Trading

The market

The DEX completes the ecosystem: it gives gynUSD its deepest trading venue and gives cbBTC holders a native place to trade without leaving the ecosystem. Deep, dedicated gynUSD and cbBTC pairs mean the liquidity both assets need to scale lives in one place, not scattered across generic venues.

Like the stablecoin protocol, the DEX is immutable: no governance can alter its core trading logic.

Fees

Trading fees are the protocol's second fee engine, alongside borrower interest. Fees route back to GYND holders, so activity anywhere in the system accrues value to the token.

For traders and LPs

Swap and provide liquidity across dedicated gynUSD / cbBTC markets on a Bitcoin-centric DEX. Concentrated liquidity lets LPs put capital exactly where it trades.