Golden Finance reported that Gyro Dollars (GYD) stablecoin protocol Gyroscope has launched its governance token, GYFI. Gyroscope co-founder Lewis Gudgeon said that the GYFI token issuance includes airdropping up to 2.1 million tokens to eligible users (about 15% of the total GYFI supply of 13.7 million). The space investment space is determined by Gyroscope Governance Voting, with participants including SPIN Points Activity, Founding Member NFT Holders, and Gyroscope Galxe Activity. Users applying for GYFI can choose to use the entire amount as liquid tokens, or lock the tokens for additional rewards: 40% of GYFI can be obtained for 9 months, while 150% of GYFI can be obtained for 18 months. GYFI will allow holders to participate in a decentralized governance system where they can vote on protocol decisions. In addition, Gyroscope mentioned the possibility of implementing a buy and destroy mechanism in the future. According to CoinGecko data, Gyro Dollars had a market capitalization of $24 million as of press time.