GyroX

What is GyroX?

GyroX, a CDS (crypto default swap) platform based on blockchain technology, is inspired by CDS(credit default swap) in traditional finance and enables all crypto players to participate. All non-standardized small probability events that carry great risk can be structured into a CDS on GyroX, where users can manage risk and profit from risk according to their unique judgment upon the definition of default. You can build a portfolio based on your own predictions, and as long as you are right, you will be rewarded.

What is the competitive edge of Gyrox?

GYROX is the world’s first in the blockchain CDS space.

Compared to traditional CDS products, CDS built on Gyrox is seen to be more fair and transparent in technology, as well as with an easy and optimized pricing model, highly customizable and free default odds setting, lower participation threshold, and enhancing coverage of end-users, and most importantly, richer triggering events even including traditional CDS contracts.

On the other hand, the properties of CDS on hedging, speculation, and arbitrage empower GyroX the obvious comprehensive advantages over spot/options/futures trading, prediction market, insurance, etc., in the DeFi field.

Is KYC required for GyroX？

No. As GyroX is a decentralized platform, all you need to do in advance is to get your wallet connected.

Which chain does GyroX operate on？

GyroX first launches on the KCC ecosystem and will extend to other EVM-compatible chains in the near future.