Gyrosoft All-Weather Simulator: First Level out now!
Level 1 of the Gyrosoft All-Weather Simulator is out today, 5th April!
The idea of level 1 is to get everything set up and running — the “plane” fueled ready for the rest of the game. It’s the best way to get familiar with our futuristic UI.
How to play Level 1
For a full beginner tutorial (what is Metamask?), first check out our walk-through here to set up Metamask and then come back here to continue with the game.
Step 1: How to get Kovan ETH
The Kovan faucets crashed on launch day, so we deployed an emergency faucet. To get Kovan ETH, tweet like this, inserting your own ETH address:
Step 2: How to get test-tokens
Go to our Gyroscope App. Use the “cheat code” to mint all the test tokens you’ll need in a single click.
Step 3: Minting Gyro Dollars in the P-AMM
Now onto the real part. In the Gyroscope App, mint Gyro Dollars by depositing some of your test tokens into the Gyroscope reserve. This is how the Primary-market Automated Market Maker works (P-AMM). It provides mint and redeem quotes that bound the market price of Gyro Dollars.
Step 4: Providing liquidity in the S-AMM
Finally, put your Gyro Dollars into action! Go to the Secondary-market AMM (S-AMM) here and add liquidity as you would to a Balancer pool.
This S-AMM is not our full S-AMM implementation (that’s under development in the Gyro basement), but it’s got everything you need for the game.
The future S-AMM is designed to supercharge Gyro liquidity by concentrating secondary markets between the P-AMM pricing bounds.
That’s it!
View your progress in the Gyroscope App.
Level 1 lays the groundwork for the later levels, which will be more involved. Buckle up and prepare for take-off!
About Gyroscope
Gyroscope is an all-weather stablecoin for the DeFi of tomorrow. It’s built for power users who want the best decentralized stability. Gyroscope stabilises by having a reserve of other assets, with their own risks, and applying it to balance the market for Gyro Dollars. Gyroscope combines three primary innovations to make this feasible in DeFi: a risk-stratified reserve, new AMM designs for liquidity boosting and resilience, and safe governance with Conditional Cash-flows and Optimistic Approvals.
How to become a Gyronaut
- Follow us on Twitter @GyroStable and retweet for extra credit
- Join our Discord!
- Read about how Gyroscope is different than other algorithmic designs
- Read more about the P-AMM and S-AMM designs
- Follow the story to continue the game
