Gyroscope Protocol

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

sum of all the tokens locked in CLPs

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Gyroscope Protocol's governance or utility token carries a market capitalisation of $24M based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token ($24M) above the protocol's on-chain TVL ($1.8M) — a mcap/TVL multiple of 13.28× implies investors are paying for expected future fee flows rather than current deposits alone.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Dec 30, 2022
   Listed on DeFiLlama

Gyroscope Protocol is a DEX — a decentralised exchange where users swap assets against on-chain liquidity pools rather than a central order book. It is deployed across 10 chains, including xDai, Polygon, Base, Optimism and 6 other chains. The codebase has been independently audited (1 report on file).

Gyroscope Protocol runs a multi-chain deployment, with smart contracts live on 10 networks. Its TVL is heavily concentrated on xDai, which holds 75% of all assets — other deployments are comparatively small. Price discovery relies on 3 oracle providers (Chainlink, TWAP, Balancer Pool LP token), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap ($24M) currently exceeds total value locked ($1.8M) — a mcap/TVL ratio of 13.28 suggests the market is pricing in more growth than current deposits support.

Verified external resources for Gyroscope Protocol — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Gyroscope Protocol is one of 7 DEX protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Curve DEX, Uniswap V3, PancakeSwap AMM, and 3 more. These peer protocols collectively secure $8B in deposits, giving you a frame of reference for whether Gyroscope Protocol's own TVL is at the top, middle, or tail of the category.

Curve DEX

TVL $1.9B · 24h +0.39%

Uniswap V3

TVL $1.8B · 24h -0.67%

PancakeSwap AMM

TVL $1.7B · 24h +0.14%

Raydium AMM

TVL $1.1B · 24h +0.66%

Uniswap V2

TVL $872.4M · 24h -0.17%

Uniswap V4

TVL $670.6M · 24h -0.47%