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Core Concepts

The map of Gyndore: one Bitcoin-first system on Base, three moves that work alone or together, and rules that do not change after launch.

Core Concepts: the Gyndore logo and title beside a large orange Bitcoin coin on beige and charcoal panels

What Gyndore is

Gyndore is the Bitcoin liquidity hub of Base. It is built around cbBTC, Coinbase's token backed 1:1 by Bitcoin, so holders can borrow, trade, and earn without stitching those moves together across generic venues. Base has growing cbBTC adoption, but no dedicated home for Bitcoin liquidity: multi-asset money markets price Bitcoin against every other collateral they list, and trading depth is scattered. Gyndore fills that gap with one collateral and one venue. Under the surface that is several protocols deployed as one: a CDP that lets you mint gynUSD against cbBTC, a concentrated-liquidity DEX, and an earning surface paid by real borrowers. From the outside there are only three moves to make, and all three sit on the same asset.

Three moves

You do not need every lane. Borrow without trading, earn without borrowing, or provide liquidity without opening a loan. Borrow means depositing cbBTC, minting dollars against it, and keeping your Bitcoin. It is a CDP: no lender, no credit check, high capital efficiency, and collateral that is never rehypothecated. Trade is dedicated Bitcoin markets on Base, with concentrated liquidity. Liquidity providers keep 80% of every swap fee; the protocol's fixed 20% is paid to GYND and bGYND stakers in USDC. Earn is depositing and getting paid from real borrowing demand, with no lock-ups and nothing printed to fund the yield. The Three Pillars walks through each move in depth.

Fixed by design

The product stays narrow on purpose. One collateral: cbBTC. Markets built around Bitcoin rather than a shared multi-asset basket. Fee routes that pay protocol stakers rather than an outside operator. Borrower interest is shared between earning and GYND and bGYND stakers; the DEX fee cut also funds GYND and bGYND stakers. Neither route can be redirected later. The stablecoin protocol and the DEX are immutable: no admin key, no upgrade path, no discretionary levers that rewrite the deal. The terms you open on are the terms you close on. What you read here is what the contracts do.

Where to go next

For how each surface works, including LTV, fees, and how yield is paid, read The Three Pillars. For how the three moves feed each other and where value accrues, read The Big Picture. Token design, the bonded model, and fee routes live under Tokenomics. Short answers are in the FAQ; official addresses are on Contracts.