Gyroscope Rolls Out Yield-Bearing Version of Stablecoin Targeting Over 10% Yield

Gyroscope Rolls Out Yield-Bearing Version of Stablecoin Targeting Over 10% Yield

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Source: Coindesk.com

Decentralized finance (DeFi) protocol Gyroscope said Thursday it roll out a new yield-generating version of its stablecoin.

"Savings GYD," or sGYD, will aim to pay out 12%-15% annualized yield to token holders, variable to market conditions," the team said. "The revenue comes from the tokens backing assets that are placed in segregated vaults across various DeFi investment

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Source: Coindesk.com

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