Tokenomics

gynUSD

gynUSD is the dollar you mint against your Bitcoin: the liquidity you spend, trade, or earn on.

Overview

gynUSD is a synthetic stablecoin pegged to the US dollar. It only enters circulation one way: minted against cbBTC collateral through the borrowing protocol.

How the peg holds

If gynUSD trades below $1, redemptions let anyone swap it for $1 of BTC value onchain, pushing the price back toward the peg. The Stability Pool reinforces this by pulling gynUSD off the open market, tightening supply.

Backing

gynUSD stays fully backed by cbBTC at all times, and collateral is never rehypothecated. The redemption mechanism is part of the protocol's immutable core: no governance action can suspend it.

gynUSD at a glance: decentralized, algorithmically governed, immutable, audited, open sourced, only cbBTC backed, on Base

What you can do with it

Spend it — liquidity without selling your Bitcoin.
Trade it — deep gynUSD / cbBTC pairs on the DEX.
Stake it — deposit into the Stability Pool and earn BTC-backed yield.

Yield on gynUSD is paid out of real borrower interest, not token emissions.