Gyroscope develops a novel all-weather stablecoin design called Gyro Dollar (GYD) and has deployed a live beta of the mechanism (Gyro Proto) on Polygon mainnet for public testing. The company describes itself as a decentralized stablecoin project focused on resilient stablecoin design. Gyroscope was founded by FTL Labs, whose team includes PhD candidates Ariah Klages-Mundt, Lewis Gudgeon and Daniel Perez, authors of papers on stablecoin design and DeFi risk. The startup intends to use newly raised funds to accelerate growth, expand operations and broaden its business reach. Its current publicly disclosed financing status is a $4.5M seed round completed in 2023. The project is headquartered in George Town, Cayman Islands.

Total raised

$5M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2023