Searching for Alpha: Gyroscope

Gyroscope is a protocol that aims to create Gyro Dollars, or GYD, a fully collateralized stablecoin pegged to $1, in which risks towards its reserves are segregated from one another using isolated vaults.

Vaults are composed of different assets deployed across various DeFi protocols. For example, vault A may contain USDC and DAI that are used to provide liquidity on Balancer, while vault B may contain USDT and ETH deployed on Curve.

Gyroscope intends to mitigate possible single-vault overexposure in its reserves by implementing predetermined conditions and caps for each vault, thereby ensuring a more balanced distribution.