We’ve released Level 2 of the Gyrosoft All-Weather Simulator, April 30.

In Level 2, Gyro users will perform arbitrage trades with the goal to make enough Gyro Dollars to buy their Gyronaut Corps membership NFT. To do this, Gyro users will navigate the arbitrage markets that maintain the secondary market…

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.

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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

Sustainable farming?

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%…

Ariah Klages-Mundt

PhD student @ Cornell University, Twitter: @aklamun

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