Gyroscope DeFi protocol that offers a diversified, asset-backed stablecoin called GY (Gyro Dollar) on Ethereum, built on resilient infrastructure with autonomous monetary policy and innovative AMMs Gyroscope has officially launched its governance token, $GYFI, on the Base network, and the airdrop is now live. Eligible community members can claim their share of up to 15% of the total GYFI supply, depending on the chosen claim method. This marks a major milestone for Gyroscope as it brings decentralized governance online and builds on strong fundamentals—550% quarterly swap fee growth, 145,000 monthly active users, $61 million in TVL, and $2 million in annualized revenue. Trusted by projects like Balancer and Aave, Gyroscope runs on advanced modular architecture, has passed top-tier audits, and has been live at scale for nearly two years. GYFI’s launch on Base reflects the protocol’s most profitable operations and a commitment to fair token distribution with minimal VC holdings. SPIN points will continue to accrue and can be converted to GYFI at a 1:1 rate in a future distribution, while direct GYFI incentives will also be introduced.

Network

Ethereum