Gyndore (gynUSD) Pre-launch Stablecoin Tracker

gynUSD

Pre-launchPharos hasn't ingested data for this one yet.Testnet

Pharos can still tell you how this asset is supposed to work, when it expects to launch, and what sources to watch. Live market, peg, liquidity, and safety surfaces activate only after the first post-launch data sync.

Full launch status and history

Protocol announced with whitepaper published; website live with core metrics showing 'Soon'. Claims audit-first approach but no specific auditor or report confirmed. A public waitlist opened May 21 2026 (waitlist.gyndore.com), reviving social activity after the GitHub repo (last commit Mar 7) and Medium (last post Feb 2) went quiet. A public testnet on Base Sepolia (chain 84532) is open to any EVM wallet using free test assets, running alongside the DropWave points campaign; the testnet was live by August 25 2026, though neither gyndore.com nor Medium records an opening date. The Gyndore Liquidity Bootstrapping Event opened on September 15 2026 to raise launch capital and by September 20 the app reported it 100% sold out with bGYND allocations distributed, GYND markets on Hydrex still pending. That event was a capital raise rather than a mainnet date: gyndore.com now lists only the GYND token contract deployed on Base on September 11 2026, the docs audit page names Sherlock but says no reports are published yet, and no gynUSD contract or mainnet date has been published, so Pharos records no expected launch date. Two launch configurations planned: bootstrapping (team admin key for borrow rate, transitioning via one-time fee switch to GYND governance) or GYND-from-day-one.

At a Glance

Backing: Crypto-Collateralized
Governance: Decentralized (DeFi)
Peg Currency: US Dollar
Yield-Bearing: Yes

Launch Alert

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Activity Timeline

Sep 27, 2026Milestone

Gyndore retires DropWave for the upcoming LNMS hub; gynUSD mainnet contracts still unpublished

app.gyndore.com/dropwave now redirects to LNMS, described as Gyndore's upcoming incentive hub for social rewards and community campaigns, closing out the liquidity-bootstrapping event that sold out on September 15. The contracts page still states the protocol is not live on Base mainnet, gynUSD addresses publish only at launch, and the Sherlock engagement has produced no published report; the GYND token holds 147 holders with no market.

Source

Sep 15, 2026Milestone

Gyndore Liquidity Bootstrapping Event opens and sells out

The Gyndore app opened the Liquidity Bootstrapping Event, a capital raise for the GYND launch market and protocol-owned liquidity, on September 15 2026; the DropWave page now reports the allocation 100% sold out and bGYND allocations distributed to nominated wallets, with GYND markets to open on Hydrex at an unannounced date. It was the project's first dated commitment; mainnet gynUSD contracts remain unpublished.

Source

Sep 11, 2026Milestone

GYND governance token contract deployed on Base mainnet

GyndToken (10,000,000 GYND, ERC-20 with Permit, source verified) was deployed at 0x6cD1C7D41F589b5Ce6b88B1c90bc2F29B0439Ea1 on September 11 2026 and is now listed on gyndore.com. No gynUSD or protocol contracts have been published. The docs name Sherlock as audit partner but state no reports are published yet.

Source

Aug 25, 2026Testnet

Public testnet open on Base Sepolia with the DropWave points campaign

Third-party coverage records the public testnet as live on Base Sepolia (chain 84532), open to any EVM wallet using free test assets, alongside the DropWave points campaign. The date is the first observed coverage; the issuer published no opening date.

Source

May 21, 2026Announcement

Public waitlist opened at waitlist.gyndore.com

Gyndore opens a public waitlist; the project remains pre-launch with no token, launch date, or live metrics, and no third-party coverage.

Source

Feb 2, 2026Announcement

Gyndore announced: whitepaper published

Bitcoin-backed CDP stablecoin protocol on Base announced by Ayeteasea, with whitepaper and website going live.

Source

The cbBTC-Only CDP

gynUSD is a pre-launch CDP stablecoin built around a single, blunt proposition: cbBTC is the only collateral. By focusing exclusively on Bitcoin through Coinbase's wrapper, Gyndore sidesteps the generalized risk models that force multi-asset lending markets into conservative LTV ratios. It then passes the capital efficiency benefit directly to borrowers, with a 110% minimum collateralization ratio enabling up to 90.91% LTV. Seventy percent of borrow fees flow to Stability Pool depositors, removing the idle-liquidity drag that burdens pool-based lending markets. The governance story has two possible endings depending on launch conditions: the protocol can either start with a bootstrapping admin key and transition to GYND token governance once the fee switch triggers, or mint GYND from day one if pre-launch capital formation is sufficient. The Pareto Controller constrains GYND voters to ±10bps rate adjustments and requires 80% consensus. This governance behaves more like a thermostat than a parliament. The cbBTC dependency is the structural asterisk: Coinbase custody sits at the base of every loan, so the trust-minimized pitch has a ceiling.

Updated May 19, 2026