Resources
FAQ
Short answers to the most common questions.
What is Gyndore?
Gyndore is a Bitcoin liquidity hub on Base, Coinbase's Ethereum L2. It is built exclusively around cbBTC, Coinbase's token backed 1:1 by Bitcoin and the only collateral it accepts. One place to borrow against your Bitcoin, trade it, and earn on it.
What makes Gyndore different?
Base has growing cbBTC adoption, but nowhere built around it. General money markets price your Bitcoin against every other asset they list, so holders get worse terms than they deserve. Gyndore accepts one collateral only, and builds the borrowing, trading, and yield rails around it.
Who is Gyndore for?
Long-term holders who want liquidity without selling their Bitcoin. Yield seekers who want returns paid out of real borrowing demand rather than token inflation. And traders and liquidity providers who want dedicated Bitcoin markets on Base.
What can I do on Gyndore?
Three things, and they compound. Borrow against your cbBTC at up to 90.91% LTV. Trade on a dedicated cbBTC DEX. Earn yield paid out of what borrowers actually pay. More borrowing means more yield, and deeper liquidity brings in more borrowers.
What is gynUSD?
gynUSD is the dollar you mint against your Bitcoin, the liquidity you spend, trade, or earn on. It stays fully backed by collateral, and anyone can redeem it onchain for a dollar of Bitcoin. That is what holds the peg.
What are GYND and bGYND?
GYND is the protocol's fee token. Stake it to earn a share of revenue from across the system, with no lock-ups, vesting, or withdrawal delays. bGYND is how incentives get paid: for liquidity, DropWave, and airdrops. Backed 1:1 by GYND, it can be staked to earn rewards and converts to GYND at a discount whenever you like.
Who is building Gyndore?
Ayeteasea, a blockchain development firm building autonomous, transparent DeFi protocols on EVM chains, with open-source contributions across the space.