Level 1 of the Gyrosoft All-Weather Simulator is out today, 5th April! The idea of level 1 is to get everything set up and running — the “plane” fueled ready for the rest of the game. It’s the best way to get familiar with our futuristic UI. How to play Level 1 For a full…

Welcome to the gamified Gyroscope alpha testnet! Play the game to stress test the Gyroscope stablecoin and win virtual points as a first adopter. What is Gyroscope Protocol? In case you’ve been too busy with your lockdown project and missed it, Gyroscope Protocol is an all-weather stablecoin built for DeFi power users who want…

Gyroscope has the best design and technology today for decentralized stability. Here’s how we reinvent the stablecoin. — At Gyroscope, we have a unique background on DeFi, having ourselves done the cutting edge research on every approach. We have designed Gyroscope for DeFi power users who want the best decentralized stability. …

Gyroscope has the best design and technology today for decentralized stability. Here’s how we reinvent the stablecoin. — At Gyroscope, we have a unique background on DeFi, having ourselves done the cutting edge research on every approach, which puts us in an ideal position to build a decentralized stablecoin. We have designed Gyroscope for DeFi power users who want the best decentralized stability. …

From TradFi currency pegs to non-custodial stablecoins — Following our work on modeling stablecoins here and here, we recently proposed ways to make more robust non-custodial stablecoins in our Gyroscope paper. This blog post is an intro to those ideas. The design insights are relatively simple, though their optimization is not. …

Incentive security and economic stability in DeFi: stablecoins, governance (e.g., COMP), DEXs, cross-chain assets, and more; a “manual” for open DeFi problems and models — Ariah Klages-Mundt, Dominik Harz, Lewis Gudgeon, Jun-You Liu, Andreea Minca TL;DR The new focus on DeFi governance yield farming and recent memory of Black Thursday amplifies concerns about the poorly understood structure of risks in DeFi. We provide a new foundation for characterizing and modeling these risks; this is developed…

Deleveraging Risks, Integration with Custodial Assets, and an Alternative Non-Custodial Liquidity Mechanism for Crises — TL;DR A seeming contradiction arises in decentralized stablecoins: while the goal is to make non-custodial assets, these can only be fully stabilized by adding uncorrelated assets, which are currently centralized/custodial (e.g., Maker’s recent inclusion of USDC collateral). In fact, this issue applies more broadly to synthetic and cross-chain assets. We…

The case for intervening early — A lot of great visuals have been created to communicate the idea of “flattening the curve” so that the healthcare system doesn’t get overwhelmed from Coronavirus COVID-19 cases. I haven’t seen much to help visualize the importance of intervening early with precautionary measures in an epidemic. …

The security of the Maker stablecoin Dai relies on trusted oracles to provide pricing information. These are chosen through on-chain governance. Consequently, the oracle feed is manipulable by MKR token holders. In this article, I discuss attacks on Maker similar in style to 51% attacks, though not necessarily requiring 51%…