Gyroscope Price Today

Price GYFI to USD now is $-1. Trading volume by 24-hours $0. Gyroscope, which_ranked #10000 price is down 0% in the past 24-hours. Gyroscope has circulating supply of $0 and have $0 capitalization.

Highest price for Gyroscope

The all-time high price of GYFI is $0, the record was set on the 0.

Lowest price for Gyroscope

GYFI all-time low price is $0, the record was set on 0.

How much has the price of Gyroscope changed lately?

7 days ago the price was $-1 , this changed the GYFI price by 0%

14 days ago the price was $-1 , this changed the GYFI price by 0%

30 days ago the price was $-1 , this changed the GYFI price by 0%

60 days ago the price was $-1 , this changed the GYFI price by 0%

1 days ago the price was $-1 , this changed the GYFI price by 0%

What is Gyroscope

"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. "