Gyroscope is a stablecoin that is designed to remain stable as the surrounding environment changes. The stablecoin is fully backed by a stratified reserve that diversifies more than price risk. The reserve is intended to be actively deployed to backstop liquidity and grow the protocol in principled ways. The Gyroscope protocol has introduced the first major part of concentrated liquidity pools (CLPs), which are a class of automated market makers (AMMs) that price the exchange of assets within a defined range. Gyroscope uses two different automated market types: a Dynamic Stability Mechanism (DSM) and GYD Trading Pools. The DSM is the mint/redeem market, while GYD Trading Pools concentrate liquidity at ranges provided by the DSM for reserve asset-Gyroscope stablecoin pairs.

• Gyroscope has raised 4.5 million USD in seed funding led by Placeholder and Galaxy.

• The rollout of Gyroscope’s stablecoin is expected to take place in Q4 2023.

• Gyroscope has introduced the first major part of its protocol, Concentrated Liquidity Pools (CLPs), which are designed to provide liquidity to the Gyroscope ecosystem. CLPs are a new type of automated market maker (AMM) that allows users to trade assets with low slippage and high capital efficiency.

• The Gyro Proto is a capped version of the Gyroscope stablecoin that is currently deployed on the Polygon network. It is intended to be used as a testbed for the Gyroscope protocol.

• Concentrated Liquidity Pools (CLPs) are a new type of automated market maker (AMM) that allows users to trade assets with low slippage and high capital efficiency. They are designed to provide liquidity to the Gyroscope ecosystem.

• E-CLPs are a type of Concentrated Liquidity Pool that are designed to provide liquidity to the Gyroscope ecosystem. They are optimized for trading pairs with low volatility.

• 3-CLPs are a type of Concentrated Liquidity Pool that are designed to provide liquidity to the Gyroscope ecosystem. They are optimized for trading pairs with high volatility.

• 2-CLPs are a type of Concentrated Liquidity Pool that are designed to provide liquidity to the Gyroscope ecosystem. They are optimized for trading pairs with moderate volatility.

Gyroscope aims to remain stable as the surrounding environment changes

***What does this mean?***This means that it is less susceptible to fluctuations in the market and can provide a more reliable store of value. Gyroscope’s stability is achieved through a combination of a fully backed reserve, autonomous monetary policy, and innovative automated market makers (AMMs) called Concentrated Liquidity Pools (CLPs).

CLPs are designed to provide liquidity to the Gyroscope ecosystem and allow users to trade assets with low slippage and high capital efficiency. Concentrated Liquidity Pools (CLPs) are a new type of automated market maker (AMM) that allows users to trade assets with low slippage and high capital efficiency 1. They are designed to provide liquidity to the Gyroscope ecosystem and are a key component of the Gyroscope protocol. CLPs are a new type of AMM that are optimized for trading pairs with low volatility, high volatility, and moderate volatility.

Concentrated Liquidity Pools (CLPs) are useful because they provide liquidity to the Gyroscope ecosystem and allow users to trade assets with low slippage and high capital efficiency 1. CLPs are a new type of automated market maker (AMM) that are optimized for trading pairs with low volatility, high volatility, and moderate volatility. They are a key component of the Gyroscope protocol and are designed to provide a more reliable store of value by reducing the impact of market fluctuations.

The DSM is a mechanism that allows users to mint or redeem Gyroscope stablecoins at a price that is determined by the reserve’s current state. The DSM is designed to maintain the peg of the stablecoin to the reserve asset. The GYD Trading Pools, on the other hand, are used to concentrate liquidity at ranges provided by the DSM for reserve asset-Gyroscope stablecoin pairs. The GYD Trading Pools are used to price the exchange of assets within a defined range. The Gyroscope protocol also incorporates several complementary stability mechanisms, which work together with the core Gyroscope mechanisms to strengthen stability.

What is ELI5?ELI5 is short for “Explain Like I'm 5,” a request for a simple explanation to a complicated question.

In simpler terms, Gyroscope is a digital currency that is designed to be stable and reliable. It uses a combination of different techniques to achieve this stability, including a reserve of assets that back the currency, an autonomous monetary policy, and a new type of trading system called Concentrated Liquidity Pools (CLPs). CLPs help to make sure that there is always enough money available to buy and sell Gyroscope, and that the price of Gyroscope stays stable even when the market is volatile.

**What about CLPs? ELI5 Please :)**In simple words, The Gyroscope Community Liquidity Providers (CLPs) are a group of users who provide liquidity to the Gyroscope protocol in exchange for rewards. In simple terms, CLPs are users who deposit their tokens into the Gyroscope protocol’s liquidity pool. This pool is used to facilitate trades between different cryptocurrencies and to maintain the stability of the Gyroscope stablecoin. In return for providing liquidity, CLPs receive a portion of the transaction fees generated by the protocol.

The amount of rewards that CLPs receive is proportional to the amount of liquidity they provide to the protocol. This means that users who deposit more tokens into the liquidity pool will receive a larger share of the rewards.

In summary, Gyroscope is a stablecoin that is designed to remain stable as the surrounding environment changes. It is fully backed by a stratified reserve that diversifies more than price risk. The reserve is intended to be actively deployed to backstop liquidity and grow the protocol in principled ways. The Gyroscope protocol has introduced the first major part of concentrated liquidity pools (CLPs), which are a class of automated market makers (AMMs) that price the exchange of assets within a defined range. Gyroscope uses two different automated market types: a Dynamic Stability Mechanism (DSM) and GYD Trading Pools. The DSM is the mint/redeem market, while GYD Trading Pools concentrate liquidity at ranges provided by the DSM for reserve asset-Gyroscope stablecoin pairs. The Gyroscope protocol also incorporates several complementary stability mechanisms, which work together with the core Gyroscope mechanisms to strengthen stability.