Security
Risks
Honest documentation includes what can go wrong. Read this page before depositing anything.
Smart contract risk
Gyndore's code will be open source and professionally audited, but no software is risk-free. Immutability cuts both ways: the rules can never drift against you, and equally, a defect could not be patched by an upgrade. That is the deliberate trade Gyndore makes for trust-minimization, and it is why audits and open review matter before launch, not after.
Market risk
Bitcoin is volatile. If your collateral falls far enough, your position can be liquidated. Borrowing near the 90.91% maximum LTV leaves little room for ordinary price swings; the buffer you keep is your primary protection.
Peg risk
gynUSD is a synthetic dollar. Its price can drift from $1 in the short term, and the redemption mechanism is the anchor that pulls it back rather than a guarantee that it never moves. Understand the mechanism before treating gynUSD as equivalent to a bank dollar.