# Gyroscope Public Beta is Live

By [vdobatovkin](https://paragraph.com/@vdobatovkin) · 2023-03-10

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[Gyroscope](https://gyro.finance) 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

How to use Gyroscope Protocol?
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Navigate to the [app.gyro.finance](https://app.gyro.finance) and switch your network to Polygon.

![After that it will bring you to the main page where you can see p-GYD mint page, Pools and social links like(Discord, Twitter, Docs and Forum).](https://storage.googleapis.com/papyrus_images/98ff0f8dbfb1406313a7f7f8698eb185269cbfbe9941fea000a111f6202708b3.png)

After that it will bring you to the main page where you can see p-GYD mint page, Pools and social links like(Discord, Twitter, Docs and Forum).

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
    

![](https://storage.googleapis.com/papyrus_images/6d1807db244cee4d23d11a96454e9df1d46d46dba3119f1a86433f02a8073a5e.png)

Once you selected the pool you will see _Pool Assets_, _Pool Balance_, _Pool Properties_, _Pool Composition_ and _Action Buttons_.

![](https://storage.googleapis.com/papyrus_images/6e02c2f12557bdf208bf13d70d54cadf6dca78bc26d527cd937b2a9e4205e74f.png)

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

![Only proportional joins allowed at the moment](https://storage.googleapis.com/papyrus_images/b0680b5707b261aed1544136223cffaadd79319d4c81b65d9d454e2d990eb35f.png)

Only proportional joins allowed at the moment

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

![The amounts are calculated proportionally as well](https://storage.googleapis.com/papyrus_images/8726fb1d499e17fdce4f5f44b8b1820f3d0de95c7f086b27b3a0cfb283092918.png)

The amounts are calculated proportionally as well

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

![](https://storage.googleapis.com/papyrus_images/6f3f555dd17435750437b99ff3f71b300a972faa4940abeee260c1399132e56a.png)

Select the _Mint Asset(s)_ and put the _Amount_ and click _Mint p-GYD_.

![The current mint allowance is limited to 9.99 p-GYD. ](https://storage.googleapis.com/papyrus_images/c429126299b56ec755508495b06cf301086a2714c829399035b172f1179384fe.png)

The current mint allowance is limited to 9.99 p-GYD.

To redeem back to the pool navigate to _Redeem_, set the _Amount_ and pools to redeem back to.

![You can redeem to multiple pools.](https://storage.googleapis.com/papyrus_images/a14091c87df2987d9ab8add66520fd1423f7647f59acb3edb73b6ff93358db6d.png)

You can redeem to multiple pools.

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.

![](https://storage.googleapis.com/papyrus_images/6ac0a6a2432c67b3681645c1b526069e4cb39d9241f6e811e06a801f4fbb5a15.png)

Useful links:

*   [Gyroscope App](https://app.gyro.finance/)
    
*   [Gyroscope Discord](https://discord.gg/QfHPjWqU)
    
*   [Twitter](https://twitter.com/gyrostable/)
    
*   [Docs](https://docs.gyro.finance/gyroscope-protocol/overview)
    
*   [Github](https://github.com/gyrostable)
    
*   [Forum](https://gov.gyro.finance/login)
    

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*Originally published on [vdobatovkin](https://paragraph.com/@vdobatovkin/gyroscope-public-beta-is-live)*