Gyroscope GYD Price
GYD
How Much is 1 Gyroscope GYD (GYD)
Convert GYD to your currency
Last Updated on Dec 20, 2025 09:43 AM
What is Gyroscope GYD?
About the coin
GYD is a stablecoin designed to maintain its value through a set of innovative risk control mechanisms. It is fully backed by a diverse set of assets, ensuring its stability and resilience in the volatile cryptocurrency market. The coin is part of the Gyroscope protocol, which aims to provide a stable and reliable digital currency.
Main features
The main features of GYD include automated risk diversification rules and an optimized minting and redemption design. These features guide the protocol on how to effectively use reserve assets to maintain the coin's stability. Additionally, GYD incorporates multiple layers of redundancy in its price feeds and circuit breakers, further enhancing its reliability.
How it works
GYD operates on the Ethereum network and utilizes a protocol-level approach to automate diversification and redundancy. The automated risk diversification rules ensure that the coin remains stable by adjusting the reserve assets as needed. The optimized minting and redemption design allows for efficient management of the coin's supply, helping to maintain its value. The multiple layers of redundancy in price feeds and circuit breakers provide additional security and stability, making GYD a robust stablecoin option.
Wallet for Gyroscope GYD
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Tangem supports networks for Gyroscope GYD
- Avalanche
- Polygon Pos
- Arbitrum One
- Base
- Optimism
- Gnosis Chain
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Gyroscope GYD FAQ
- Gyroscope GYD is a blockchain-based digital asset used for transferring value and interacting with decentralized applications. It operates without central control, relying on distributed network technology.
- Its main advantages include speed, accessibility, and compatibility with decentralized tools. The network is optimized to handle different types of operations.
- Yes, both names point to the same token. GYD is just the shorthand symbol used for market and wallet displays.
- You can buy Gyroscope GYD using on-ramp services available in Tangem Wallet or exchanges. After purchasing on an exchange, you can transfer it to your Tangem Wallet.
- The safest option is to use a hardware wallet that keeps your private keys offline. Tangem provides secure cold storage protection.
How to secure Gyroscope GYD with Tangem Wallet?
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Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
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Why choose Gyroscope GYD wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
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Other crypto assets supported in Tangem Wallet.
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