The current real-time price of GYD is $1. In the past 24 hours, GYD has traded between $0.9972 and $1.001, showing strong market activity. The all-time high of GYD is $1.049, and the all-time low is $0.9115.
From a short-term perspective, the price change of GYD over the past 1 hour is , over the past 24 hours is +0.13%, and over the past 7 days is +0.07%. These figures provide a quick overview of the latest price trends and market dynamics of GYD on LBank.+0.08%
The live price of GYD today is $1, with a current market cap of $24.208M. The 24-hour trading volume is 6K. The price of GYD to USD is updated in real time.
Before deciding whether to buy or sell GYD, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s GYD technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for GYD.
How much will GYD be worth tomorrow, next week, or next month in ? What about your GYD assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! GYD Price Prediction
To learn more about GYD, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
arbitrum-one | 0xba12...6bf2c8  | 2.841M | 90.48% |
polygon-pos | 0xba12...6bf2c8 | 1.002M | 31.92% |
base | 0xba12...6bf2c8 | 175.160K | 5.58% |
arbitrum-one | 0xea50...f37816 | 61,661 | 1.96% |
base | 0xa01b...0ceea4 | 32,199.99 | 1.03% |
Other | -972,517 | -30.96% |
GYD (Gyro Dollar) is a decentralized, fully-backed stablecoin engineered to maintain a $1 peg. It leverages an innovative "all-weather" reserve and automated risk-management tools. This design ensures stability and resilience, protecting the peg even if individual collateral assets within its diversified reserve experience failures, making it a robust option for stable value in Web3.
No, GYD is not an algorithmic stablecoin. This is a crucial distinction. Unlike algorithmic designs, GYD is fully reserve-backed, meaning every single GYD token is supported by at least $1 worth of diversified collateral assets. It represents a "third path" in stablecoin design, distinct from purely centralized options like USDC and purely algorithmic models, emphasizing verifiable backing and decentralized resilience.
The "All-Weather" Reserve is Gyroscope's core mechanism for handling market volatility and potential asset failures. It comprises a diversified basket of various assets, including other stablecoins and yield-bearing assets. This diversification spans multiple risk categories like regulatory, censorship, and smart contract risks. Crucially, the protocol is engineered to isolate damage if any single asset within the basket experiences a failure, preventing a cascading effect across the entire reserve.
The Dynamic Stability Mechanism (DSM) acts as Gyroscope's central price-control engine. Its primary role is to manage the minting and redemption processes for GYD. A key feature is its ability to adapt if the reserve backing falls below 100%. In such scenarios, the DSM intelligently adjusts redemption prices. This mechanism is crucial for preventing potential "bank runs" and safeguarding the protocol's long-term health and stability, ensuring sustainable operation.
Users can earn yield with GYD primarily through two main methods: staking GYD (often referred to as sGYD) or providing liquidity. By providing liquidity to GYD pools, typically on decentralized exchanges that partner with the protocol, users can earn a combination of trading fees from transactions within the pool and additional governance incentives. The protocol aims to offer attractive yield opportunities, rewarding participation in the ecosystem's liquidity and stability.
Yes, the security of the Gyroscope protocol is a paramount concern, and it has undergone rigorous audits. The project has been thoroughly reviewed by several highly reputable and independent blockchain security firms. These include prominent names such as Trail of Bits, Nethermind, and Runtime Verification. These comprehensive audits are essential for verifying the smart contracts' integrity and the overall robustness of the protocol's design, instilling confidence in its users.
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