Getting Started
Gyndore 101
The basics of Gyndore in one place: who it is for, what it is, where it lives, why it exists, and where things stand today.
Who
Gyndore is built for three kinds of users. You do not need to use every lane: borrow without trading, earn without borrowing, or provide liquidity without opening a loan.
Borrowers want dollars against cbBTC without selling Bitcoin. Gyndore accepts one collateral only, so there is no cross-asset risk from a shared money market and no conservative parameters set for a basket of other tokens: just cbBTC-backed borrowing at high capital efficiency compared with general money markets that are not focused on a single asset type, on terms that do not swing with unrelated markets. Borrowing covers the flow.
Traders want dedicated Bitcoin markets and concentrated liquidity on Base. Traders get depth on cbBTC pairs instead of thin quotes across generic venues. Liquidity providers keep most of each swap fee and place capital in a price range they choose; the protocol's fixed cut goes to GYND and bGYND stakers rather than an outside operator. Trading and Fees & Revenue spell out the mechanics.
Yield seekers want BTC-native yield without opening a loan. Earning is connected to borrowing: deposit and earn returns paid out of real borrowing demand, with no lock-ups. Separately, staking GYND or bGYND claims a share of DEX fee revenue in USDC.
What
Gyndore is the Bitcoin liquidity hub of Base: one connected ecosystem around cbBTC, Coinbase's token backed 1:1 by Bitcoin, where users can borrow, trade, and earn without stitching those moves together across generic venues. GYND is the fee token; bGYND is its bonded twin. Stake either to earn a share of protocol fees, paid in USDC. Each pillar feeds the others instead of competing with them.
| Piece | Role |
|---|---|
| Borrow | Deposit cbBTC, borrow against it, keep your Bitcoin. |
| Trade | Concentrated-liquidity DEX built around Bitcoin markets on Base. |
| Earn | Yield connected to borrowing, paid by real borrowers. |
Where
Gyndore lives on Base, Coinbase's Ethereum L2, with cbBTC as the core Bitcoin asset. Base has growing cbBTC adoption, and the funnel is wide: Bitcoin liquidity on EVM chains flows down to Base, and Gyndore is built to catch it in one place. The app is the front door for swapping, providing liquidity, borrowing, and staking once each surface is live. Official contract addresses, network, and explorer links are on Contracts. Verify every address there before you approve anything.
Why
Base has growing cbBTC adoption, but no dedicated home for Bitcoin liquidity. There is no CDP-based borrowing product purpose-built for cbBTC. Multi-asset money markets price Bitcoin against every other collateral they list, which means lower LTVs, utilization-driven rate spikes, and a weaker borrowing experience for BTC holders. Trading depth and accessible yield are scattered across generic venues, so fees and liquidity leak out of the ecosystem that needs them.
Custodial BTC lenders cover part of the borrow need, and several large names operate in that category, often under the radar of people who only watch onchain DeFi. They hold the keys and set the terms. Gyndore reaches the same outcome, liquidity without selling, through immutable smart contracts and a stablecoin you mint yourself, then adds trading and earning under the same umbrella. Compared to TradFi alternatives maps the custodial category to the onchain design.
The design choice that makes that credible is narrow focus and fixed rules. One collateral. Bitcoin-first markets. Fee routes that pay stakers. Contracts that are immutable: no admin key, no upgrade path, no discretionary levers that rewrite the deal later.
When
Borrowing, the DEX, and earning are being prepared and audited ahead of launch. Until those addresses appear on Contracts, treat the borrowing, trading, and earning mechanics in these docs as the intended design, not a live mainnet product. When they ship, the app is where you will interact with them. Testnet deployments are available today for people who want to explore early.
Where to go from here
For the fuller story, start with the Introduction. For how the product works in depth, read The Three Pillars and Core Concepts. Token design lives under Tokenomics. Short answers are in the FAQ, and official addresses are on Contracts. When you are ready to try the product, open the app.