Gyroscope is a new stablecoin design that, like a physical gyroscope, remains stable as the surrounding environment changes. Its reserve of capital acts like a spinning disk, maintaining its peg target.

Gyroscope, a crypto startup that claims to be building a unique stablecoin, announced it has raised $4.5 million in a seed funding round. The round was closed in January 2022, but Gyroscope is making it public now because the protocol's codebase is substantially completed and it's gearing up for a full launch

Navigate to the app.gyro.finance and switch your network to Polygon.

Let’s jump into the Pools Tab and see which pools are available there. Current pools are:

• USDC-BUSD-USDT

• USDC-TUSD

• USDC-DAI

• WBTC-WETH

Once you selected the pool you will see Pool Assets, Pool Balance, Pool Properties, Pool Composition and Action Buttons.

If you click the Join button you will see the form where you can set the amount and join the Pool.

If you click the Exit button you will see the form where you can set the amount and exit the Pool.

Once you deposited to the pool you will be able to mint the p-GYD at the p-GYD tab.

Select the Mint Asset(s) and put the Amount and click Mint p-GYD.

To redeem back to the pool navigate to Redeem, set the Amount and pools to redeem back to.

Recently, the Gyroscope team passed community stress testing. One more is test coming soon. You can you the instruction above to the upcoming stress testing.

So, now you know how to use the Gyroscope Protocol and you can try yourself this amazing experience. It is still in Beta, so if you find some bugs you can share it with the Gyroscope team.

Useful links:

• Gyroscope App

• Gyroscope Discord

• Twitter

• Docs

• Github

• Forum

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