Backing assets are stablecoins deployed in certain strategies such as yield-generating sDAI and USDC in Flux, and also support automated market-making (AMM) strategies like LUSD and crvUSD. As the stablecoin scales, the reserve has been designed to a large variety of strategies and assets, the Gyroscope team explained.

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• Source: https://www.coindesk.com/markets/2023/12/07/galaxy-backed-gyroscopes-all-weather-decentralized-stablecoin-goes-live-on-ethereum-mainnet/?utm_medium=referral&utm_source=rss&utm_campaign=headlines