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Gyroscope Protocol

Basic Information

InformationDetails
Project NameGyroscope Protocol
Project Websitehttps://gyro.finance
Project DescriptionA decentralized protocol focused on providing a stable and resilient digital currency.
Project TickerGYFI

Airdrop Details

InformationDetails
Airdrop TypeRetroactive
Total Airdrop AmountUp to 15% of total GYFI supply (assuming all users choose GIP-1 Option 3)
Number of Eligible UsersApproximately 12,000 addresses
Number of ClaimantsNot Known

Timeline

EventDate
Blockchain SnapshotMarch 14, 2025
Claiming StartedMarch 19, 2025
Claiming EndsJanuary 31, 2025

Token Distribution

DistributionAmount
MaximumNot Known
Median/AverageNot Known
MinimumNot Known

Eligibility Criteria

Eligibility for the GYFI airdrop was determined by the Gyroscope DAO through a series of Gyroscope Improvement Proposals (GIPs):

  • SPIN holders: As established in GIP-1, SPIN holders can convert their SPIN to GYFI at a rate of 1,066 SPIN per GYFI.
  • Founding Member NFT holders: According to GIP-2, Founding Member NFT holders are eligible to claim GYFI, with the amount dependent on the rarity of their NFT.
  • Galxe participants: GIP-2 also established that participants in a Gyroscope Galxe campaign are eligible to claim GYFI.

In total, approximately 12,000 addresses are eligible for GYFI. Additional categories may be added in the future, with considerations for sybil risks.

Additional Information

  • Lockup Options: Eligible recipients have three options for claiming GYFI:

    1. Option 1: Fully-liquid GYFI tokens, convertible at a rate of 1,066 SPIN per GYFI.
    2. Option 2: Lock up GYFI for 9 months and receive 40% more GYFI than Option 1. The locked tokens will start to unlock immediately over the course of 9 months linearly.
    3. Option 3: Lock up GYFI for 18 months and get 150% more GYFI than Option 1. There will be a 9-month cliff, so that users receive no liquid tokens before month 9, and then tokens linearly unlock from month 10 onwards.
  • Vesting for Large Allocations: Allocations above 10,000 GYFI are subject to an additional 6-month linear vesting for the portion above 10,000 GYFI.

  • Supply Details: The total GYFI supply is 13,700,000 tokens, with a planned annual increase of 2% starting from March 4, 2029.

  • Token Allocation: 65% of the GYFI token supply is allocated to the community, and 35% to FTL Labs, the initial Gyroscope development company.

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