Gryphon
Updated 59 days ago
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Updated 59 days ago
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Built to supercharge your leverage. Maximize your yield by leveraging your assets with the first native stablecoin on Injective.
Description
Gryphon represents an innovative protocol seamlessly integrating LSD and a stablecoin (CDP) component into its framework. Think Jito + DAI seamlessly integrated under one roof to serve the Injective ecosystem and the greater Cosmoverse.
iUSD will provide a 3 headed solution:
1/ Capital Efficiency Perfect for DeFi applications looking for low volatility and price stability.
2/ Adaptable CDP Almost any blue chip network layer can collateralize their assets to mint iUSD.
3/ Compound Yield Backed by blue chip assets starting with Injective.
Market outlook:
- Stablecoin market to soar to almost $3T in the next 5 years.
- Stablecoin use to surge, as transaction values to grow 250% globally by 2028.
As the pioneering Stablecoin protocol on Injective, Gryphon has already gained significant traction, boasting a rapid trajectory of a growing user base of more than 10,000 users on mainnet this month.
Team Information
Chief Nindo is the co-founder of a 100+ development team providing important development work to both the public and private sector. Clients include: Mastercard, NASA, and multiple universities.
cain has been in the crypto space since 2017/18. He’s seen it all - the ICO craze, DeFi summer, and NFTs before NFTs were cool. Formerly part of the founding team at Teller Finance and an original team member at Sapien Network, an ICO project that raised about 22-23M in 2018.
He also co-founded a web3 marketing consulting group and has worked with the likes of Immunefi and Colony.
Will is a Senior Blockchain Engineer with extensive experience in architecture and development of public chains, wallets, and smart contracts. He has led and participated in the design and development of multiple DeFi protocols. The total TVL of protocol management exceeds 100M.
cainlarpo
@cainlarpo
Owner
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