Cyclone Protocol Launching on Polygon
Cyclone Protocol is the leading #PriFi protocol that offers multi-chain + zkSNARKs-based privacy, with yield enhancement, governed by the decentralized DAO. Cyclone protocol is the world-first protocol that supports anonymity pools aggregating yield-generating DeFi components, and it is the universal privacy-enhancement layer for all DeFi apps. Since launch in 2021, Cyclone has been launched on IoTeX mainnet, Binance Smart Chain and Ethereum. At present Cyclone has achieved a stable TVL of $10M and is gradually increasing.
After successfully launching Cyclone on Ethereum three months ago, we are pleased to see that Cyclone has entered the next new phase — launched on Polygon (previously Matic) mainnet in July 2021 as approved via a vote by our community. This is undoubtedly a new milestone!
Website: https://cyclone.xyz
Docs: https://docs.cyclone.xyz/
Deposit Start at 7/26 5:00 AM UTC
Anonymity/Liquidity Mining Start at 7/27 5:00 AM UTC
Genesis Anonymity Pools on BSC: $MATIC, $USDC, $QUICK
Liquidity Mining Pair: $CYC/$MATIC
We are excited to launch the following Genesis Pools for Polygon mainnet, aka Geometry Pools.
Pool Pentagon
Asset: MATIC
Asset Denomination: 1,000 MATIC
Life Cycle: 90 days
Anonymity Mining v2: 0.06 CYC per day
Entry Fee: 0.005 CYC which is deposited to treasury DAO
Relayer Fee: 0.1 MATIC
Pool Hexagon
Asset: USDC
Asset Denomination: 1,000 USDC
Coin Denomination: 2 MATIC
Life Cycle: 90 days
Anonymity Mining v2: 0.03 CYC per day
Entry Fee: 0.005 CYC which is deposited to treasury DAO
Relayer Fee: 0.1 MATIC
Pool Octagon
Asset: QUICK
Asset Denomination: 2 QUICK
Coin Denomination: 2 MATIC
Life Cycle: 90 days
Anonymity Mining v2: 0.03 CYC per day
Entry Fee: 0.005 CYC which is deposited to treasury DAO
Relayer Fee: 0.1 MATIC
Liquidity Pool
Asset: CYC/MAITC LP on Quickswap
Liquidity reward: 20 CYC per day
All the anonymity pools launched on Polygon uses our latest design of Anonymity Mining v2 (AMv2), that ensures:
- The longer the asset stays in the pool, the more CYC anonymity providers obtains;
- Config a life span of an anonymity pool (usually 90 days) to encourage anonymity providers to shuffle their assets and deposit into a new pool to improve the degree of privacy further.
Besides stabilizing the CYC price, liquidity mining is also part of Cyclone Protocol — CYC and MATIC can be supplied to Quickswap to produce CYC/MATIC Pool Token, which can be further staked to a smart contract for liquidity mining. The daily liquidity reward now sets to 20 CYC, which all liquidity miners share.
Cyclone is lifting off
24 hours after launching on Polygon, Cyclone’s TVL on Polygon has reached over 1M USD, which shows a warm welcome from the polygon community and users!
Looking back Cyclone has expanded from Fish Pools to Robot Pools, Coffee Pools, Cookie Pools and Geometry Pools. With continuous upgrades and new product launches Cyclone is gradually moving towards the public eye!
- The current number of community followers has exceeded 80k!
- Through community discussion and voting, SHIB, LINK, ALPACA and other new assets are continuously launched.
- The 6 proposals on Cyclone received high response from the community and passed.
About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, ~350M txns, and ~13.5M+ unique users.
About Cyclone Protocol
Cyclone Protocol is a cross-chain, non-custodial, universal privacy-preserving protocol for DeFi with decentralized governance which started in 2021. Cyclone applies zkSNARKs to enable transactional privacy for all DeFi components by breaking the on-chain link between depositor and recipient addresses. Cyclone Protocol is committed to creating the world’s first fully privacy-protected Money Market.
Where to find us?
Twitter: https://twitter.com/cycloneprotocol
Telegram: https://t.me/cyclonegroup
BitcoinTalk: https://bitcointalk.org/index.php?topic=5310841.0
