Akin to Maker’s Peg Stability Module (PSM), the core Gyroscope mechanism allows exchangeability of the stablecoin with ˜1$ worth of assets. However, unlike Maker’s design it does so while (1) allowing to diversify all risks in the reserve, (2) not entirely relying on custodial stablecoins, and (3) preserving some resilience and flexibility to survive even if the reserve value fluctuates.