![](https://kidit.xyz/wp-content/uploads/2023/12/Galaxy-Backed-Gyroscopes-Decentralized-Stablecoin-GYD-Goes-Live-on-Ethereum-ETH.jpg)
Backing assets are stablecoins deployed in certain strategies such as yield-generating sDAI and USDC in Flux, and also support automated market-making (AMM) strategies like LUSD and crvUSD. As the stablecoin scales, the reserve has been designed to a large variety of strategies and assets, the Gyroscope team explained.