Gyre

Risks

Know what can break.

This is a high-risk leveraged product. Losses can consume all the GYRE you deposit.

  1. 1

    Recursive collateral

    GYRE is both the collateral and the traded asset. A price decline can reduce the value of your collateral while your position loses.

  2. 2

    Oracle manipulation

    A thin spot market can be moved for a price. The time-weighted mark, deviation checks and liquidity thresholds reduce that risk but cannot remove it.

  3. 3

    Liquidity shortfall

    Profitable traders are paid from reserved vault assets and insurance. A severe deficit can trigger reduce-only mode or auto-deleveraging.

  4. 4

    Smart contracts

    Code can contain defects. Pauses and bounded configuration limit the impact but do not guarantee recovery.

  5. 5

    Keeper and RPC

    Stale observations or service outages can pause funding, liquidations and new exposure.

  6. 6

    Regulatory

    Leveraged crypto derivatives may be restricted or regulated where you live.

Protective states

The protocol can reject saturated exposure, lower effective leverage, raise bounded funding, enter reduce-only mode, delay unsafe withdrawals and, as a last resort, activate auto-deleveraging.

See how exposure and liquidation are calculated