Gyroscope has raised $4.5M in seed funding to build Gyro Dollars (GYD), a decentralized stablecoin featuring a novel all-weather stablecoin design. The round was co-led by Placeholder VC and Galaxy with participation from Maven11, Archetype, and Robot Ventures, as well as angel investment from Cyrus Younessi, Fernando Martinelli, Hart Lambur, Will Villaneuva and others. A live beta version of the new GYD stablecoin mechanism - Gyro Proto - is now live on mainnet Polygon and is open to all for testing.