecoin: the Gyroscope stablecoin aims at a long-term reserve ratio of 100%, where every unit of stablecoin is backed by 1 USD worth of collateral. - An all-weather reserve: the reserve is a basket of protocol-controlled assets that jointly collateralize the issued stablecoin. Initially most assets will be other stablecoins. The reserve aims to diversify all risks in DeFi to the greatest extent possible. It considers more than just price risk, but also censorship, regulatory, counterparty, oracle and governance risks. - Algorithmic price bounding: Prices for minting and redeeming stablecoins are set algorithmically to balance the goal of maintaining a tight peg with the goal of long-term viability of the project in the face of short-term crises. "
Update Token InfoGYFI/WETH Price Stats
The current price of GYFI (GYFI/WETH) on Balancer V2 (Base) is $0.4165, the price is up 0% in the last 24 hours. Its 24-hour trading volume is reported to be at $0.00 with a total of 0 transactions. GYFI/WETH contract address is 0x41790f2985dc2e0efb7e4a73dc1c118f5d8ae7a1, with a Fully Diluted Valuation (FDV) of $884.5K and a liquidity pool of $0.00017.
